Ocean Protocol is a decentralised data exchange protocol built on the Ethereum blockchain. Ocean's vision is to enable the access, creation, and distribution of data as fuel for artificial intelligence. They aim to unlock data for AI. Ocean protocol provides developers with the tools to build data markets, and to manage datatokens for use in DeFi.
According to the Ocean website, the protocol makes it easy to publish data services including deploying and minting ERC-20 datatokens and consume data services. Crypto wallets, DAOs and exchanges become data wallets, DAOs and exchanges.
The OCEAN Token is used to stake on data, govern Ocean community funding, and to buy and sell data. OCEAN token is a decentralised standard ERC-20 coin. The OCEAN token supply is disbursed over time to drive near-term growth and long-term sustainability.
Ocean Protocol was founded by a team of entrepreneurs and consultants in 2017, and it is headquartered in Singapore. Ocean Protocol Foundation has received funding from Google, alongside other technology entrepreneurs, venture capitalists and academics to drive early development.
The Ocean Protocol team is made up of advisors, engineers and AI experts who all have a wealth of experience in technology.
Ocean is more than just a platform. It's a movement to empower the world with data via blockchain technology and smart contracts. Whether it be by developing platforms for others to use, providing clients with innovative effective tools, or creating custom solutions - Data Market's sole focus is on building quality products and services we can all benefit from.