With advancements in data analytics and AI, quality data has become a valuable asset and data marketplaces have proliferated. Data marketplaces are used by businesses of all kinds as well as government, market intelligence agencies and many types of data analysts and data scientists.
Ocean is looking to incentivize the creation of an ecosystem of decentralized data marketplaces that provide a point of discoverability and comparison for data, along with indicators of quality and scope to enable broad access to data that would otherwise prove difficult to publish or consume.
For inspiration consider building:
a marketplace for buying & selling data at a fixed price
a marketplace tuned to a specific vertical, e.g. energy, supply chain data, etc.
a marketplace with rich features for discovery, including browsing, search, tagging, and filtering;
a marketplace with novel pricing strategies. e.g. royalties for value added, auction model; a data marketplace that emphasizes adding value to data. e.g. add labels to unlabeled data, data cleaning, feature engineering on datasets.
or forking an existing open-source token exchange and building a data exchange that looks like a crypto token exchange (e.g. Bittrex)
or integrating Ocean to existing data marketplace
Current examples of decentralized data marketplaces on Ocean include a simple reference data marketplace (called Pleuston) and the Commons Marketplace (source) that lists various free public datasets. For an outline of how to develop and run a data marketplace on Ocean.
Speedy Submission Bonus: The first 20 teams who successfully complete the minimum submission requirements will receive 33,000 Ocean Tokens.
To qualify for prizes and challenge rewards, participants must abide by all of the rules and minimum submission requirements: