Ubitquitys is a Blockchain-Secured Platform for legal record keeping and it has recently made an announcement revealing its brand new software. Smartescrow is the new software module that can be used to reduce the price of non-labor charges that are essential for the proper functioning of a business.
The service along with the main feature will also reduce the risks that come along with dealing in such fields. The data is entered into the system and can be used again or taken out without any further confirmation. The BaaS platform and API use the data that is stored in the blockchain system as well as the one stored outside of it. This feature benefits the user the most.
Using this feature the user can get clear and authentic information about the property they are involving themselves with for investment. This feature allows the user to get information regarding the property background check such as who owns it currently and who owned it previously.
Non-encrypted data and other important information associated with the transactions and dealings are stored inside a centralized database.
The CEO of Ubitquity Nathan Wosnack gave a statement regarding the situation expressing that Ubiquity is going through a good and thriving period. The new Smartescrow technology is designed so that it can be attached to the existing system of the user immediately without any setbacks or delays.
The software has an inbuilt system to prevent scams and frauds and also has the ability to act as an automatic mediator.
Wosnack wanted to emphasize the fact that the team behind the whole project consists of skilled and experienced professionals who have been working in this field for a long time.
Their hard work is bound to result in a successful technology. Wosnack has a very optimistic approach to the project.