Ocean Protocol is a decentralized data exchange platform that enables secure and privacy-preserving sharing of data and AI models.
It aims to create a more open and fair data economy by making data accessible, discoverable, and usable for AI applications. The platform is built on blockchain technology, specifically the Ethereum network, which provides transparency and immutability to the exchange of data and assets.
Ocean Protocol provides a marketplace for data providers to monetize their data by selling or licensing it to data consumers. The platform supports various data types such as structured, unstructured, and even real-time data. The use of smart contracts and token economics incentivizes data providers to share their data while ensuring that data consumers have access to high-quality data.
Ocean Protocol has a unique governance structure that allows community members to contribute to the platform’s development and decision-making process. The platform’s native token, OCEAN, is used for staking, voting, and reward distribution.