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As AI becomes more popular, society is increasingly reliant on data. However, a small handful of organizations possess and controls massive amounts of our personal data, posing a threat to a free and open society. Through the use of Web3 technology, Ocean Protocol aims to democratise data and level the playing field for AI - giving power back to people and researchers the data they need.
I have got my OCEAN tokens from ICO and added more all the time its my the best position in my wallet i trust the team and project
The web3 data economy pioneers, the very best at what they do.
I have been using ocean protocol for the last 2 years. Things I like: - It is blockchain agnostic, so you are not limited to an L1/L2. Where data and value exchange go, ocean team will deploy there as well. - Its focus is on data monetization and bringing it as an asset class, so anything else around data (storage, compute, modeling, etc) is up to the user to custom best solutions for them and use ocean's stack to tokenize and monetize the data. - It has been the first protocol to start the conversation around data monetizaiton leveraging blockchain. Things I used: - dataNFT: Its just like NFT but you own the data asset which is access controlled using dataNFT. - dataToken: A fungible token to provide wide range of access control for data assets. - Compute2data: A privacy preserving docker where you can compute on data without any 3rd party.
We are using Ocean Protocol technology to create new data driven business models - we call them DataUnions. With our tech stack on top of Ocean Protocol we can create confidential, collaborative data driven business models in many different data verticals. No other technology is on par with what Ocean offers. The DataNFTs are a really, really awesome piece of technology - we use it to connect web2 and web3 effectively. Users authenticate with web3 identities, perform actions on chain, but the web2 APIs can then access this information and perform data interactions at web2 speeds while using web3 trust and immutability e.g. GDPR compliant data business models. Compute-to-data is another component of the Ocean Protocol stack that really combines well with data handling and data usability. As the data does not have to leave its location, completely new data usage of private data is possible.
Ocean Protocol is creating novel technology to facilitate decentralised anonymous sharing of Data and AI services peer-to-peer in a trust-minimised way. This has never attempted before. Ocean Protocol has die-hard community and a robust tech stack. My experience building on Ocean Protocol is quite nice. Docs are well-written. Concepts and Architecture are not too difficult to understand for a beginner developer on their stack. Both Javascript and Python languages are supported. So you can choose what you are comfortable with. Recently they launched a new product called Ocean Templates which makes it even easier for developers to build on Ocean. If you have an idea for a data, AI or related marketplace, you should definitely check them out and give their stack a try.
Transport Genie has been using the Ocean stack for a few years now and we have also contributed in the OCEAN DAO. Over the past few years, Transport Genie has experienced tremendous growth in terms of market adoption, customers, revenue, and we have been able to accumulate over 8million transactions and we recently did an AI competition via the Ocean Protocol community which was a huge success. These models that were written may be used with our customers to help them improve transportation outcomes and reduce risk. We are very happy with our experiences so far with the Ocean Community. Ocean has the best development stack in this space and we are well aligned with their mission and vision. I would encourage anyone who is on the fence about using their software to give them a chance and see how you can use their tools to make your business offerings better and future proof. They have great resources and a growing community who are always engaged and willing to onboard new projects.
