Ocean Protocol OCEAN

A Decentralized Data Exchange Protocol to Unlock Data for AI
Profile

Ocean Protocol is an ecosystem for the data economy and associated services. It provides a tokenized service layer that exposes data, storage, compute and algorithms for consumption with a set of deterministic proofs on availability and integrity that serve as verifiable service agreements. There is staking on services to signal quality, reputation and ward against Sybil Attacks.

Ocean helps to unlock data, particularly for AI. It is designed for scale and uses blockchain technology that allows data to be shared and sold in a safe, secure and transparent manner. While vast amounts of data are generated each year, data exchange and analysis have been hampered due largely to concerns over trust and security. Currently, many organizations have data but do not have the trusted and secure means to share it. Without data, AI cannot advance and be applied to solve problems and ultimately improve lives. More pressing is the fact that today, only a handful of companies have both AI and data capacities, and if data remains locked up, these companies could very well govern the development of AI and thereby our future. Through blockchain technology and tokens, Ocean Protocol connects data providers and consumers, allowing data to be shared while guaranteeing traceability, transparency, and trust for all stakeholders involved. Ocean Protocol is designed to give data owners control over their data assets and prevent them from being locked in to any single marketplace.

By bringing together decentralized blockchain technology, a data sharing framework, and an ecosystem for data and related services, Ocean Protocol is committed to kick-starting a new Data Economy that touches every single person, company and device, giving power back to data owners, enabling people to reap value from data to better our world.

Recent News
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Decentralized Tech Will Be Ready for Humanity's Next Crisis
Aug 08 · CoinDesk · But 92% would rather their medical data be stored on a blockchain, than centralized government databases.
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Mercedes-Benz Manufacturer Daimler to Collect Data Using Blockchain
Jul 08 · Coin Telegraph · Ocean Protocol, a decentralized data exchange protocol focussed on data collation, sharing, and monetization, has announced a pilot project partnering with Mercedes-Benz’ manufacturer Daimler AG.
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Blockchain Bites: Crypto's Bailout Millions, Brazil's Binance Ban, Lightning's Bug
Jul 07 · CoinDesk · At least 75 crypto and blockchain firms received approximately $30 million in government-backed PPP loans during the COVID-19 economic crunch while Binance continues to donate personal protective equipment equipment through its charitable wing.
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Bitcoin News Roundup for July 7, 2020
Jul 07 · CoinDesk · With BTC beating precious metals, Ethereum rising and a new report out on a lightning network vulnerability, CoinDesk’s Markets Daily is back for your Bitcoin news roundup!
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Mercedes Maker Daimler Tests Blockchain for Supply-Chain Data Sharing
Jul 07 · CoinDesk · Ocean Protocol, a blockchain-based data-sharing platform, has completed a proof-of-concept (PoC) with Daimler, showing how the Mercedes-Benz maker can begin monetizing data streams within the company and across its supply chains.
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