We will work together to launch the UTU trust infrastructure on the BDP Data Market and explore ways to improve data provider onboarding and data sharing.
Hi UTU Trust Guardians!
We are excited to announce that we’ve partnered with Big Data Protocol to deploy our trust infrastructure on their data marketplace and explore data sharing between our protocols.
What is Big Data Protocol?
Big Data Protocol (BDP) is a DeFi protocol and data marketplace to source commercially valuable data from professional data providers, tokenize it, and make it liquid. The team is leveraging an existing ecosystem of data providers through its relationship with Amass Insights, the industry’s biggest alternative data marketplace.
How will UTU and Big Data Protocol work together?
First, we will work together to integrate the UTU Trust API on BDP Data Market to create trust signals for and personalized curation of data providers, buyers, and datasets to increase conversions.
UTU’s AI-powered trust infrastructure will ingest the platform activity of these entities and build comprehensive trust signals for each of them. BDP users will also be able to rate and review these entities, which will provide additional data to help generate more accurate trust signals.
This will increase the trust and transparency of the BDP Data Market and reduce friction in transactions. Using UTU’s curation capabilities, BDP users can easily discover quality datasets from trusted data providers to use for data analysis.
Secondly, we will explore ways to use the Trust API for BDP’s data provider vetting.
Before allowing data providers onto the BDP Data Market, the BDP team performs a thorough assessment of each provider based on their reputations, quality of their datasets, and other factors. UTU and BDP will collaborate on ways to make this vetting process more automated and efficient.
Lastly, we will explore ways to share data between the two protocols. Data from BDP’s ecosystem of over 16,500 professional data providers can be leveraged for the UTU protocol to improve our trust models. And we will work with BDP to make it easier for you to further monetize your data by becoming a data provider on BDP Data Market in a privacy-preserving manner.
“UTU has built products that are a great fit for the Big Data Protocol ecosystem and highly complementary to our efforts at establishing big data as an asset class and democratizing access to data that previously only hedge funds and other financial institutions could use. Increasing trust in the datasets and data providers in the BDP Data Market is a critical function that the UTU trust infrastructure can enhance.— Peter Chen, Co-Founder of Big Data Protocol
“We are excited to work with Big Data Protocol to increase trust in their data marketplace. This will advance our shared mission to improve quality and privacy in data sharing, similar to our previous partnerships in the new global data economy. This is one more step in our quest to make the internet a safer, more trusted place to gather, share, work, and trade. We can’t wait to start working together with the BDP team.”— Jason Eisen, Co-Founder and CEO of UTU
We are excited to work with Big Data Protocol to increase trust in the BDP Data Market and in the data economy as a whole!
About Big Data Protocol
Big data is a highly valuable but illiquid asset. Big Data Protocol is a DeFi protocol powering a Web 3.0 data marketplace. The Protocol tokenizes commercially valuable data through a network of 16,500 professional data providers and makes the data token liquid on Uniswap. Users earn data by providing liquidity to data tokens. The team has built the industry’s largest alternative data marketplace, founded in 2015 (Amass Insights).
UTU is building the trust infrastructure of the internet to help businesses and consumers engage and transact in an easier, safer, and more trustworthy way.
Our AI-based API products collect and analyze data to create trust signals and personalized recommendations that help consumers and businesses make the best decisions for their situation. And the UTU blockchain protocol rewards users for trustworthy actions and compensates them for sharing their data while protecting their privacy.
UTU changes the economics of trust, ensures trust can’t be bought or manipulated, and leverages data to help people make better decisions.
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