The critical issues encountered in real estate sales include the lack of transparency during and after operations; the excessive recourse to paper (and therefore the overabundance of paperwork) and the possible frauds and errors of public records, just to name a few ...
The blockchain offers a way to reduce the need for paper support for data recording and therefore leads to speed up the operations related to the drafting of contracts, to the identification of the counterparties and the precise details of the asset being sold.
The decentralized databases applied to the real estate market can help to register, monitor and transfer land titles, property deeds, privileges, etc. and help ensure that documents are accurate and verifiable.
Ubitquity has developed a platform for financial institutions and mortgage lending companies that aim to manage the relative documents in a completely transparent manner, improving the supervision of the relative administrative activities (backoffice) and reducing the associated costs.