UBITQUITY has open-sourced unanimity!

UBITQUITY has open-sourced unanimity!

“What is unanimity?”

unanimity (version 1.2) is our open-source (MIT License) Blockchain-as-a-Service platform oracle that helps you integrate blockchain capabilities into your applications without expensive infrastructure or cryptocurrency handling.

– Blockchain Agnostic

– Peer-to-Peer Storage Capable

– Smart Contract Capability

– RESTful API Enabled

– Module Add-Ons Included

UBITQUITY LAUNCHING CRYPTO LISTING SERVICE TO EMPOWER HOME AND LAND OWNERS ACCEPTING CRYPTOCURRENCY TRANSACTIONS ON ITS PLATFORM

UBITQUITY LAUNCHING CRYPTO LISTING SERVICE TO EMPOWER HOME AND LAND OWNERS ACCEPTING CRYPTOCURRENCY TRANSACTIONS ON ITS PLATFORM

Ubitquity, the innovative leader in the blockchain, title, and real estate space has announced that it is launching its Crypto Listing Service™ with existing partners in July of 2022.

Wilmington, Delaware, USA — June 17, 2022 — Ubitquity LLC, the leading enterprise blockchain-secured platform for real estate and title recordkeeping, is excited to announce that is launching a Crypto Listing Service™ as part of a UbitquityPay™ value add-on for home sellers who want to advertise their properties or land to the global cryptocurrency community.

“The Crypto Listing Service™ will provide a new property listing and search experience while adding an advanced tool for collaboration between homeowners, title companies, and REALTORS® who are working to serve the ever demanding needs of their clients. With the major volatility of cryptocurrencies as of late, people want to put their cryptocurrency into more stable assets like property, so the timing of this product launch couldn’t be better,” said Nathan Wosnack, Founder & CEO of Ubitquity.

UbitquityPay’s Crypto Listing Service™ intends to be a definitive source for the most up-to-date listing information for both buyers and sellers who intend to transact in cryptocurrencies. The Crypto Listing Service™ gives both parties the ability to accept and pay with over 130+ supported cryptocurrencies on the UbitquityPay™ platform, while offering best-in-class security, and automated KYC/AML (Know-Your-Customer, Anti-Money Laundering) solutions to ensure regulatory compliance.

“We are working diligently to provide pertinent, accurate, and extensive information to ensure the Crypto Listing Service™ add-on to UbitquityPay™ exceeds the expectations of our valued global customers when we launch in July of this year. We are also excited to announce that we already have land in the Dominican Republic ready to list with one of our affiliates and their corporate partner,” added Wosnack.

The Crypto Listing Service™ will provide a collaborative environment with the responsive mobile features and comprehensive property insights homebuyers need to make timely, informed decisions when transacting in both cryptocurrency or a hybrid of their local currency (fiat). UbitquityPay’s whitelabel payment processing partnerships also ensure that their rates, often 1% or less with revenue sharing, are the most competitive in the industry.

The addition of Guaranteed Crypto Price Settlements (no stablecoin required), Merchant Integration, a live demo, new features such as 24/7/365 support, Service Level Agreement (SLA), and white glove handling of title policies and other relevant paperwork for the transaction are industry requirements that UbitquityPay™ supports.

UbitquityPay™ helps to remove the friction (i.e. 72 hour+ delays associated with Good Funds Law, fraud mitigation, intermediary costs, etc.) between title/escrow firms, insurance underwriters, and homeowners. Ubitquity works with title companies to ensure the transaction is both legal and valid. Once the transaction is complete, the cryptocurrency is stored with multiple signature wallets. The UbitquityPay™ platform instantly converts the cryptocurrency amount into fiat currency.

About Ubitquity, LLC

UBITQUITY, the leading blockchain-secured platform for real estate and title recordkeeping, offers a simple user experience for securely recording and tracking property deeds and land records. The company is partnered with academia, aviation companies, municipalities, and real estate companies. Learn about UbitquityPay™, Crypto Listing Service™, and its Affiliate Program by visiting www.ubitquitypay.com.

