Ocean Protocol is a blockchain-based decentralized data exchange protocol that allows participants to share and monetize data while maintaining data privacy and control. It aims to liberate data by enabling individuals, businesses, and organizations to securely publish, distribute, and consume data without intermediaries.
Ocean Protocol provides a decentralized marketplace where data providers can list their data assets and set pricing terms. Data consumers can then discover and purchase these assets using the protocol's native cryptocurrency called Ocean Token (OCEAN). This token facilitates the transfer of value and incentivizes the various actors within the ecosystem.
Through its data tokens framework, Ocean Protocol ensures the secure and traceable interaction with data assets. Data providers can tokenize their data, creating tradable units that can be rented or sold to interested parties. This enables data to be treated as a valuable asset that can be exchanged transparently and efficiently.
Overall, Ocean Protocol aims to foster data collaboration, promote data sovereignty, and drive innovation by providing a decentralized infrastructure for the sharing and monetization of data.
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