Moving parts of the title process to Blockchain brings big cost-savings and efficiency for America’s most respected aviation title and escrow service provider
FOR IMMEDIATE RELEASE
Wilmington, Delaware, August 28, 2018 — Ubitquity LLC, the first blockchain-secured platform for real estate and title recordkeeping, is pleased to announce that Oklahoma City-Based AIC Title Service has signed on as a client.
“In addition to being a respected title and escrow service provider, AIC is one of the most innovative companies in its industry,” says Ubitquity founder and CEO Nathan Wosnack. “Investing in blockchain technology is a natural fit for the company.”
AIC Title Service first plans to create a parallel, blockchain-based system for parts of the title and registration process in the company’s new Aircraft Closing Room®. The company has plans to expand its blockchain use and offer more services powered by Ubitquity’s Blockchain API in the near future.
“When I bought AIC Title Service in 2003, my goal was to take an archaic industry and turn it into an industry of today. The vision that I have for this industry is the ability for us to take the information that we need to provide to our clients and get that to them in a more timely and secure fashion,” adds AIC owner Clay Healey. “The next step of this process is blockchain.”
The Ubitquity SaaS Platform and its API, which compliments its existing platform launched in March 2016, utilizes blockchain and off-blockchain data storage. This enables users to ensure the authenticity of information related to the land or property in question, in particular its current ownership and all the historical transactions. In addition, the non-encrypted metadata regarding transactions, among others contents of all the formulas, are stored in a centralized database.
Based in Oklahoma City, OK, AIC is the industry leader in title search, escrow, FAA Aircraft Registry document submission, transaction management, lien clearance and International Registry services for fixed wing and rotary aircraft. A technological infrastructure capable of delivering superior reliability, efficiency, and performance combined with the industry’s most experienced, dedicated, and customer service oriented staff has been the key to AIC’s success. As a result, AIC has acquired relationships with 140 countries and escrow transactions exceed 10 figures annually. For more information, please visit www.aictitle.com or call us at (405) 948-1811.
Senior V.P. of Marketing, AIC Title Service
About Ubitquity LLC
UBITQUITY, a blockchain-secured platform for real estate recordkeeping, offers a simple user experience for securely recording and tracking property deeds and land records. The company is partnered with academia, municipalities, and title companies. A private beta version of their platform is now available at www.ubitquity.io
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