FAQ



Frequently Asked Questions


If you see something that isn't on this page, and need an answer, contact us and we'll respond in 2 business days.

The FAQ was Last Revised: May 9, 2019 @ 3:20am ET

  • Q: When were you founded?
  • A: September 15, 2015.

  • Q: Where were you founded/where is the company located?
  • A: We were founded and are registered in Wilmington, Delaware, USA with a team and advisers located worldwide.

  • Q: Who are the leadership of your team?
  • A: Nathan Wosnack (Founder & CEO), Sam Tannian-Reynolds (COO).

  • Q: Who are the members of your team?
  • A: Wes Williams, Esq. (VP of Title), Sebastian Opałczyński (Backend Lead Development), Syd Garlathy (US Business Development), Vadim Zaripov (Product Designer).

  • Q: Who are on the Ubitquity advisory board?
  • A: Joe Lamontagne (CEO @ Priority Title & Escrow), Ozzy Abdelati (Title Insurance Veteran, Canada), Avi Spielman (MIT CRE '16, President, Joon Properties), Blake Anderson (Cryptographic Economist), Patrick Dugan (TradeLayer).

  • Q: What is the brief history of Ubitquity LLC?
  • A: Ubitquity as a concept started out in January 2015 as iNation. iNation co-founder and CCO (now Founder & CEO at Ubitquity) Nathan Wosnack was researching non-financial uses of the Blockchain, and colleagues of his inspired him to narrow down the focus to real estate since it had the biggest promise of disrupting centuries-old industries. In March 2016 Ubitquity built its first MVP - Minimal Viable Product. In June of that year, Ubitquity did the first property ownership transfer from Marina Reznik (former partner and now member owner at Ubitquity), REALTOR® at Atlantic Sotheby’s International onto the blockchain June 30, 2016. From there momentum grew and the team expanded. In 2017, Avi Spielman joined as advisor after writing his Master Thesis at MIT Center For Real Estate (CRE) Blockchain: Digitally Rebuilding the Real Estate Industry in which Ubitquity was cited. Avi joined Nathan on stage at a panel (along with John Mirkovic - Deputy Recorder of Deeds for Cook County) at the National Association of REALTORS® (NAR) convention in November 2017. In 2018, with bootstrapped revenue coming in from Ubitquity’s first major client, AIC Title Service, the company added its first full-time employee: Sam-Tannian Reynolds, as their COO. Throughout the year Ubitquity brought on more customers such as Coast to Coast Title and others. In early September 2018 a patent provisional application on the SaaS Platform and API was filed in the United States. The enterprise-ready SaaS platform + API was moved off "beta" and into "RC" (Release Candidate) in September of 2018 when it had a successful run on the AIC Title Service Closing Room® platform. In addition, it expanded its sales team with the addition of Darcy Van Orden, and added another advisor, Wes Williams (25+ year title insurance veteran), to the advisory board. In late 2018 Lien Alert was announced. In early 2019 we made news about bridging the gap between blockchain technology and the real estate industry by officially joining RESO (Real Estate Standards Organization) as a member. As of March 2019; Ubitquity is developing tools for the title insurance industry pertaining to smart escrow contracts and solutions for replacing the inefficiencies in the Document Recording Services (DRS) industry where it will soon be launching BlockDRS.com as well as SmartEscrow℠ as module add ons for the title/title industry in real estate and other industries.

  • Q: What is your company goal?
  • A: Our goal is to have an immutable record of a land ownership history for all parties involved as an authentic and accurate information ledger used by companies in many industries and municipalities worldwide. To learn about our Vision & Values along with Core Values see our About Page.

  • Q: Who are your customers?
  • A: AIC Title Service LLC, Brazil land records/notary, Coast to Coast Title, Global software companies whitelabeling API. In addition to the confidential customers brought to us from our Value Added Resellers. Read our Case Studies report to learn more about a few of our success stories.

  • Q: Who are your Value Added Resellers (VAR)?
  • A: A confidential Hong Kong-based real estate private reseller, Genesi Media (Ottawa, Canada), Chain Solutions SpA (Santiago, Chile)

  • Q: Who are you collaborating with?
  • A: Bitland Global, [email protected], Priority Title & Escrow, Columbia University, MIT Center for Real Estate.

