BlockchainBrad catches up with Bruce Pon & Trent McConaghy, co-founders of Ocean Protocol, for a detailed FREE crypto interview. Ocean Protocol is a Decentralized Data Exchange Protocol designed to Unlock Data for AI. Ocean Protocol is kickstarting a decentralised Data Economy by breaking down data silos and equalising access to data for all.
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Ocean Protocol is a tokenized service layer that exposes data, storage, compute and algorithms for consumption with a set of deterministic proofs on availability and integrity that serve as verifiable service agreements. There is staking on services to signal quality, reputation and ward against Sybil Attacks.
01:02 What do you stand for? What’s Ocean all about?
02:15 How do you unlock the data in the context of AI?
03:57 Discussing Token Supply
04:26 What were the core problems that inspired you?
05:56 How do we ensure the quality of the data?
07:00 Why do we need to have this decentralized data solution?
09:54 About the core components
11:30 About the orchestration model
13:21 About permission and permissionless systems
16:50 About privacy and data sharing
19:11 About the agnostic protocol
20:30 About the acronyms: SaaS & their position in the tech stack
26:15 How authentically open source is the technology so far?
27:05 About the Service Execution Agreement (SEAs)
28:10 About applications in enterprises or other sectors
34:45 About AI
36:32 What’s the plan to incentivise the consumers of the ecosystem?
38:19 About the token model and token economic modelling
40:17 About the Ocean Marketplace
44:05 Can you talk us through how organized you are with regards to explaining how you essentially charge for the services that you offer?
46:00 About the concerns that team has
51:30 About the strength of the team
54:20 About Ocean’s advisors
56:09 The value that these advisors have brought.
59::35 About pricing and about fungible and non-fungible data
01:02:04 About the transparency of the process of the pricing model
01:04:38 About the tokenized service layer
01:12:40 About the risk of dumping and manipulation
01:15:17 Why are we seeing this unusual movements in the marketplace because of listings on new exchanges?
01:17:15 About the runway
01:20:30 more about token economic modelling
01:22:00 About coinbase and other exchanges
01:23:37 Are you concerned right now there is just a lot of shitcoins?
01:25:43 Final statement and thanks.
Ocean helps to unlock data, particularly for AI. It is designed for scale and uses blockchain technology that allows data to be shared and sold in a safe, secure and transparent manner.
The main actors in Ocean Protocol are data providers, data consumers, data marketplaces, service providers and network keepers. Data providers offer data. Data consumers obtain data for their own use. Data marketplaces connect data producers and data consumers. Service providers provision computation, storage and algorithms for sale. Network keepers support Ocean’s protocol by running nodes within the network. Please refer to our Marketplace Framework for more details.
This interview was entirely, 100% free from both me & BlockVera. In every way, no tokens, no under the table deals. I believe that sponsored content is not a problem if disclosed openly to the community. This is not Financial Advice. Please #DYOR
I have not invested in Ocean Protocol. This is not Financial Advice. #DYOR always.
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#oceanprotocol #ownyourdata #blockchaindata #dataeconomy #BlockchainBrad