Posts

Diving Into Ocean Protocol

avatar of @skramatters
25
@skramatters
·
0 views
·
2 min read

For me without exception the most exciting aspect of blockchain and crypto is the opportunity to chart new territories and discover the innovations and applications of tomorrow-today.

The world of blockchain is burgeoning and the next big thing could be a few clicks away. Attempting to keep up with the onslaught of projects and discerning between the hype, FOMO, and FUD is a daunting task. For those of us that aren't just chasing the thrill of high stakes crypto it's critical to identify technology with not only a solid and unique use case, but a potential for mass adoption, decentralization, and finally a reputable organized, well-structured team.

While we all fantasize about being there at the starting line and flying space lambos to the moon it's also wise to sit back and watch the action to see if it meets our investment criteria.

Here is such an offering for you to look into and determine if you might want to get in on the ground-floor. I know I'm looking at many of these integrated technologies that often boast they have the most cutting edge AI, deep learning, data analysis, and security available. This outfit is making bold claims and seems to have all the bells and whistles. Is ocean token in your future? Is it in mine? Your children's children's?

Below is the core concepts of Ocean Protocol and can be found on the first link provided below

We bring together decentralized technology, a trust framework, and an ecosystem for data and related services. This allows for data to be shared while guaranteeing traceability, transparency, and privacy to enable data owners to maintain control of their data assets and access a wide range of marketplaces and services.

A Tokenized Service Layer

The Ocean protocol provides a tokenized service layer that offers 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. Discovery is facilitated by storing and promoting metadata, linking assets and services, and providing a licensing framework with pricing.

TerminologySoftware Components

1001 Marketplaces

Any data marketplace can hook into Ocean to provide “last mile” services, connecting data providers and consumers. The Ocean protocol is designed so that data owners control each dataset and cannot be locked into any single marketplace.

Set Up a Marketplace

The Mission to Unlock Data

Society is becoming increasingly reliant on data, especially with the advent of AI. However, a small handful of organizations with both massive data assets and AI capabilities attained worrying levels of control which is a danger to a free and open society. We aim to unlock data, for more equitable outcomes for users of data, using a thoughtful application of both technology and governance. Our team and community is committed to kick-starting a New Data Economy that reaches every single person, company and device, giving power back to data owners and enabling people to capture value from data to better our world.

landing page https://oceanprotocol.com/

one of potentially 1000s of use cases https://cointelegraph.com/news/blockchain-based-used-car-data-marketplace-to-launch-in-singapore0

modest gains on the USD since May 3rd ICO https://icodrops.com/oceanprotocol/

Posted using Partiko Android