What is Ocean?
Last updated
Last updated
Copyright 2024 Ocean Protocol Foundation Ltd.
Ocean is a decentralized data exchange protocol.
AI lives on data; Ocean facilitates it.
Ocean has two specific parts:
A live tech stack. At the core is Datatokens and Compute-to-Data
A lively community. This includes builders, data scientists, OCEAN holders, and Ocean Ambassadors. Ocean's community is active on social media.
Let's drill into each.
These enable decentralized access control, via token-gating. Key principles:
Publish data services as ERC721 data NFTs and ERC20 datatokens
You can access the dataset / data service if you hold 1.0 datatokens
Consuming data services = spending datatokens
Crypto wallets, exchanges, and DAOs become data wallets, exchanges, and DAOs.
Data can be on Azure or AWS, Filecoin or Arweave, REST APIs or smart contract feeds. Data may be raw AI training data, feature vectors, trained models, even AI model predictions, or non-AI data.
This enables one buy & sell private data, while preserving privacy
Private data is valuable: using it can improve research and business outcomes. But concerns over privacy and control make it hard to access.
Compute-to-Data (C2D) grants access run compute against the data, on the same premises of the data. Only the results are visible to the consumer. The data never leaves the premises. Decentralized blockchain technology does the handshaking.
C2D enables people to sell private data while preserving privacy, as an opportunity for companies to monetize their data assets.
C2D can also be used for data sharing in science or technology contexts, with lower liability risk, because the data doesn't move.
Ocean has a lively ecosystem of dapps grown over years, built by enthusiastic developers.
The Ocean ecosystem also contains many data scientists and OCEAN holders, excited about the future of AI & data. You can find them doing predictions, data challenges, Data Farming, and more.
Ocean has an excellent community of ambassadors. Anyone can join.
Follow Ocean on Twitter or Telegram to keep up to date. Chat directly with the Ocean community on Discord. Or, track Ocean progress directly on GitHub.
Finally, the Ocean blog has regular updates.
Next: What can you do with Ocean?
Back: Why Ocean?
