">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Monday, January 25, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Blockchain

Kenya’s UTU Technologies joins ÆTERNITY Ventures Starfleet Incubator to take AI & blockchain mainstream

Milcah Lukhanyu by Milcah Lukhanyu
3 years ago
in Blockchain, Startups
5 min read
0

UTU Technologies has joined ÆTERNITY Ventures as part of ÆTERNITY Starfleet Incubator to deliver its proprietary trust recommendations to decentralized applications including its flagship operation in Kenya, MARAMOJA transport.

The machine-learning algorithm optimized for trust, aims to disrupt the ubiquitous systems of anonymous star ratings and reviews that currently serve as internet users’ best means of discerning trustworthiness of service providers contracted through apps and digital platforms.

According to UTU CEO Jason Eisen, “Blockchain is an incredible avenue for UTU to deliver its value proposition around trust. It lets us tokenize the acquisition of users and data; create safe, private data refuges to let people securely store and govern access to their data; and create monetary incentives for people to endorse their favorite service providers and find trusted service providers within their networks. We also feel that ÆTERNITY is the perfect partner to help bring these services to market given their strong technology infrastructure, incredible team, and network.”

UTU’s model of trust is based around the real human experience of trust, built around relationships and augmented by contextual understanding of the world around us.

UTU and ÆTERNITY’s relationship grew out of a chance encounter at the World Blockchain Summit, hosted in Nairobi in May 2018. UTU was honored to be invited to join the first cohort of ÆTERNITY Ventures’ Starfleet Blockchain Incubator in Sofia, Bulgaria in early June.

UTU joined 17 other innovative blockchain startups, including two others from Africa, for what ÆTERNITY Ventures dubbed as Genesis week, an intense week of learning. UTU was further humbled to be included among the 10 companies from the cohort selected to continue working with ÆTERNITY Ventures. UTU will travel back to Sofia to present at the ÆTERNITY Ventures Starfleet Demo Day on July 14, to be attended by leaders from across the crypto world.

READ  KiaKia is Providing Quick Loans to Businesses and Individuals in Nigeria

The Æternity Ventures team is also excited about working with UTU. Æternity Ventures CEO Nikola Stojanow noted, “UTU has tremendous potential to disrupt the entire trust model currently powering digital transactions. We think their service is particularly valuable in a blockchain context and we’re excited to see their progress on the upcoming Demo Day on the 14th of July.”

Related posts

Finnfund & Norfund double Starsight’s funding to $20 million for Ghana expansion

January 23, 2021
0

African tech startup funding passes $700m in 2020 despite COVID-19

January 23, 2021
0

Free money transfer service Taptap Send launches its services to Kenya

January 22, 2021
0

54gene launches a genome sequencing lab to track infectious and non-communicable diseases prevalent in Nigeria

January 22, 2021
0

UTU Technologies is a pan-African AI and blockchain technology company with proprietary innovations in the fields of machine learning for trust and distributed, multi-agent systems. UTU is also the parent company of the MARAMOJA transport, serving Kenya with trusted e-hailing services since 2015, and the MARAMOJA family of mobility brands rapidly expanding around Africa.

 

 

Readers 2,816

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Milcah Lukhanyu

Milcah Lukhanyu

Milcah Lukhanyu covers daily news briefs at TechMoran. She is the person who will probably read your press release and get the story out of it or totally trash it. Send tips to [email protected]

Related Posts

Startups

Finnfund & Norfund double Starsight’s funding to $20 million for Ghana expansion

January 23, 2021
0
Startups

African tech startup funding passes $700m in 2020 despite COVID-19

January 23, 2021
0
Startups

Free money transfer service Taptap Send launches its services to Kenya

January 22, 2021
0
Health

54gene launches a genome sequencing lab to track infectious and non-communicable diseases prevalent in Nigeria

January 22, 2021
0
Startups

Uganda’s Innovex raises funding from Gaia Impact Fund to enable remote monitoring for solar companies

January 22, 2021
0
Startups

Aerobotics Raises $17 Million Led by Naspers To Scale AI for Agriculture Globally

January 21, 2021
0
Startups

Tanzanian money remittance startup NALA is launching in the UK

January 21, 2021
0
Startups

Startup Guide to release of Startup Guide Nairobi

January 21, 2021
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Finnfund & Norfund double Starsight’s funding to $20 million for Ghana expansion

January 23, 2021

African tech startup funding passes $700m in 2020 despite COVID-19

January 23, 2021
Toshiba

Chrome Now Helps You Change Weak Passwords

January 23, 2021
Toshiba

Shoppable Ad Formats Are Coming Soon To Youtube

January 23, 2021

Hero MotoCorp Surpasses the Monumental 100M Cumulative Production Milestone

January 23, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: