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What is Ocean Protocol?

Ocean Protocol is an open source protocol designed to share and trade data in a secure, transparent and private way. The protocol uses blockchain to create a decentralized marketplace where data owners and buyers can meet and do business.

The Ocean Protocol allows data owners to publish their data in the form of data tokens. Data tokens are ERC-20 tokens that provide access to specific data sets or data services. Data buyers can then buy these data tokens to access the data.

Ocean Protocol offers significant advantages over traditional methods of data exchange. The system is fully decentralized, meaning there is no reliance on central intermediaries such as databases or cloud providers. This gives data owners more control over their own data. Moreover, all transactions on Ocean Protocol are public and traceable, assuring data buyers of the quality and origin of the data. In addition, the data is superbly protected from unauthorized access thanks to a series of strong security measures.

Who are the founders of Ocean Protocol?

The founders of Ocean Protocol are Bruce Pon and Ming Zhao. Pon is an entrepreneur and investor focused on blockchain technology. Zhao is a data scientist and entrepreneur.

Pon and Zhao founded Ocean Protocol in 2017 with the goal of democratizing data and making it accessible to everyone. They were frustrated with the current way data is shared and traded, which they believe is too centralized and not transparent or secure.

Ocean Protocol is still under development, but has the potential to change the way data is shared and traded. The protocol already has the backing of a number of large companies, including IBM, Amazon Web Services and Microsoft.

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