Ubitquity Blockchain platform for real estate partners with Rainier

Ubitquity, developer of a blockchain-secured platform for real estate and title recordkeeping, has partnered with Rainier Title. As part of the partnership, Ubitquity will build out a platform for creating tokenized property title as well as parallel records of conveyances for Washington-based Rainier.

Ubitquity’s patent-pending Blockchain-as-a-Service (BaaS) blockchain platform called “unanimity” allows a client to input his or her data and store it on the blockchain. It also aims to allow an accurate audit of all the records.  For his part, Ubitquity Founder & CEO Nathan Wosnack believes that blockchain technology will disrupt, not replace, the title industry.

As such, he says “it makes sense for a company as innovative as Rainier to approach this with full force.” Another interesting aspect of the partnership is that Rainier is in the process of migrating to Qualia, a closing room and conveyance suite. Ubitquity will work to produce software that “seamlessly” integrates into Qualia, the company said.

Rainier Title CEO Bill Bergschneider said his company sees blockchain technology “as the next step for the industry.” “We are proud to be the first in our region to initiate the blockchain process, which will create a more transparent, secure and consumer-facing trend of real property transfer,” he added. “With a host of modern-day distractions, we see this process as the most logical step forward. And Ubitquity’s approach is smart and pragmatic.”