The Indian community outreach wing of Ocean Protocol
About Ocean Protocol:
Ocean protocol is a chain-agnostic data protocol that allows individuals and businesses to easily unlock the value of their data and monetize it through the use of ERC-20 based Datatokens.
What is a Data token?
On Ocean Protocol, each data service is represented by a unique data token, which is used to wrap a dataset or compute-to-data service — this essentially allows third-parties to perform operations on the data without it ever leaving the secure enclave of the publisher.
Not your keys, not your bitcoin
Not your keys, not your data.
A data-token is an innovative use-case where one can look to monetize their own data-assets through ERC20 tokens in the current V3 Ocean marketplace. Very soon Ocean protocol will look to wrap data assets, algorithms and data-visualization through Data-NFTs in the upcoming V4 marketplace [Scheduled for Mid-Q1]
Okay I'm a newcomer. Explain in simple terms maybe?
On a more informal note, here's how you can best understand Ocean Protocol
Ocean protocol, as a blockchain protocol merges Innovative use cases through AI*Web3 through blockchain data tooling, and powered by Compute2data, a unique use-case that helps to safeguard data privacy, thereby allowing you to conduct cross-border data-analysis without compromising data-safety.
Beginner perspective: Imagine that you're totally new to Blockchain and Web3 & you are looking for a Gateway protocol to engage with your native web2 programming & Tech background ~ Ocean protocol could be the protocol that enables you to have better control of your own data.
No Product is free.
If a Product is free, You are the product.
How often have we come across this notion, where our data is being commoditized by the Big Tech Corporations. Ocean protocol aims to bring forward a new reign of digital identity where each individual has the ability to be self-sovereign with their own data-usage.