Ubitquity Contact:

Tatjana O’Brien, Sr. VP of Product Solutions

email: tati@ubitquity.io

tel: +1 (724) BITCØIN [248–2046]

Monitoring and management of blockchain networks

Monitoring and management of blockchain networks

Since blockchain’s inception in 2008, billions of dollars worth of investment have gone into developing applications and perfecting this disruptive technology. Blockchains’ far-reaching impact and their cutting-edge individualistic characteristics of immutability, transparency and security set them apart from its predeceasing technologies. Counting in the multiple applications of blockchain in various economy-driven sectors and problem-solving, it’s safe to say that it is “the sustainable technology of the future”. However, speaking of sustainment, like every other technology, security remains a concern for blockchain investors. The sudden spurt of crypto-based crimes has accelerated the need to enhance security systems in blockchain networks.

 

Blockchain vulnerabilities, hackers’ delight: A new wave of cryptocurrency crimes

 

When Bengaluru (India) police arrested a wanted computer hacker who was guilty of several hacking crimes, they were in for a surprise when he claimed that he, apart from a US-based couple, was involved in the infamous 2015 Bitfinex heist where an astronomical amount of bitcoins were reported stolen. Although his claims of involvement are yet to be proven, this particular incident threw a very pressing and relevant question in the crypto enthusiast’s way worldwide – How safe and reliant is blockchain technology as it claims to be?  

How do blockchains work? 

 

Blockchain is a programmed database that uses cryptography to store information. It is a decentralized and tangible network made up of multiple interconnected nodes that work in tandem to execute transactions and validate data. A blockchain enthuses trust between untrusting parties through immutability. This means multiple participating nodes verify data using various consensus mechanisms. The verified data-block is then added to the network, which is tamper-proof with a unique cryptographic signature. Thus the validated block becomes immutable due to it being time-stamped and an omnipresent record. Apart from being tamper-resistant, consistency between nodes, the blockchain’s ability to evade DDoS (distributed denial of service) attacks, double-spending attacks, 51% or majority consensus attacks and anonymity factors lend credibility and inherent additional layers of security to the blockchain systems.

 

Blockchain monitoring and management framework

 

In a blockchain network, transactions are validated by a group of nodes. As blockchain nodes play a fundamental role in the network, therefore their monitoring is crucial for the blockchain’s health. Hence, a capable framework is required for monitoring and management purposes that enable data assimilation and integration and provide an efficient graphic visualization of blockchain metrics for either one node or an entire network.

Another component that needs extensive monitoring is the DApp layer which comprises the user interface, API (application programming interface), SDK (software development kit) and data storage. Monitoring the DApp layer is crucial as it enables interaction with blockchain nodes.

 

Why do we need monitoring and managing of blockchains: The vulnerable areas for blockchain attacks

 

Even with the benign presence of the blockchains mentioned above in place, hackers still manage to find loopholes putting a massive spotlight on the vulnerabilities of distributed ledger networks. Various heists and security breaches into the systems have proven that constant monitoring and managing is not an option – it’s vital for the sustainment of the blockchain networks. In hindsight, there are five main focal points of blockchain attacks.

 

  1. Attacks on blockchain networks

 

In a peer organization such as blockchains, nodes play a starring role in the functionalities of the DLT networks. So no wonder they become the number one target of phishing incidents. The types of attacks that fall under this category are as follows.

 

  • DDoS attacks: Denial-of-service attack is a type of attack that an individual or group carries out to disrupt the services of a host connected to the internet. Through DoS, hackers usually target the application layer of a blockchain and disconnect services such as access to wallets, mining pools, crypto platforms, etc., from users. They do so by overflowing a node with superficial requests keeping users from the intended usage.

 

  • Transaction-based or double-spending attacks: The hackers try to change transaction IDs by changing the hash and broadcasting the altered ID to the network, and getting it validated through consensus. If they succeed, they have basically tricked the sender into believing the transaction has failed even though the funds have been debited during the original verification. So the sender again sends the funds straight to the hacker’s account.

 

  • 51% attack: Also known as majority consensus, a hack can occur if a hacker somehow is able to access and control 51% aka the majority of the network’s mining hash rate and create a hard fork rate, as it happened in the case of classic Ethereum when it got subjected to consensus attack in 2020.

