UTU and Oasis will work together to bring UTU’s Trust Infrastructure to Oasis’ privacy-focused blockchain.
Hello UTU Trust Guardians!
We are excited to announce that we have partnered with Oasis Foundation to launch our trust infrastructure on the Oasis Network!
The Oasis Network is a privacy-enabled blockchain platform for open finance and a responsible data economy. The platform aims to bring privacy and scalability to DeFi by enabling private smart contracts, high scalability, and the ability to tokenize data. The network’s combination of confidential computing and blockchain technology allows users to control how their sensitive information is consumed by the services they use.
The Oasis Network’s goals of improving DeFi by adding scalability, privacy, and user-controlled data fits perfectly with ours.
By deploying our trust infrastructure on the Oasis Network, UTU’s trust and credit scoring oracles can be incorporated into DeFi applications built on Oasis. This will allow these apps to better assess users’ creditworthiness and enable more undercollateralized lending.
Applications built on the Oasis Network will also be able to integrate our AI-powered recommendation and reviews engine to increase conversions and network effects.
All of this will be done with data privacy front and center. Oasis and UTU will work together to ensure that users have full control over the information that they share with applications they use, and that they are rewarded for their data and activity.
Oasis and UTU will also investigate building out a cross-chain ecosystem to facilitate the movement of users’ trust data across multiple blockchains.
“Oasis is very excited to bring UTU to the Oasis Network”, said Luca Cosentino, DeFi Product Lead at Oasis. “This partnership opens up even more use cases on the Oasis Network: developers will be able to use UTU’s Trust API to integrate personalized recommendations for DeFi apps, sharing economy apps, and much more.”
“We love what the team at Oasis is building, and their focus on data privacy and enabling a better, more scalable DeFi environment fits so well with UTU’s philosophy. We have long talked about the need to transform privacy from settings into features, and this partnership fast forwards that vision. We can’t wait to deliver better trust for all the applications built on the Oasis Network.”
-Jason Eisen, Co-Founder and CEO of UTU
About Oasis Foundation
The Oasis Foundation (www.oasisprotocol.org) is an organization supporting the development and ecosystem surrounding the Oasis Network. The Oasis Network is the first privacy-enabled blockchain platform for open finance and a responsible data economy. Designed to give users back control and ownership of their data and financial sovereignty, the Foundation’s mission is to enable projects, developers and community members who seek to realize this vision. To learn more about the Oasis Network go to oasisprotocol.org or follow the Foundation on Twitter or Telegram.
UTU’s mission is to become the trust infrastructure of the entire internet, replacing anonymous star ratings, reviews, and scores as the de facto trust mechanisms of our digital lives. We do this in service of our vision — to bridge the gap between how we trust in real life and how we are asked to trust online to make the internet a safer, more trusted place to gather, share, work, and trade. We are proudly based in Nairobi, Kenya.