Ubitquity, a blockchain real estate startup in the US, is launched a blockchain monitoring solution. This solution will alert lenders to any holds on property placed against them.
Headquartered in Delaware, Ubitquity makes a Software-as-a-Service (SaaS) platform using blockchain technology. Its platform 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.
Called Lien Alert, the new blockchain solution gives lenders a tool to protect their credit and prevent fraud. It is designed to help alert lenders and owners learn about potential fradulent lien filings on property, including legitimate lien filings that a lender would like to know about.
Anytime an important document is filed related to a piece of property, the lender and owner get a notice via SMS text and email. Hashes of the alerts are encrypted and stored on the blockchain via Ubitquity’s SaaS platform and API.
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