 

  • Timejacking attack: In this type of attack, hackers reroute nodes to an alternative blockchain by changing the time counter of the node on a particular network

 

  • Crypto wallets attacks

By finding vulnerabilities in cryptographic algorithms, hackers try to attack both cold and hot wallets by either attempting phishing, which is the most common form of attack or initiating dictionary attacks by breaking a cryptographic hash.

 

 

  • Smart contracts attacks

Hackers try to alienate weak sports in the source code in a smart contract. For instance, Ethereum smart contracts running on solidity code are prone to reentrancy attacks. Additionally, EVM vulnerabilities such as immutable codes of smart contracts, which, if leveraged, can lead to a fork or crypto theft. The famous DAO attack happened when a hacker found a defect in the smart code and stole $3.6 million worth of Ether. Missed modifier bugs and short address/parameter attacks are hacks that target faulty codes to gain access to the functionalities of smart contracts.

 

 

  • Mining pool attacks

Often miners, especially in the case of bitcoin miners, put their resources together to create jointly-owned mining pools for increased awards. However, miners with nefarious intent advertently exploit and manipulate consensus mechanisms to increase their profit share by resorting to activities like selfish mining and block withholding.

 

 

  • Sybil and Routing attacks:

Sybil attack is when an individual controls two or more points or nodes in a network. Through Routing attacks, hackers create some sort of fork within a network forcing the creation of a parallel blockchain. In such a case, nodes within one fork or component are unable to communicate with the other node within another fork. This way, hackers create delays in block delivery.

 

The hacks, as mentioned above, can disrupt the security of blockchain networks causing massive monetary losses to the investors. Therefore constant and rigorous vigilance of blockchains by analysis software companies must be their priority. The following are the core monitoring principles that all blockchain companies should implement.

  • Constant vigilance: Look out for suspicious activities following certain out-of-place events that may or not be hostile. Instances such as failed login attempts, rise in transaction failure, unforeseen spikes or dips in transaction volume, transactions time-stamped outside of business hours, and increased unauthorized users warrant thorough investigation.

 

  • Building multi-layer security systems: Although blockchains at heart are trustworthy institutions, nothing is impenetrable in the internet world. Given the sheer size of the network and volume of transactions, blockchain security providers must look to develop security systems that are capable of issuing real-time security alerts when detecting anomalies in the network to save time and effort in pinpointing loopholes in systems.

 

  • Develop auditable records of data: To better understand information on blockchain for auditing purposes, it is feasible to use tools that collect viable data cost-efficiently and in a timely manner.
  • A visual representation of blockchain data: In order to monitor blockchain activities effectively, it makes sense to have a visual or graphical depiction to get a concise analysis of blockchain data.
  • A visual representation of blockchain data: In order to monitor blockchain activities effectively, it makes sense to have a visual or graphical depiction to get a concise analysis of blockchain data.

 

  • Blockchain third-party dashboards: Whether you seek real-time data reports, monitor node’s health, access and track transactions or validate transaction’s sanctity, development and access to such dashboards can considerably help with blockchain management.

 

Countering crypto attacks with blockchain analysis tools

 

Investors lost around $14 billion worth of crypto assets to various thefts, frauds, and scams in 2021. With wide-ranging possibilities of cyber-attacks on blockchain systems monitoring blockchains has become the priority to retain investors’ trust. Therefore, there is a need for blockchain analysis tools which are exclusive software that monitors, manages and analyses and provides a visual representation of blockchain applications while keeping a check on all its activities to fish out unlawful ones.

 

What is blockchain analysis?

 

Blockchain analysis is a process that analyzes and monitors blockchain elements such as blockchain addresses and transactions to track behavioral patterns of various network participants. It is imperative for blockchain-dependent organizations to use blockchain analytics software to maintain compliance and avoid any vulnerability to illegal actors. These softwares are the need of the hour as they help tackle crypto-based crimes, manage associated risks, and implement regulatory compliance. Their most popular applications are Anti-money Laundering (AML) and Know-Your-Customer (KYC), with a core use case of transaction tracking back to the point of origins while underpinning fraudulent ones.

