4 min read

Power to the Creators: Ubitquity

Ubitquity is a startup that offers a Blockchain-as-a-Service (BaaS) platform which targets the real estate, title companies, and title insurance markets as well as governments through a blockchain platform ecosystem and API–aptly named unanimity.
Power to the Creators: Ubitquity
This article is part of an ongoing series highlighting the movers and shakers; individuals who are making extraordinary contributions to the growth of the Proton blockchain: whether by adding tokens to the chain; creating products; or just offering their stalwart support. This installment features Nathan Wosnack–the Founder and CEO of Ubitquity, and joining him is Wes Williams, Esq., VP of Product and company attorney.

Ubitquity is a startup that offers a Blockchain-as-a-Service (BaaS) platform which targets the real estate, title companies, and title insurance markets as well as governments through a blockchain platform ecosystem and API–aptly named unanimity. Using a cryptographic hash, unanimity enables a user to verify a title exists without identifying the owner. Their API is web-browsable for convenience, and customers can combine their own API's to utilize the unanimity platform to allow further customization.

Ubitquity's ecosystem of product offerings serves a variety of industries–including aviation and real estate for escrow; title closing support; title abstracting; digital, hybrid, and paper notary support; smart contract management; as well as secure document management services. Moreover, Ubitquity (a privately held company) doesn't have its own token and has never done an ICO.

Dan: Hello and thank you Nathan and Wes for taking the time to be here to share the details of your company–Ubitquity with us and why you have chosen to build on the Proton blockchain.

Nathan: My pleasure, Dan. I greatly appreciate Proton MT for welcoming us for this interview!

Dan: The pleasure is ours. Let's start off talking about unanimity. What are some of the key features of unanimity?

Nathan: [They are] Blockchain Agnostic; Peer-to-Peer Storage; Smart Contract Capability; RESTful API Enabled; [and] Module Add-Ons [are] included.

Dan: Your website presently lists the Web3.py Python library as part of the Django REST (Representational State Transfer)–a required development environment to interact with the Ethereum blockchain. I'm a big fan of Django in particular. It comes with a lot of juice in the batteries–all the basic building blocks of a modern web application. Django REST is a solid choice for the backend. So what are you using for unanimity's frontend? It doesn't look like Twitter's Bootstrap.

Nathan: We’re using a REACT front end by default. However, we will customize a UI/UX that is based on a client's needs.

Dan: You also deliver a custom product built upon the Proton and Vechain blockchains.

Nathan: That is correct–we do. We are blockchain agnostic and have been since our inception in 2015. Proton Chain and VeChain are only the latest blockchains that we support. We also support Bitcoin, Ethereum, and others.

Dan: When would a client be likely to choose a custom solution over (say) the basic or default Ethereum based one?

Nathan: It really depends on the specific implementation: which may have unique requirements (i.e. for smart contracts).

Dan: What are the strengths of Proton v. Vechain and how, if at all, do these two complement one another?

Nathan: Proton Chain has a strong development suite and Web SDKs [Software Developer Kits] that are developer-friendly. They also do transactions that are no-fee for the most part. We love Proton Chain’s no “gas-fee” atomic swaps within the application; which is why we started developing on [Proton] for SmartEscrow and Unanimity. They also offer 4,000 TPS (Transactions Per Second). VeChain has a strong community backing [and] many nodes which help for decentralization, enterprise tools, and support. We also love their SMB channel partners–such as Real Items who have helped us in many areas; [like] our MyNFTs (MyNFTs.org) goals.

Dan: When would your customer more likely choose a Proton-based solution over Vechain?

Nathan: It would depend on the customer’s workflows [and also] comparing and contrasting the chains based on the customer's needs and wants. Our customers are medium-to-enterprise companies.

Dan: Let's talk about SmartEscrow.usthe service you recently launched aimed at the title and escrow market that allows for the purchase of real estate with cryptocurrency and uses stable coins for settlement.

The explainer video for SmartEscrow doesn't say whether or not SmartEscrow is  also offered on the Proton chain–is it?

Wes: It will be offered on the Proton Chain to start [with]. Our product, however, can be adopted into any other blockchain.

Dan: SmartEscrow is really a groundbreaking service isn't it? I mean, there's really nothing else out there that lets you purchase a property with crypto and settle with a stablecoin.

Wes: Currently, people can purchase real estate with cryptocurrency. However, title and escrow companies [themselves] cannot settle the transaction using cryptocurrency. Yes, it is groundbreaking, because SmartEscrow allows title and escrow companies to accept and settle in cryptocurrencies. Before our product existed, buyers of real estate had to convert their cryptocurrency into US Dollars (USD). SmartEscrow allows title and escrow companies to now settle in cryptocurrency stablecoin.

Dan: You have partnered with Proton chain since Sept 2020. How big of a role did Proton's secure identity and financial settlement layer play in that decision?

Nathan: Their identity and financial settlement layer, by way of Metal Pay, was attractive. While we are blockchain agnostic, and we can build on any chain, my friendship with their Founder [and CEO of Metallicus] Marshall Hayner, was probably the biggest factor in our decision in choosing Proton. Any great business relationship first relies on the trust of the people behind the technology.

Dan: I want to thank you again for making yourself available to us here. I'm very excited for the future of Proton blockchain adoption in the real estate and title industries. I wish you and your company continued success. Do you have anything you would like readers to know about Ubitquity not already covered or any closing comments?

Nathan: To learn more about SmartEscrow–our flagship product, visit our newly launched website: SmartEscrow.us. Lastly; I want to personally thank the Proton Chain, and the VeChain community for all of their support: [add a] special thank you to Millennial Title, Rainier Title, and our new infrastructure partner Real Items. To the blockchain community: keep on innovating…One Block At A Time®.