About

Ocean Protocol is a blockchain technology firm specializing in tokenized data and AI services. It focuses on monetizing AI models and data while ensuring privacy. The company offers tools for building data dApps, Web3 technology, and options for earning through data farming and challenges.

History

Ocean believes "big data" severely disadvantages users and network participants by sharing and monetizing their data while users have little-to-no control over the process. To fix this, the Ocean team aims to build a decentralized data exchange protocol that lets consumers, corporations, and everyone in between exchange data with symmetric control and transparency. Ocean also aims to activate massive amounts of dormant or un-used data by incentivizing participants through monetization. The ultimate goal of this protocol is to fuel continued artificial intelligence (AI) innovation, a technology that relies heavily on data inputs and a robust, reliable data market.

Ocean thinks the key to a sustainable, profitable data market is ensuring that providers and custodians feel safe when sharing data. A peer-to-peer protocol for data sharing is Ocean's solution.