The UTU Update — April/May 2022

Strong UTU Protocol TestNet traction and improvement. We announced the Africa DeFi Alliance and partnered with Evai and Open Fabric; opened up our product roadmap.

TestNet Traction Improvement and Incentives Program

Testnet adoption has been great, and we’ve been collecting and reviewing all the feedback. We combined it with our own ideas for further improvements, and released some of them and are working on more.

Ocean

With Ocean V4 imminent things are heating up for UTU’s ocean integration. Functionally, we can make use our Twitter and Telegram connections which we integrated for testnet. And we developed a new collaborative filtering approach based on users’ data asset and DeFi Protocol usage, and their token holdings, which we expect to also prove useful in other web3 use cases.

Decentralization — Open Roadmap

We took one of a number of key steps in the decentralization of UTU’s operations in April with the opening of our roadmap for the community to start proposing their own ideas and discussing, refining what the team has come up with. You can get in on the action at https://roadmap.utu.io/

Partnerships

Africa DeFi Alliance:

UTU launched the Africa DeFi Alliance with the audacious goal of moving $100B in working capital into the continents’ MSMEs at transformational rates. This one has been a game changer with more than 40 projects and companies of all sizes from all over the world reaching out to join us, including global credit card companies, pharmaceutical giants, large scale energy distributors, manufacturers, fintechs, blockchains, and so many others.

OpenFabric:

We partnered with Openfabric, which is a platform for building and connecting AI-Apps, an ecosystem where everyone has quick, easy, low-cost, and hassle-free access to powerful AIs. We will integrate our trust infrastructure into OpenFabric’s AI marketplace, explore ways to use the AI models on Openfabric’s platform for UTU’s data modeling needs, and explore the sharing of data between our platforms in a privacy-preserving manner. This is going to be a big win-win for both organizations and our users. Read all about it here!

Evai:

UTU also partnered with Evai.io whose team have developed a proven AI and machine learning technology that continually evaluates over 1,000 cryptoassets and awards them unbiased ratings from A1 down to U. UTU and Evai.io will reciprocally share our signals with each other to enable comprehensive trust for end users as they try to make the best informed decisions about digital assets.

  1. Making Evai’s signals available via the UTU Trust API and DeFi Portal
  2. Making UTU Signals available in the Evai Dashboard

See Bastian live at #BOS22 in Berlin on June 9!

Bastian will be speaking at the Blockchain Oracle Summit in Berlin on Jun 7–9. It will be on a panel at on 9th, 5pm CET, on “Oracle Use in DeFi; How to Ensure Trust in a Trustless World?”. A very fitting topic for us of course, looking very forward to that! Sign up here.

Conclusion

We hope you enjoyed this UTU Update! Stay tuned for more exciting news to come about testnet.

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To learn more about UTU, visit us on our website, Twitter, Telegram, Discord, LinkedIn, Reddit, YouTube, Facebook and Instagram.

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Bridging the gap between how we trust in the real world, and how we are asked to trust online. utu.io