Last Updated: 31/05/2022
Official Website: https://oceanprotocol.com
Ocean Protocol is a blockchain-based ecosystem that allows individuals and businesses to easily unlock the value of their data and monetize it through the use of ERC-20 based datatokens. Ocean Protocol publishers can monetize their data while protecting privacy and control, whereas users can now access datasets that were previously unavailable or hard to find. These datasets can be found on the Ocean Market, where they can be bought and later consumed or sold.
Ocean Protocol uses a unique datatoken, 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. OCEAN is a utility token that is used for community governance and staking on data, in addition to buying and selling data as the basic unit of exchange on the Ocean Market. The price of these datatokens is set by an OCEAN-datatoken AMM pool, which adjusts the price of the datatoken as it is bought and sold based on supply and demand.
Bruce Pon is the Founder of BigchainDB and Ocean Protocol - blockchain startups focused on bringing data and AI together since 2013. Previously, Bruce co-founded Avantalion, a consulting firm that helped to build 20 banks around the globe for companies such as Mercedes-Benz, Volkswagen, Mitsubishi & Jaguar LandRover. He has an Advanced Executive Certificate from MITSloan, a B.Sc in Engineering from the University of Saskatchewan and has given guest lectures at Oxford, MIT Media Lab, Columbia University and the European School of Management & Technology. In addition to being in the 2020 full-length documentary Cryptopia, Bruce was featured in Oxford University and Saïd Business School’s online Blockchain course as a guest expert.
Trent McConaghy is working on a shared public database for the internet, sovereign personal data, and more. He is the founder of BigchainDB blockchain database software, works with the IPDB network & foundation, COALA IP protocol, and serves as an advisor to the Estonian E-residency program.
Razvan Olteanu is a COO of BigchainDB and newest Ocean Protocol team member. With nearly 20 years of various technical and management roles, Razvan will oversee operations including product development, with a mission to drive strategy planning and accelerate growth.
Cristina Pon is a Co-Founder and Software engineer at Ocean Protocol, a decentralized data exchange protocol that aims to unlock data for Artificial intelligence. The company is headquartered in Singapore and was founded in 2017 by Bruce Pon, Cristina Pon, Don Gossen, Chirdeep Singh, Trent McConaghy, Daryl Arnold, Dimitri De Jonghe, and John Enevoldsen.
Ocean tokens are built on the Ethereum (ETH) network and can be stored in any wallet compatible with Ethereum-based ERC-20 tokens. Options to keep your Ocean tokens secure and offline can therefore include the leading hardware wallet providers Ledger and Trezor. All ERC-20 tokens including Ocean Protocol token can be stored on the Ethereum blockchain using MyEtherWallet, allowing users to interact with the network without additional software.
An alternative wallet provider for Ocean Protocol token holders can be Trust Wallet – a multi-currency mobile wallet that enables users to simultaneously store a variety of digital assets in one place. Popular among traders and gamers, the beginner friendly mobile wallet may be appropriate for users looking for a convenience and accessible app, with trusted security and backup options. Similarly, a user-friendly option to keep your $OCEAN secure can include MetaMask, a leading browser wallet extension popular amongst DeFi platforms and highly praised by developers. Users can integrate with the network’s Liquidity Mining pools by connecting your MetaMask wallet.
You can Buy & Sell Ocean Protocol (OCEAN) by heading over to the Buy Coins page of our website. Ocean Protocol (OCEAN) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying $OCEAN has never been easier, simply place your order and provide your wallet address. Once your payment arrives Ocean Protocol (OCEAN) will be sent directly to your wallet.
If you choose to Sell Ocean Protocol (OCEAN) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on our Sell Coins page.
Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.