Blockchain analysis software comprises of following functionalities:

 

  • Address classification: The most commonly used tool connects physical-world identities to the blockchain address. These softwares are also the most indispensable tools to make sense of identity analysis. They are the phase one of the blockchain analysis

 

  • Transaction tracking and risk assessment tools: Next in line are the tools that keep track of all institutional transactions and access risks based on the fund’s inception, movement and senders/receiver’s history while duly assigning a risk score to every transaction

 

  • Investigation compliance tools: The third phase requires investigation software that provides visualization tools for the manual investigation of blockchain addresses and transactions. At this point, graph visualization has a vital role in investigating compliance with transaction representation

 

How do these analysis tools monitor blockchains?

 

There are various techniques and tactics to understand the nature of the threat and nip it at its bud.

  • Web Scraping to analyze data from crypto market sources and track changes in prices and safehold extracted data so one can promptly react when prices reach the brink
  • Clustering algorithms to identify blockchain entities
  • Scam database monitoring
  • Dust attacks (a hack in which scammers send a minuscule amount of tokens to targeted accounts and access transactional activity of that particular wallet. After a dedicated analysis, hackers try to deanonymize the wallets owner’s identity)

 

Why is blockchain analysis software required, and what are their use cases

 

Companies use Regulatory Technology, commonly known as RegTech, to adhere to the set regulatory norms and blockchain analysis tools help achieve those. The idea is that these tools help mitigate risks and ensure that the blockchain networks comply with regulatory norms.

The following are the most popular use cases of analysis tools.

 

  • Compliance: Blockchain service providers avail analysis software services providing risk minimisation and monitoring tools to ensure AML/CFT compliance. These tools aim to keep fraudsters from using blockchain-based services. The software helps companies keep up with the regulatory terms and standards as per their jurisdictions. These tools track every transaction and access risks associated with it, thus curtailing fraudulent activities.

 

  • Investigations and surveillance: Blockchain analysis solutions have a key role in investigations of crypto-based crimes. However, a lot depends on how meticulously KYC has been implemented by any blockchain service provider, which would further help identify scammers. Additionally, a robust visualization tool can help with manual surveillance by using various clustering solutions.

 

  • Money tracking: There is an ocean of money flowing through blockchain platforms, and tracking every movement is not an easy task. Money tracking software helps segregate genuine transactions from false ones and enforce risk assessment.

 

To conclude

 

The crypto crime ratio is in direct proportion to the growth of blockchain platforms. Therefore it is vital to monitor and manage blockchains with the help of blockchain analysis software. There is an unprecedented demand for this technology, which has skyrocketed over recent years. And who better than Zeeve, a leading name in blockchain development and management to provide optimum tools to protect businesses’ interests. Our advanced integrated system is especially designed to keep criminals out of systems while safeguarding the assets of genuine users. Additionally, analytics tools also help government authorities nab crypto fraudsters, as we have seen in the case of Bifinex theft and many other such cases.

El Salvador Talks Crypto with Policy Makers in Washington

On May 26, 2022, Ambassador Milena Mayorga of El Salvador will address a gathering of 600 innovators, public-sector administrators, legislators, and executives in Washington, DC. She will be sharing the experiences of El Salvador regarding the adoption of Bitcoin as legal tender. Her country leads the world in the national adoption of cryptocurrency.

That evening Ambassador Mayorga will be meeting with government blockchain leaders from more than:

  • 23 Nations
  • 39 US Government Offices
  • 18 State & Local Government Offices

The event is hosted by the US House Congressional Blockchain Caucus and the Government Blockchain Association (GBA). For more information about the event visit www.bit.ly/bseg22-schedule or send an email to events@GBAglobal.org

.

UBITQUITYPAY ADDS DEMO, MERCHANT INTEGRATION, AND NEW FEATURES TO ITS CRYPTOCURRENCY REAL ESTATE PLATFORM

UBITQUITYPAY ADDS DEMO, MERCHANT INTEGRATION, AND NEW FEATURES TO ITS CRYPTOCURRENCY REAL ESTATE PLATFORM

 

Ubitquity, the innovative leader in the blockchain, title, and real estate space has announced a demo, merchant program, and new features to its UbitquityPay platform.

FOR IMMEDIATE RELEASE

Wilmington, Delaware, USA — April 13, 2022 — Ubitquity, the leading enterprise blockchain-secured platform for real estate and title recordkeeping, is excited to announce that it is accepting demo sign up, merchant integration requests, in addition to important new features to its UbitquityPay platform.

