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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Blockchain-Based Used Car Data Marketplace to Launch in Singapore
Jul 05 · Coin Telegraph · Singapore-based online car marketplace sgCarMart and decentralized data exchange protocol Ocean Protocol are launching a blockchain-powered “Know-Your-Vehicle” data marketplace.
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Ocean Protocol is Now Trading on Bittrex International After Raising $6 Million in Initial Exchange Offering
May 13 · Crypto Coins News · Data has become the single biggest currency in the world with petabytes of data being collected and analyzed every day, and Ocean Protocol aims to tap into the massive data market with an ethical, data-protection compliant business model that removes the issue of shady organizations buying data unilaterally to be used for nefarious purposes.
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Ocean Protocol, Borderless Private Data Platform Announces IEO on Bittrex
May 08 · Crypto Coins News · Ocean Protocol is a data sharing framework based on blockchain that is creating a new data economy.
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Ocean Protocol Token OCEAN Trades on Bittrex International Today
May 03 · Crypto Coins News · Bitcoin Press Release: OCEAN Token, the native digital currency of the Ocean Protocol network, begins trading on Bittrex International today after raising $6 million in an IEO May 3rd 2019, Singapore – Ocean Protocol (CURRENCY: OCEAN) will begin trading on Bittrex International today (May 3) at 19:00 CEST / 17:00 UTC.
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Future-Facing Borderless Data Sharing Platform Ocean Protocol’s IEO on Bittrex Begins April 30th, 2019
Apr 29 · Crypto Coins News · Bitcoin Press Release: Following an ICO which raised over $1.8m USD, Ocean Protocol have announced details of their borderless, privacy-preserving data sharing platform and IEO on Bittrex, commencing Tuesday April 30th 2019, 16:00 GMT / 18:00 CEST.
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