- Ubitquity is a blockchain-as-a-service (BaaS) provider founded by CEO Nathan Wasnack.
- The company recently finalized a partnership with the leading blockchain network VeChain and has decided to build products on the VeChain Thor platform.
Leading BaaS provider Ubitquity has announced via a blog post that it has partnered with the VeChain network to develop new products on the public VeChain Thor blockchain. This move comes hot on the heels of the firm launching Aeroporia, an Ethereum based blockchain platform to cater to the aviation industry and plans for its integration with VeChain.
Founder and CEO of Ubitquity, Nathan Wasnack, has said in a tweet that he and the company’s stakeholders were very optimistic about the possibilities the partnership had to offer. While imparting glowing praise on VeChain, he also said that the first product to be developed out of this partnership was for Rainier Title, a long-standing client of the company. The firm was contracted by Rainier to issue tokenized property titles which in turn allows their clients to exploit new opportunities arising out of fractionalized property ownership. Rainier CEO Bill Bergschneider also seemingly shared Nathan’s optimism. The new product to be developed is understood to make use of the VeChain Toolchain framework, a plug-and-play blockchain service for business, to aid in tokenizing property titles on the VeChain Thor public blockchain.
VeChain’s continuing success
VeChain has continually increased its footprint in the crypto realm in the recent past. This latest association is one among a long line of earlier enterprise adoptions the network has accumulated over the past year alone. Some examples include Yizhiji, a Franco-Chinese cosmetics firm; Hydro, an aluminum industry titan based in Norway and Puff Bar, a leading vape firm headquartered in the US.
The firm’s recent moves have led some to reckon that VeChain may be the next AWS of the industry. Amazon Web Services (AWS) had completely changed the software-as-a-service (SaaS) landscape upon its inception and VeChain also aims to emulate the same in the blockchain realm. The general manager of VeChain operations in the US, Jason Rockwood commented that the recent milestone is a monumental one as Ubiquity’s API solutions have tremendous potential for larger use-case adoption.
Though the success of the partnership is yet to be seen, Ubitquity reported that web traffic on its home pages had reached unprecedented levels after the partnership was announced, signaling a positive public perception.
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