Ocean Protocol

What’s the Ocean Protocol?

Ocean Protocol is a decentralized ecosystem based on Ethereum. It allows both individuals and organizations to make the most of their data by enabling privacy-centric data sharing. With the help of AI and blockchain, Ocean Protocol ensures that data providers retain ownership and control over their data while also allowing them to profit from their valuable assets.

Founders of the Ocean Protocol

Trent McConaghy, Bruce Pon, and John Mathews founded the project.

Why is the Ocean Protocol Unique?

The Ocean Protocol stands out for several reasons. First, it prioritizes data privacy by utilizing multi-party computation (MPC) and zero-knowledge proofs (ZKPs), ensuring that sensitive info stays confidential while distributing precious insights.

Secondly, the Ocean Protocol allows for the creation of marketplaces where data providers can sell their data assets directly to consumers. This decentralized approach eliminates middlemen and reduces transaction costs, giving control and ownership back to the data creators.

In addition, Ocean Protocol upholds security and integrity by harnessing blockchain technology. It utilizes the Ethereum network’s robust security and transparency to securely and immutably record data transactions. Furthermore, Ocean Protocol integrates a reputation system and staking mechanism to promote honest conduct and deter malicious behavior within the network.

Where to buy OCEAN?

You can purchase some tokens on major cryptocurrency platforms such as Binance, MEXC, KuCoin, and Gate.io.

What’s Next?

The team aims to enhance the network’s functionalities, expand partnerships with data providers and consumers, and foster the development of innovative data-driven applications. They are actively working on upgrades such as the Ocean Data Marketplaces v4, the Ocean Compute-to-Data framework, and AI integrations.