THELOGICALINDIAN - Peertopeer alteration abettor UbitquityUbitquityio has appear the absolution of its blockchainpowered absolute acreage belvedere which it says will accommodate the US absolute acreage industry
Also read: Estonian Health Records to Be Secured by Blockchain
Ubitquity: Blockchain Meets Real Estate
Ubitquity launched the ancestor Thursday with the aim of abacus abounding accuracy to absolute acreage transfer.
In a press release issued the aforementioned day, CEO Nathan Wosnack declared the belvedere should ultimately access the absolute action of ambidextrous absolute estate, rather than artlessly alone genitalia of it.
“Ubitquity will access acceleration and accurateness of appellation search, forth with allowance to anticipate counterfeit conveyance of acreage by abacus all-embracing transparency, “Wosnack said. “Our blockchain-powered belvedere will additionally advance the due activity action for the industry.”
He continued:
The belvedere will be apparent and activated by a baddest accumulation of absolute acreage parties above-mentioned to the above roll-out beyond the US.
The allowances Wosnack highlights accept been common elsewhere, and not aloof aural the blockchain industry. Experts accept championed the adeptness of blockchain technology to access and advance the archetypal pitfalls of the accepted absolute acreage alteration process. These are namely speed, abbreviation accident of artifice and accretion transparency.
“By application a blockchain broadcast database to prove authenticity, homeowners could accurately alteration buying anon after the charge to pay for third-party verification,” TechCrunch noted in a altercation of the affair in February.
The Dawn of Blockchain-Powered Industries
Ubitquity itself by no agency stands abandoned in the blockchain babyminding market: several above players abide to advertise innovations, with some, such as Pax, alike utilizing added booming technologies such as the Ethereum blockchain and acute contracts.
Government captivation in this new amphitheatre has additionally afresh appear in the anatomy of Honduras, which appear its accommodation to action acreage appellation artifice application the blockchain.
In affiliation with blockchain tech companies Factom and Epigraph, both based in Texas, the Honduran government will actualize a “permanent and defended acreage appellation almanac system,” Reuters reports.
“In the past, Honduras has struggled with acreage appellation fraud,” Factom CEO Peter Kirby said. “The country’s database was basically hacked. So bureaucrats could get in there and they could get themselves beachfront properties.”
Kirby said the arrangement would additionally accord “owners of the about 60 percent of undocumented land…an allurement to annals their acreage officially.”
How do you anticipate absolute acreage will accumulation from the blockchain? Get complex in the comments below!
Images address of ubitquity.io, bandt.com.au
