Blockchain acceptance in different sectors is scaling up but Real Estate Market seems to be moving fast.These days it is in discussion that how blockchain technology can be an advancement in real estate market.Finally, we see a first mover who is working in this space.Ubitquity, a US based startup has partnered up with Brazilian government to introduce Blockchain in land registering process.
The company has developed a fully functioning, highly secure platform for entering documents, information, etc related to property into a blockchain system which can be used in registration of property.
Ubitquity uses a SaaS (software-as-a-service) platform to secure the data and make it unalterable and has already begun its trial projects. The startups aims to remove the centralization in the process of registration and to remove the necessity of holding property records by a holder, and instead save it for lifelong in the blockchain network.
(Also read: Sweden successfully concluded registration of Land/Property on blockchain)
Ubitquity was founded on September 15, 2016 .It claims to be a pioneer in blockchain real estate.
Ubitquity tends to offer a SaaS blockhain platform with a simple user friendly experience for safely recording and tracking the data.
Well it was a common thing to hear blockchain to come in real estate market but now seeing players entering into the field is really exciting up the blockchain community.
Blockchain being the underlying technology behind Bitcoin, the world’s first decentralized peer-to-peer crypto currency, it is already being served to more than 700 Crypto Currencies.
Blockchain now seems to be gaining it’s importance and without any doubt, it is the future of recording data and transactions in almost every business sector,
Some other articles related to Blockchain:
Indian Startups working on Blockchain
Indian Banks looking out for Blockchain
Indian Firms adopting Blockchain Technology
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