Ocean Market go introduce ratings & reviews thanks to UTU’s trust infrastructure
UTU’s AI-driven trust infrastructure to build comprehensive profiles on data providers, data consumers and data sets in Ocean Market
UTU’s vision na to make the internet a safer, more trusted place to gather, share, work, and trade. Hin AI-driven trust infrastructure fit ingest the activity of Ocean Market data providers, data consumers, datasets, and other entities to build comprehensive profiles. Additionally, Ocean Market users go dey able to rate and review each of these entities. All of this data go dey dynamically analyzed to create a trust score for each entity. E dey use blockchain to reward trustworthy actors and to ensure reviews and ratings no fit be manipulated.
Four components wey UTU go build with Ocean, on both Ethereum Mainnet and Polygon na:
A standalone web app wey rates Ocean data assets and accounts;
A widget wey incorporates ratings directly into the Ocean Market;
A curation engine wey recommend the most relevant data assets and accounts to Ocean Market users;
Updates to all of the above once Ocean v4 is released.
This partnership go lead to increased platform trust and transparency, wey go reduce friction in transactions, help users easily discover quality datasets from trusted data providers to either use for data analysis or stake, avoid pool rug pulls and other malicious activity, and more. Fees for software development and UTU API usage go dey funded by the Ocean Protocol Foundation, and the bulk of the work go dey completed by Q4 2021. We go also explore ways to fit share data between our platforms in a privacy-preserving manner.
Ocean Protocol’s mission na all about creating a trustless system for sharing data, so we dey very excited about our joint venture with UTU. It dey allow good actors on Ocean Market to display the trust they don earn in the marketplace, wey in turn go incentivize others to trust those actors again and again — a virtuous cycle of transparency and trust without centralized intermediaries.
– Manan Patel, Growth Accelerator at Ocean Protocol
The UTU protocol dey compensate users to provide accurate ratings and reviews, and to share their data with the UTU platform. The collaboration go make am easier for UTU users to further monetize their data on Ocean Market by becoming a data provider; users go retain full control over what data to share with either platform, the kind data them go like to monetize, and how e go dey used.
UTU and Ocean Protocol share the beliefs that 1) data na new asset class and 2) data privacy dey of utmost importance. We don study their data models in the past and dey impressed by the ecosystem wey them build. This na why we dey so excited to partner with them to increase trust in their data marketplace and to facilitate data sharing between our platforms in a privacy-preserving way. This partnership dey particularly exciting for us as I remember Trent giving a small talk to our incubator cohort at Zeroth AI back in 2018 and think sey an UTU-Ocean collaboration go be massive validation and use case for our model — 3 years to come full circle on this.
– Jason Eisen, Co-Founder and CEO of UTU
We go explore additional ways to share data between our protocols:
Putting publicly-available, on-chain UTU data (such as endorsements, transactions, and more) on Ocean Market.
Purchasing datasets on Ocean Market wey fit be helpful to the UTU protocol.
Analyzing who provide and consume which datasets, and who provide liquidity on which datasets on Ocean (using the staking/curation mechanism) to derive UTU recommendations and feedback.
About Ocean Protocol
Ocean Protocol’s mission na to kickstart a new Data Economy wey reach the world, to give power back to data owners and enable people to capture value from data to better our world.
Data na new asset class; Ocean Protocol go unlock its value. Data owners and consumers go use the Ocean Market app to publish, discover, and consume data assets in a secure, privacy-preserving fashion.
Ocean datatokens dey turn data into data assets. This go enable data wallets, data exchanges, and data co-ops by to leverage crypto wallets, exchanges, and other DeFi tools. Projects dey use Ocean libraries and OCEAN in their own apps to help drive the new Data Economy.
The Ocean token dey used to stake on data, to govern Ocean Protocol’s community funding, and to buy & sell data. Its supply dey disbursed over time to drive near-term growth and long-term sustainability. OCEAN dey designed to increase with a rise in usage volume.
Visit oceanprotocol.com to find out more.
UTU dey build the trust infrastructure of the internet to help businesses and consumers engage and transact for easier, safer, and more trustworthy way.
Our AI-based API products go collect and analyze data to create trust signals and personalized recommendations go help consumers and businesses make the best decisions for their situation. And the UTU blockchain protocol go reward users for trustworthy actions and compensate them for sharing their data while protecting their privacy.
UTU go change the economics of trust, ensure sey trust fit dey bought or manipulated, and leverages data to help people make better decisions.
We dey proudly based in Nairobi, Kenya.