The UTU Update - June 2021

We partnered with Ocean Protocol, got the BSC-to-Ethereum direction of the bridge working, did a bunch of Trust Guardian interviews, and more in June 2021!

UTU Trust Guardians,

Welcome to the June 2021 edition of the UTU Update!

Let’s jump right into all the happenings over the last month!

You can view the UTU Update in video form here:

Tech and Product Updates

We released a new version of the Trust API/SDK! This new version includes enhancements to the video reviews feature and other design improvements. We continue to integrate the Trust API with our pilot partners, and hope to go live with some of them soon. 

Regarding the UTU protocol testnet, we made significant progress on the UTU Trust Token functionality and integrating trust oracles into our Trust API. But due to the recent Aeternity hard fork, we will have to make significant changes to the testnet. We will publish more details in our upcoming roadmap update. 

We made a bunch of upgrades to our M-PESA Parser, which allows our customers in Africa to easily extract important information from mobile payment statements. We’ve started building the ability to extract data from business statements (in addition to personal statements), and extended our capabilities to allow bulk upload of data, which is critical for some of our pilot clients. 

Finally, we are putting the finishing touches on our Creditworthiness API, which will launch soon!

Ocean Protocol Partnership

We scored a huge partnership with Ocean Protocol to integrate our trust infrastructure into their data marketplace, Ocean Market!

We will provide trust signals for data providers, data consumers, datasets, and other entities on Ocean Market, and users will be able to rate and review each of these entities as well. 

We’ll be building various web apps and widgets on both Ocean Protocol and Polygon to deliver our trust signals. Fees for software development and UTU API usage will be funded by the Ocean Protocol Foundation, and the bulk of the work will be completed by Q4 2021.

This will accelerate our product development immensely!

Read all the details about the partnership here.

We migrated the UTU-ETH liquidity pool to Uniswap v3

We have migrated our UTU-ETH liquidity pool to Uniswap v3, and if you’re a liquidity provider for v2, we highly recommend you do the same. 

Read our blog post about how to migrate your liquidity and the changes that come with the upgrade to Uniswap v3.

The UTU BSC-to-Ethereum direction of the bridge is now live

The UTU on BSC to Ethereum direction of the Meter Passport bridge is now working!

Upon the initial launch of the bridge, we ran into some issues with the minter/burner functions in the contract, and now those issues have been fixed so you can now port UTU between Ethereum and BSC in both directions. 

Read our tutorial on how to use Meter Passport to port $UTU between Ethereum and BSC in both directions. 

Trust Guardian Interviews

We ramped up our Trust Guardian interview series this month! 

We did 3 interviews with our partners, including conversations with:

Blog post – 8 Actionable Ways to Build Customer Trust In Your Business

Customer trust is the lifeblood of your business. Without trust, your customers will flock to your competition. 

Read our latest blog post to learn more about customer trust, its impact on your business, and how to build it for the mutual benefit of your business and customers.


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

Thanks for your support, Trust Guardians!

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