Ocean Protocol

Ocean Protocol OCEAN

$0.3907
Market Cap $ 140.300 MM (#91)
24h Volume $ 12.881 MM
Chg. 24h: 5.70%
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Ocean Protocol project purpose and description

Ocean Protocol clarity of purpose

Ocean Protocol purpose and aspects

Ocean Protocol is 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.

Ocean Protocol categories

Artificial intelligencePlatform

Short description

Ocean Protocol is kickstarting a Data Economy by breaking down data silos and equalizing access to data for all.

Abstract

Ocean is a decentralized protocol and network of artificial intelligence (AI) data/services. It aims to spread the benefits of AI, by unlocking data while preserving privacy. It helps power marketplaces to buy/sell AI data & services, software to publish and access commons data, and AI/data science tools to consume data. Ocean does decentralized orchestration: at its core are decentralized service agreements and decentralized access control, which execute on decentralized virtual machines. This allows connection to, monetization of, and curation of arbitrary data services. On that, Ocean adds network rewards to incentivize data sharing, including privacy-preserving data commons.

Link to Roadmap: n/a
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