Taking a long-term strategic perspective, Ubitquity Llc has decided to join forces with Proton Chain to provide a holistic, blockchain-based scalable solution to stakeholders in the real estate industry. Ubitquity LLC has created a name for itself in the title record-keeping field in the real estate industry using blockchain technology. The company has been operational for five years, and on its fifth anniversary, Ubitquity LLC has decided to strike a collaboration agreement with Proton Chain.
On the other hand, Proton Chain is a new public blockchain that provides users the facility of a safe and secure financial layer. This layer allows a person’s identity to be linked with their accounts for a seamless cryptocurrency purchase used in several different applications. It is important to root that Proton Chain has quickly carved a place for itself in the market thanks to its capabilities, designed for peer-to-peer transactions and consumer applications.
Aim of collaboration
Now both these companies are coming together to realize the dream of providing an eClose solution to the real estate customers. This solution will be based on the blockchain technology and provide an all-inclusive facility for closing real estate deals and transactions. Various tools available on the Ubitquity LLC’s Unanimity platform, such as secure document management, title abstracting and closing support, and smart contract management, are expected to get optimized with the help of the solution both companies intend to develop in collaboration.
The solution is expected to save time, money, and efforts for stakeholders working in the real estate sector. By inventing this eClose solution, the real estate industry agents need not go back to the archival practices of collecting, collating, and analyzing the data to close real estate transactions. All these processes can be completed simultaneously and effectively by the blockchain solution, which is exactly why this cooperation is considered relevant in the given scenario. Besides, both organizations will benefit in terms of expanding their market reach and credibility among target users.
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