Ocean Protocol

Ocean Protocol

Created using Figma
Created using Figma
A Decentralized Data Exchange Protocol to Unlock Data for AI
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • KuCoin
    OCEAN/ETH 25 minutes ago
    $ 0.0189
    $ 4.56 K
    -6.28%
    -26.07%
  • KuCoin
    OCEAN/BTC 25 minutes ago
    $ 0.0188
    $ 10.969 K
    -6.53%
    -22.79%
  • Bilaxy
    OCEAN/USDT 27 minutes ago
    $ 0.0188
    $ 13.128 K
    -14.23%
    -17.75%
  • Hotbit
    OCEAN/BTC 28 minutes ago
    $ 0.0197
    $ 263.579 K
    -3.21%
    -3.41%
  • Hotbit
    OCEAN/ETH 28 minutes ago
    $ 0.0189
    $ 67.903 K
    -7.04%
    -8.30%
  • Bilaxy
    OCEAN/ETH 32 minutes ago
    $ 0.0228
    $ 5.059 K
    4.30%
    7.58%
  • MXC
    OCEAN/ETH one hour ago
    $ 0.0190
    $ 923.921 K
    -6.12%
    -16.04%
  • Bittrex
    OCEAN/BTC one hour ago
    $ 0.0193
    $ 10.107 K
    -5.44%
    -34.31%
  • Bittrex
    OCEAN/USDT 3 hours ago
    $ 0.0193
    $ 164.33
    -3.84%
    -45.79%
  • Coinbit
    OCEAN/KRW 12 days ago
    $ 1.09
    -
    -
    -
  • Uniswap
    OCEAN/ETH 16 days ago
    $ 0.0104
    -
    -
    -
  • Bamboo Relay
    OCEAN/WETH one month ago
    $ 0.0177
    -
    -
    -
  • Bkex
    OCEAN/USDT 2 months ago
    $ 0.1192
    -
    -
    -
  • YoBit
    OCEAN/USD 3 months ago
    $ 0.0031
    -
    -
    -
Pre-Launch Token
Mar, 2018
Apr, 2018
100% completed
$30 700 000
100% goal completed
past
Company Details
Registered Country
Singapore
Additional Details
Whitelist
Yes , from Feb 5, 2019 till Mar 1, 2019
KYC
Yes
Categories
Platform, Artificial Intelligence

About Ocean Protocol

What is Ocean Protocol?

Ocean Protocol is an ecosystem for sharing data and associated services. It provides 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.

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.

How Ocean Protocol Works

The Ocean Protocol is an ecosystem composed of data assets and services, where assets are represented by data and algorithms, and services are represented by integration, processing and persistence mechanisms. Ocean Protocol facilitates discovery by storing and promoting metadata, linking assets and services, and provides a licensing framework that has toolsets for pricing.

A multitude of data marketplaces can hook into Ocean Protocol to provide “last mile” services to connect data providers and consumers. Ocean Protocol is designed so that data owners cannot be locked-in to any single marketplace. The data owner controls each dataset.

Mission Statement

Society is becoming increasingly reliant on data, especially with the advent of AI. However, a small handful of organizations with both massive data assets and AI capabilities have become powerful with control that is a danger to a free and open society.

 

Ocean Protocol aims to unlock data, for more equitable outcomes for users of data, using a thoughtful application of both technology and governance.

Features

Ocean Protocol uses blockchain technology that allows data to be shared and sold. It enables a decentralized platform and network that connects providers and consumers of valuable data, while providing open access for developers to build services.

Ocean Protocol uses a thoughtful application of both technology and governance for more equitable outcomes for users of data. 

Ocean Protocol Roadmap

  • November 2017

  • Ocean Token seed distribution
    Technical Primer
    Marketplace Framework
  • February 2018

  • Technical Whitepaper
    Business Whitepaper
  • March 2018

  • Ocean Token pre-launch distribution
    Singapore, Lead Customers, Advisors
  • Q4 2018

  • Tethys beta (v0.9) test network deployed
  • Read More
  • Q1 2019

  • Tethys (v1.0) network deployed
    AI/Data/Community activated

Activity

Followers:
14 576
VERY HIGH
Tweets:
2 071
VERY HIGH
30 Days Growth:
145
Members:
4 304
MEDIUM
30 Days Growth:
-35

Participation in events

Ocean Protocol Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Bruce Pon
Founder
unverified
Trent McConaghy
Founder
unverified
Chirdeep Chhabra Sin...
Founder
unverified
Daryl Arnold
Founder
unverified
Don Gossen
Executive Director & Co-Founder
unverified

Ocean Protocol Last News

$ 0.0190
-2.99%
Coin Stats
Daily, %:
-2.99%
Weekly, %:
-22.45%
Monthly, %:
-6.96%
Market Info
Market Cap:
$ 5.139 M
Volume 24h:
$ 1.289 M
Circ. Supply:
269.559 M OCEAN
Ticker:
OCEAN

Ocean Protocol Reviews

icoscoring.com
ICO review website

Ocean Protocol is to be a part of fast growing market of Database-as-a-Service and cloud storage. According to MarketsandMarkets its CAGR 2019 will reach 67% with total market revenue 14B USD. Competition here is strong especially among blockchain projects, such as Apex, Pikciochain, Storj, Bluzelle, Boxdrive, Sia, Tresorit, Filecoin, AWS. Potential revenue coming from financial database trading is about 300B USD, PwC says. It must be noted that potential database for storage is so massive that competition on this market is hardly to be aggressive. Moreover every company stated above has a different strategy, for instance Ocean Protocol aims to build up database trading for AI technology development that sounds unusual and demanded. Also some strong partnerships must be highlighted here such as Singapore government together with some tech companies. 

Only 1% of global database collected by major companies is processed. Ocean Protocol aims to build up trading platform where database can be purchased for tokens. But now only technical papers are available with no prototype. On the other hand the project is on presale stage and its looks logic and potentially effective. The project promoted follows market trends. The risk is a lack of detailed roadmap that promises to launch the network in Q1 2019. Token in the Ocean Protocol model is a sufficient part being an exchange medium between users. In addition users founding nodes for database storage are also rewarded so that the model turns decentralized. Nodes getting reward increase the total tokens in circulation. Considering token features above it is hardly to be considered as a security. According to the roadmap token will be available for trading on exchanges in 2019.

The current stage of tokensale aims to raise 18M EUR. Whitelist started 15 February. Min individual cap is 250 EUR that makes tokensale accessible enough. But the major risk is lock ip period for 1 year for tokens purchased so that investors will not be able to trade them. It must be noted that ICO is not the only method of fundraising – Ocean Protocol has raised 4M EUR via venture capital. Investor’s share in total token pool is 25% and current tokensale covers only 6.5%. Maximum token cap is about 300M USD that is considered over estimated enough. But one must borne in mind that similar projects are traditionally well judged by crypto community and Filecoin success story of raising 250M USD is a relevant example. 

Project’s team is experienced enough. Most of the team members are specialists of BigchainDB and DEX pte with experienced technical specialists. The company has 6 founders with vast experience in technical and business analytics since the beginning of the century. Marketing director works has been working marketing since 2015 with previous 10 years’ experience in accounting. In addition team has a marketing specialist with 10 years of relevant experience.

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