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.


Learn more about Ocean Protocol

Recent News
DeSci: Can crypto improve scientific research? –
Apr 15 · The Cointelegraph · An insider account of the DeSci origins story — a new movement of citizen scientists, open-access scientific research and crowd-sourced peer-review funded by crypto that’s gathering pace in 2022.
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Ocean Protocol jumps 27% in the past day, what’s behind the rise?
Mar 22 · CryptoSlate · Ocean Protocol, an open-source protocol that aims to allow individuals and businesses to exchange and monetize data, has seen a dramatic climb in support in the last number of days.
OCEAN gains 86.4% in March ahead of Q2 launch of Ocean v4
Mar 21 · Coin Telegraph · Data security and accessibility have become important issues of the modern age as the world slowly progresses towards a Web3 future that establishes blockchain technology as the underlying infrastructure for the new internet.
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Drive&Stake, the industry-first marketplace that empowers all mobility ecosystem participants to benefit from vehicle-generated data, launches today
Nov 02 · Business Wire · Experts from EFS Consulting are transforming data into tangible use cases in close collaboration with vehicle manufacturers, mobility service providers, and insurance and energy corporations, while ELOOP has already deployed a successful use case, recording CO2 savings and mileage of electric vehicles.
How artificial intelligence can enhance blockchain platforms
May 31 · Coin Telegraph · Oraichain is one of the companies that has been making a concerted effort to bring AI into the blockchain — unlocking compelling use cases in the process.
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