Ocean Protocol
by Ocean Protocol Foundation
Quick Fact
Ocean Protocol facilitates the monetization and sharing of data while preserving privacy, enabling a decentralized data economy for AI and Web3 applications.
Ocean Protocol is a decentralized data exchange protocol designed to unlock data for AI and Web3 applications. It allows data owners to share and monetize their data securely while maintaining control over their assets. By leveraging blockchain technology, Ocean Protocol ensures transparency, trust, and privacy in data transactions.
Key Features
Data NFTs and Datatokens: Ocean Protocol utilizes Data NFTs (ERC721) to represent ownership of data assets and Datatokens (ERC20) to manage access control and monetization.
Compute-to-Data: This feature enables algorithms to run on private data without exposing the data itself, ensuring privacy and compliance.
Ocean Market: A decentralized marketplace where data providers and consumers can publish, discover, and trade data assets.