UTU and HYVE Partner to Increase Trust in the Global Workforce Industry
We will work with HYVE to integrate our Trust API and UTU Coin into their platform.
We are excited to announce that we’ve partnered with HYVE to help increase trust in and solve the inefficiencies of the multi-billion dollar workforce industry!
HYVE is a community-governed ecosystem that solves the current problems in the global multi billion freelance and workforce market, leveraging the power of decentralized technologies while adding new features and mechanics that are non-existent on any current platform.
Here is a taste of what the HYVE platform can do:
- Allows its users to find full-time jobs, freelance projects, or other entrepreneurs looking to work together.
- Compensates its token holders with 100% of the revenue that it generates through project fees.
- HYVE is infrastructure, so developers can build their own freelancing platforms and other Dapps on top of Hyve.
The workforce industry is an important market for UTU, so we are thrilled to work with HYVE and their innovative approach to solving the sector’s problems.
Our Trust API will be integrated into the HYVE platform so its users can more easily find and connect with companies, projects, and other users that match their skillset, personality, and culture. Users can also use our ratings engine to review and assess the quality of the people and companies they work with.
Our Trust API can also be accessed by developers who build on HYVE to incorporate ratings, reviews, and recommendations into their Dapps. Additionally, DeFi applications integrated with HYVE can use our trust and credit scoring models to better assess creditworthiness.
Finally, HYVE users can pay for tasks and services using UTU Coin, further increasing the adoption of the UTU protocol.
As you can see, there are plenty of ways we’ll work together. Nonetheless, we’ll still explore and experiment with other ways we can integrate.
We are thrilled to work with HYVE to increase trust in the workforce space!
“We think that UTU is a great first example of an integration partner, in a lot of ways apps like UTU are exactly why we decided to open up the platform to dApps. Blockchain is still in its infancy and no one can build everything, so allowing projects to plug into one another is what I think will enable widespread adoption. We are excited about what UTU is building and are looking forward to working together”
-Tudor Stomff, HYVE CEO
“We love the unique approach that HYVE is taking to solve the big problems that the workforce industry faces. Trust is such an important part of working together, and there’s so much UTU and HYVE can collaborate on to increase trust for their users and the workforce sector as a whole. That’s why we are really excited about this partnership and are ready to get to work.”
-Jason Eisen, Founder and CEO of UTU
About HYVE
HYVE is a DeFi-centric autonomous ecosystem that solves the current problems in the global freelance and workforce market, leveraging the power of decentralized technologies while adding features that are non-existent on any current platform (centralized & decentralized). The result is a community-governed system that drastically brings down costs for all parties involved, offers wider flexibility, cuts out the middleman, welcomes the unbanked, provides transparency and ensures safety, all in a decentralized manner while rewarding token holders.
Learn more at hyve.works.
About UTU
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.
Learn more about us on our website, Twitter, and Telegram.