UbitquityPay allows a counterparty to send a payment in 120+ cryptocurrencies and then immediately exchange that payment into any nation’s government-issued fiat currency. UbitquityPay is an easy and safe way to accept cryptocurrency and fiat currency payments that pertain to residential and commercial real estate transactions.

“We are thrilled about the massive progress that we have made with UbitquityPay over the last week. I have no doubt that we can now proclaim that UbitquityPay is the most innovative, affordable, and lucrative cryptocurrency and real estate platform in the world,” said Nathan Wosnack, Founder & CEO of Ubitquity LLC.

“The addition of Guaranteed Crypto Price Settlements (no stable coin required), Merchant Integration, a live demo, new features such as 24/7/365 support, Service Level Agreement (SLA), and white glove handling of title policies and other relevant paperwork for the transaction are industry requirements that we are certain will exceed the expectations of our customers,” added Wosnack.

UbitquityPay helps to remove the friction (i.e. intermediary costs, 72 hour+ delays associated with Good Funds Law) between title/escrow firms, insurance underwriters, and homeowners. Ubitquity works with title companies to ensure the transaction is both legal and valid. Once the transaction is complete, the cryptocurrency is stored with multiple signature wallets. The UbitquityPay platform instantly converts the cryptocurrency amount into fiat currency.

 

Demo Sign Ups

Prospective customers from the title/escrow industry, real estate insurance underwriters, banks, Emissary Program candidates, and investors can now request a demo by visiting the UbitquityPay Demo Request page.

 

120+ Cryptocurrencies

The UbitquityPay Cryptocurrencies list now includes 120+ fully alphabetized coins (including stable coins) and tokens with their appropriate logos, with hyperlinks to their corresponding CoinMarketCap profiles. Learn more by visiting the UbitquityPay Supported Cryptocurrencies page. Ubitquity’s infrastructure partners ProtonChain (XPR) will be added soon, in addition to VeChain (VET); ETA May 2022.

 

Merchant Integration via API and SDK

Online merchants can now integrate directly into UbitquityPay’s API (Application Programming Interface) and SDK. An SDK or Software Development tool Kit, is a set of software tools and programs provided by hardware and software vendors that developers can use to build applications for specific platforms. A one-time set up fee will be charged for Merchant Integration. Merchant Integration is available for companies using Kraken or Okcoin cryptocurrency exchanges, Dwolla (a FinTech company that provides businesses with a connection to the ACH Network or RTP® Network), and their own software that requires custom integration.

 

Emissary Referral Update

As part of the Emissary Program, Ubitquity will pay out between 0.20% — 0.25% of the entire gross sales transaction. Agreements are in place for individuals and companies looking to take advantage of this lucrative program. Ubitquity now has an Emissary Program sign up form available here.

 

New UbitquityPay Features

New UbitquityPay features include: Guaranteed Crypto Price Settlements (no stable coin required), 24/7/365 Technical and Billing Support and a Service Level Agreement (SLA) in order to ensure speed and reliability for all cryptocurrency-enabled (and hybrid fiat/cryptocurrency) real estate transactions. Lastly Ubitquity added white glove handling of title policies and other relevant paperwork for the transaction. For a full list of features, visit the UbitquityPay Features page.

Software development is actively happening and will be expedited as the current Ubitquity’s Wefunder Campaign closes over the near term. Learn more about how to commit to their fledgling equity crowdfunding (Reg CF) and Reg D side-by-side investment, which New York City-based 44 Capital Management is now leading, visit Ubitquity’s Wefunder campaign page at www.wefunder.com/ubitquity.

 

About Ubitquity, LLC

UBITQUITY, the leading blockchain-secured platform for real estate and title recordkeeping, offers a simple user experience for securely recording and tracking property deeds and land records. The company is partnered with academia, aviation companies, municipalities, and real estate companies. Learn about UbitquityPay by visiting www.ubitquitypay.com.

