This strategic partnership is part of U2U Network's vision to build a comprehensive and suitable ecosystem for DePIN (decentralized physical infrastructure network) applications, with Web3 DNS (Web3 Domain Name System) at its core. In the vibrant wave of innovation in the fintech industry in Vietnam, U2U Network stands out as a formidable competitor in the Blockchain field. The strategic combination between U2U Network and
CMC Telecom, one of the biggest names in the telecommunications industry, not only makes a big splash but also affirms U2U Network's position at the heart of technological transformation, promising to continuously promote U2U Network's creativity and innovation capabilities.
What is U2U Network? U2U Network is one of the pioneering technology companies in the field of building decentralized networks designed on the advanced Directed Acyclic Graphs (DAG) technology, which is more advanced than the traditional blockchain model and compatible with the Ethereum virtual machine. With strict decentralization and efficient transaction processing, the DAG model is considered an improved model that brings higher performance than the traditional decentralized network. Using the innovative Helios consensus mechanism and specializing in providing powerful infrastructure, U2U Network focuses on the Modular Layer-1 network and the DePIN Ecosystem (Decentralized Physical Infrastructure Network) - a decentralized physical infrastructure network. In the context of the global Blockchain market becoming vibrant again, the keyword DePIN has quickly received strong attention from the technology community. DePIN utilizes Blockchain technology to manage and control physical infrastructure such as transportation networks, energy, Internet bandwidth and data storage. DePIN innovates the way infrastructure is built at a reduced cost by improving scalability and enhancing security through a decentralized model. This model enables a more efficient and equitable distribution of resources, empowering individuals to directly participate in the development and maintenance of the infrastructure. Central to U2U Network's strategy is building a comprehensive and suitable ecosystem for DePIN applications, with Web3 DNS (Web3 Domain Name System) at its core.
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| Overview of the DePIN ecosystem that U2U Network is building and developing |
In this ecosystem, U2U Network is focusing on several key components to enhance the structure and functionality of the decentralized internet. Improvements are being made to Web3 services by developing a Name Service that provides decentralized domain names for querying the Web3 platform. This is complemented by a Decentralized Identity system, identity management and KYC processes, enhancing security and reliability. In addition, the U2U File Storage system supports the storage of these websites and data management, while U2U Generative AI leverages network data to train AI models. Integrated with Big Data Mining, these technologies form a powerful ecosystem for AI development and IoT applications in DePIN. In addition, with the vision of becoming a leading technology solution provider, U2U Network is constantly innovating and bringing cutting-edge products to the market. The U2U ecosystem includes more than 80 diverse decentralized applications (dApps), serving many different fields. Notable products in this ecosystem include U2DPN, U2U Super App, X721 Marketplace, GroFi Dex, U2Staking, Memetaverse and Ermis Network... with the goal of providing a powerful and flexible platform for developers and users. The technology ecosystem that U2U Network is aiming for requires a stable, scalable and highly secure infrastructure, in order to serve millions of customers globally and promote its billion-dollar startup projects. Another goal that U2U Network also expects is to optimize infrastructure management and monitoring, minimize administrative tasks such as upgrading, and ensure a safe infrastructure environment for the decentralized network system.
The potential deal The infrastructure problem that U2U Network is trying to solve is not simple for a startup, so the cooperation with CMC Telecom at this time is a necessary step to add more technical resources to the project. This is very meaningful because CMC Telecom is one of the rare units in Vietnam that is capable of meeting the strict requirements of Amazon Web Service (AWS) -
the world's leading Cloud service provider with strong infrastructure and advanced technology, which is also the platform that U2U Network uses to develop a system focused on providing the best experience for users.
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| U2U Network joins hands with CMC Telecom - the Big 3 giant of Vietnam's telecommunications industry |
In this deal, CMC Telecom will provide a solution to help U2U Network migrate its infrastructure and decentralized applications to the AWS cloud. CMC Telecom has established a secure cloud environment and ensured compliance with the expansion requirements of the U2U Network system, thereby providing a secure and compliant "buffer zone" for the system to migrate to the AWS Cloud. The deployment of each system component on AWS has been coordinated by U2U Network and CMC Telecom in a sequential and continuous manner since November 2023. By leveraging AWS infrastructure and services, U2U's system has been integrated with unlimited self-expansion capabilities, network acceleration with AWS Global Accelerator, and integrated with the ability to protect against Internet threats thanks to AWS WAF service, and Amazon Route 53.
Impressive numbers After three months of intensive implementation by both U2U Network and CMC Telecom, the migration was basically completed by the end of February. The migration has resulted in a number of significant improvements, helping U2U enhance system stability and performance, providing a better user experience.
Reduced latency: System latency has been reduced to less than 100 ms from the original 270 ms. This has improved user experience, accelerated transaction processing, and reduced waiting times.
Increased availability: System availability has increased from 98.5% to 99.99%, making the system always available to users, minimizing outages and improving reliability.
Cost optimization: Total cost of ownership (TCO) is estimated to be reduced by 23% over 5 years, with monthly maintenance costs reduced by 40%. This has helped U2U optimize its budget and focus resources on product development. As of May 2024, the project has completed 80% of the infrastructure, contributing significantly to changing the face of the project. Both U2U Network and CMC Telecom expressed satisfaction with this result and decided to maintain long-term cooperation to create more breakthrough achievements in the future. Through the cooperation with CMC Telecom, U2U Network not only achieves the goal of upgrading the current system but also creates momentum for the digital future with a modern, flexible and secure cloud infrastructure. This is an important step, helping U2U Network quickly realize its business goals and affirm its leading position in the field of Blockchain technology./.
Communist Party of Vietnam
Source: https://dangcongsan.vn/thong-tin-kinh-te/u2u-network-bat-tay-cung-cmc-telecom-de-cach-mang-hoa-mang-luoi-ha-tang-phi-tap-trung-666870.html 
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