  • Q: Where can I subscribe to your newsletter?
  • A: Visit www.ubitquity.io and scroll to the bottom of the page. Available on most pages in the footer.

  • Q: I'm from the media and wish to interview you. How can I reach your staff?
  • A: Visit our press section. Or email [email protected]. We also have a detailed Press Kit.

  • Q: What is the Ubitquity business model (how do you make money)?
  • A: We have a multi-channel business model, and revenue is derived from multiple sources. The first source of revenue comes from a "pilot" fee. This initial one-time fee covers the cost of deploying the platform to the customer’s platform and doing any necessary modifications and customizations. Next, we charge the customer a quarterly maintenance fee which covers our cost of hosting and regular improvements to the existing codebase. Finally, for some customers we charge either a per-seat user fee or a revenue capture percentage.

  • Q: Do you offer any other forms of revenue generation?
  • A: Yes. Managed Solutions. Ubitquity offers multiple channels of revenue. Managed Solutions is a consistent income and Ubitquity hopes to capture more of it:

    Cloud Services:
    Cloud-based blockchain "data hashes" and data management on our platform, infrastructure plans with decentralization, via IPFS & StorJ, and Amazon AWS.

    Consulting Services:
    We'll take an assessment of your unique needs and challenges, along with a roadmap to align with your goals with blockchain technology and work on an execution plan that fits you.

    Professional Services:
    Consulting, system integration, and development for "all things blockchain" and smart contracts to align your existing technology.



  • Q: Where can I get a demo of the unanimity℠ platform?
  • A: Visit our Demo Page. A demo of the Ubitquity unanimity℠ platform v2.1RC (Release Candidate) is available for title companies and governments (recorder of deeds/land title offices). You can sign up today and we will gather some information. We have been meticulous with the development of our demo so it properly reflects our live production systems. We'll schedule a call in 1 business day.

  • Q: What is blockchain technology?
  • A: Blockchain technology is a software protocol that creates an accounting system for the transmission and recording of information and assets that is transparent to the public and creates trust and certainty through a collective validation process known as consensus. This process uses cryptography and complex algorithms to verify, encrypt, and transmit data over a decentralized network of nodes, which are computers acting as independent auditors. Verified information or asset, whether tangible, intangible or digital asset is recorded in a distributed ledger on a chain of digital blocks, hence the name ‘blockchain.’ The value of blockchain is multi-faceted. Through the consensus process, each block in the linear chain is built on the certainty of validation in the previous block. This creates a secure environment of trust by having an audit trail of information with guaranteed validity and immutability. In the past, to achieve such integrity it was necessary to use a trusted centralized third party such as a bank or government agency. History is a witness to the flaws in that model. Blockchain replaces the need for third parties to guarantee the accuracy of information.

  • Q: What is the Ubitquity technology?
  • A: A Patent Pending API (Application Programming Interface) and SaaS Platform, unanimity℠ (v2.1RC), that allows a client to input his or her data and store it on the blockchain. It also allows an accurate audit of all the records. Blockchain is used to ensure the authenticity of information related to: Ownership, Ownership history, Transfer records. The primary use case of the platform has been the real estate industry, but it has been successfully applied to other industries.

  • Q: How does the Ubitquity platform (unanimity℠) work?
  • A: The User is able to verify contract authenticity with or without an API. However, the storage and full access is available only through an API. This is because we store records publicly (on the blockchain) and only the fingerprints of particular form fields (using a cryptographic hash function). It means one can, without the API, verify IF someone owns a property, but not WHO owns it. Full access to non-encrypted data is possible only through the API to ensure privacy protection.

  • Q: What are the unanimity℠) features?
  • A: Unanimity℠ Platform Features: The Patent Pending Ubitquity API utilizes blockchain and off-blockchain data storage. API sandbox included for any and all project testing requirements. The blockchain back-end enables users to ensure the authenticity of information related to the land in question, in particular its current ownership, and all the historical transactions. The non-encrypted metadata regarding transactions, among others contents of all the formulas, are stored in a centralized database. Structure of the database intentionally doesn't make use of relations to enable easy switch to decentralized storage (such as StorJ, Filecoin, Amazon AWS), in case it will be required by the customer.

  • Q: Do you support Smart Contracts?
  • A: Yes! With Ubitquity’s unanimity℠ platform a smart contract prepared is designed to make contract elastic, in essence no interference in it is required to store additional data – all the required changes can be done by performing standard changes in API, requiring no specialized blockchain-related knowledge. We are also actively developing smart escrow contracts (libraries and module add ons for our platform & API).

  • Q: What blockchains do you support?
  • A: Bitcoin, Ethereum, Hyperledger, Multichain, Postchain, Quorum.™

  • Q: What types of blockchains do you support
  • A: Public (Permissionless), Private (Permissioned), and Consortium.

  • Q: What are your core features?
  • A: Timestamped, distributed, encrypted, permanent asset record storage Digital title creation and transfer.

  • Q: Tell me more about the system architecture. What is it comprised of?
  • A: The default system is built using state-of-the-art solutions. API was developed in Python programming language, utilizing Django REST framework, as well as web3.py interface for interacting with the Ethereum blockchain and ecosystem. Apart from these and other Python-related requirements two additional applications must be installed in target system, namely: The solc Solidity compiler (used to compile smart contract before they are signed and send) Geth or equivalent interface for running a full-ethereum node (since contract has to be signed using private key, for security purposes external services such as Infura do not provide this functionality). Keep in mind this is not an extensive description. We integrate into multiple blockchains via our BaaS (Blockchain-as-a-Service) platform & API

  • Q: Are you tokenizing real estate?
  • A: No, not currently. There are also efforts involving application of a token which is used to represent either a share of stock in an SPV (Special Purpose Vehicle — a subsidiary of a company which is protected from the parent company’s financial risk) that owns the underlying real estate asset (via a REIT — Real Estate Investment Trust or RE Fund), or one that is being used as a medium of exchange to purchase the real estate ala Bitcoin. At some point in the future we may see a token represent ownership rights in and to a particular parcel of real estate, similar to a deed, which can then be transferred via a blockchain based land registry system. Given uncertainties in its legal structure this is not something that will be happening in the US any time soon, nor is it something Ubitquity is involved in.

  • Q: Whatever happened to your grandfathered MVP (Minimal Viable Product) system for Ubitquity?
  • A: In March 2019, two years after it was built, we decommissioned it. This is due to the fact Israel-based Colu shut down the ColoredCoins.org website which had been storing our original files.

  • Q: How do I log into my Ubitquity unanimity℠ BaaS account?
  • A: By clicking here.

  • Q: How do I log into my unanimity API sandbox account?
  • A: By clicking here.

  • Q: Do you offer any other forms of revenue generation?
  • A: Yes. Managed Solutions. Ubitquity offers multiple channels of revenue. Managed Solutions is a consistent income and Ubitquity hopes to capture more of it:

    Cloud Services:
    Cloud-based blockchain "data hashes" and data management on our platform, infrastructure plans with decentralization via IPFS & StorJ, and Amazon AWS.

    Consulting Services:
    We'll take an assessment of your unique needs and challenges, along with a roadmap to align with your goals with blockchain technology and work on an execution plan that fits you.

    Professional Services:
    Consulting, system integration, and development for "all things blockchain" and smart contracts to align your existing technology.

  • Q: How can I invest in Ubitquity, LLC?
  • A: Until May 31, 2019 Ubitquity is offering securities under Regulation CF and Rule 506(c) of Regulation D through SI Securities, LLC ("SI Securities"). The Company has filed a Form C with the Securities and Exchange Commission in connection with its offering, a copy of which may be obtained at: https://www.seedinvest.com/ubitquity/seed.

  • Q: Who has invested in Ubitquity, LLC?
  • A: Private investors and "internal" investment from member interest owners and customers. We have many outside investors (confidential) who have invested in us via SeedInvest in Rule 506(c) of Regulation D and Reg CF through SI Securities, LLC.

  • Q: Have you done an ICO, SAFT, STO... where can I find your coin/token, are you on exchanges?
  • A: We have never done an ICO, SAFT, STO. Read our Fundraising Disclaimer page. We do not have a coin or token, therefore we are not on any exchanges. We are a Blockchain-as-a-service (BaaS) platform and API called unanimity. Learn more on our Products Page.



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