Ubitquity Contact:

Tatjana O’Brien, VP of Marketing

email: tati@ubitquity.io (cc: IR@ubitquity.io)

tel: +1 (724) BITCØIN [248–2046]

Some necessary disclosures:

1. No money or other consideration is being solicited. If sent, it will not be accepted;

2. No offer to buy securities will be accepted and o part of the purchase price will be received until a Form C is filed and only through Wefunder’s platform

3. Any indication of interest involves no obligation or commitment of any kind.

Read Testing the Waters Legal Disclosure: https://help.wefunder.com/en_US/testing-the-waters-legal-disclosure

UBITQUITYPAY ADDS 120+ CRYPTOCURRENCIES, COMPETITIVE TRANSACTION FEES, AND A REVENUE SHARING PROGRAM TO ITS INNOVATIVE PLATFORM

Ubitquity, the innovative leader in the blockchain, title, and real estate space has added new cryptocurrencies, fees at 1% or less of the total real estate transaction, and a lucrative revenue sharing program.

FOR IMMEDIATE RELEASE

Wilmington, Delaware, USA — April 3, 2022 — Ubitquity LLC, the leading enterprise blockchain-secured platform for real estate and title recordkeeping, is excited to announce that it has officially added 120+ cryptocurrencies, competitive transaction fees, and publicly disclosed revenue sharing via its Emissary Program to its innovative global platform.

UbitquityPay allows a counterparty to send a payment in any cryptocurrency and then immediately transfer that payment into any nation’s government-issued currency. UbitquityPay is an easy and safe way to accept cryptocurrency and fiat currency payments that pertain to residential and commercial real estate transactions.

“I am thrilled to announce three major improvements to the UbitquityPay platform. Ubitquity has always been an inclusionary company. I am pleased that we now offer over 120 cryptocurrency options, competitive fees, and a referral program,” said Nathan Wosnack, Founder & CEO of Ubitquity LLC.

“Now, for the first time, companies and individuals can benefit from cryptocurrency real estate transactions through our Emissary Program. Sharing the wealth and compensating those who are putting their trust in our platform is the only fair way to operate,” added Wosnack.

UbitquityPay helps to remove the friction between real estate companies and homeowners. We work with title companies to ensure the transaction is both legal and valid. Once the transaction is complete, the cryptocurrency is stored with multiple signature wallets. The UbitquityPay platform instantly converts the cryptocurrency amount into fiat currency.

Emissary Referral Program

As part of the Emissary Program, Ubitquity will pay out between 0.20% and up to 0.25% of the entire real estate transaction for title/escrow, underwriter, REALTOR®, real estate agent, or any third party, including individuals who refer Ubitquity deals. A buyer and seller must be willing to transact in cryptocurrency or a hybrid of cryptocurrency and fiat currency (local government currency). Ubitquity has several title/escrow company partners in the United States and Canada who can help facilitate the transaction in a legally compliant manner.

Competitive Fees

Fees on UbitquityPay are 1% for standard cryptocurrency and hybrid transactions that involve cryptocurrencies and fiat currency (i.e., US Dollar). UbitquityPay fees can be reduced depending on the total real estate transaction size. For $5MM or larger transactions, UbitquityPay will reduce the fees to as low as 0.97%.

UbitquityPay features include a Blockchain Explorer preview of funds, Collection and Disbursement of Funds, Complete Transparency, Escrow Theft Mitigation, No chargeback/clawbacks of funds, Next-Day Settlements, dozens of cryptocurrencies supported, Trusted Custodial Wallets.

UbitquityPay offers Next-Day Crypto Real Estate Settlements. With the click of a button, the title and escrow industry can disburse settlement funds to all counterparties to a real estate transaction securely, instantly, and immutable with complete transparency.

Fraud Mitigation. Through our network of crypto banks, approved title insurance underwriters, and trusted custodial wallets, which comply with KYC/AML requirements, you can rest assured that all cryptocurrency funds are verified and traceable within each transaction. UbitquityPay’s payment providers have full SOC2 Certification as well.

UbitquityPay has several partners to ensure that it is successful. Rainier Title, a Washington State-based title and escrow firm, among other firms joining in the coming weeks.

About Ubitquity, LLC

UBITQUITY, the leading blockchain-secured platform for real estate and title recordkeeping, offers a simple user experience for securely recording and tracking property deeds and land records. The company is partnered with academia, aviation companies, municipalities, and real estate companies. Learn about UbitquityPay by visiting www.ubitquitypay.com.

Ubitquity Contact:

Tatjana O’Brien, VP of Marketing

email: tati@ubitquity.io

tel: +1 (724) BITCØIN [248–2046]