The first blockchain-secured platform for real estate record keeping is partnering with ChromaWay, a blockchain real estate infrastructure provider based in Stockholm, Sweden. ChromaWay will collaborate with public as well as private sector stakeholders in the real estate and finance sectors to build and support applications on our platform.
FOR IMMEDIATE RELEASE
Wilmington, Delaware, July 12, 2018 — Ubitquity LLC, the first blockchain-secured platform for real estate recordkeeping, is pleased to announce a strategic partnership with ChromaWay, a blockchain infrastructure company. Ubitquity will be adding the Postchain software to its list of supported chains in its mission to continue delivering seamless blockchain agnostic experience to its customers.
“We began quietly testing and exploring Postchain via our Labs division in July 2017, and so it is exciting for us to announce our partnership with ChromaWay one year later. We are confident our partnership will also serve to benefit Ubitquity and ChromaWay’s global reach,” says Ubitquity LLC Founder, President/CEO, Nathan Wosnack.
The Ubitquity SaaS Platform and its API, which complements 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 encrypted metadata regarding transactions, among others contents of all the formulas, are stored in a decentralized manner via Filecoin (IPFS) or StorJ.
“Our belief is that through this mutually beneficial relationship, ChromaWay’s infrastructure as an option for customers in addition to our existing Bitcoin, Ethereum, Hyperledger, and MultiChain UTXO blockchains as well as joint marketing will be the key to our global success,“ adds Wosnack, “Ubitquity and ChromaWay’s cooperation will go beyond marketing and infrastructure, however. Our goal is to help in build interoperable technology for the municipalities and clients we serve.”
Postchain is the world’s first consortium database. It is open-source and works together with the most widely used database systems. Many database systems have been around for years and are trusted in production by enterprises around the world. This means that with Postchain, a blockchain solution can be implemented by a SQL developer.
“We are extremely excited to be partnering with Ubitquity, as we believe that Postchain can provide a more secure, faster and more efficient solution to traditional databases. Our solution, combined with Ubitquity’s technology, can develop future projects for real-estate on the blockchain” says Or Perelman, co-founder and COO of ChromaWay.
About ChromaWay AB
ChromaWay is a blockchain startup founded in 2014 and based in Stockholm and committed to provide many different fields with blockchain technology solutions. In the past years, ChromaWay has developed several projects with governmental institutions such as the Swedish Land Registry, UN Women and the Andhra Pradesh Government.
Irene Ramón (Communication and PR Manager)
About Ubitquity LLC
UBITQUITY, a blockchain-secured platform for real estate recordkeeping offers a simple user experience for securely recording, 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.
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