What is Ocean Protocol (OCEAN)? | Ocean Protocol Explained in Under 60 Seconds

Ocean Protocol is a blockchain-based ecosystem that allows users to monetize data while preserving privacy and control. A decentralized exchange (DEX) for data. The Ocean Protocol Token (OCEAN) is the protocol utility token used for buying & selling data on the Ocean Market. Also used for staking liquidity into data pools & governance.

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Ocean libraries provide tools needed for developers to build and launch their own data markets, including data wallets, exchanges and more.

With the use of Ocean Datatokens, the Ocean protocol allows anyone with datasets to tokenize their data (by minting ERC20 datatokens), and list the datatokens on the Ocean Market.

Datasets are published to the Ocean Market app with datatokens. Private data can be securely discovered, purchased and consumed with Compute-to-Data.

With Compute-to-Data, privacy is preserved during the buying, selling & use of private data. Data stays on-premise while allowing others to use the data for specific jobs.

WEBSITE: https://oceanprotocol.com/