Ocean Protocol Newsroom

Empowering the open data economy, safely and securely.

Ocean Protocol builds powerful Web3 apps for the emerging data economy. Founded in 2017, Ocean Protocol connects data providers and consumers, using blockchain technology.

Ocean Protocol technology allows private data to be shared, without compromising control or security for the data owner, while ensuring traceability, transparency, and trust for all stakeholders involved.

Ocean allows data owners to monetize data while keeping control over their data assets. Ocean Protocol Foundation is based in Singapore.

Press Releases


Bruce Pon

Co-Founder and Board Member

Bruce Pon is the Founder of BigchainDB and Ocean Protocol, blockchain startups focused on bringing data and AI together since 2013. Previously, Bruce co-founded Avantalion, a consulting firm that helped to build 20 banks around the globe for companies such as Mercedes-Benz, Volkswagen, Mitsubishi & Jaguar LandRover.

He has an Advanced Executive Certificate from MITSloan, a B.Sc in Engineering from the University of Saskatchewan and has given guest lectures at Oxford, MIT Media Lab, Columbia University and the European School of Management & Technology.

In addition to being in the 2020 full-length documentary Cryptopia, Bruce was featured in Oxford University and Saïd Business School’s online Blockchain course as a guest expert.

Trent McConaghy

Co-Founder and Board Member

Trent McConaghy is a founder of Ocean Protocol. While still an undergraduate in the mid 1990s, he did AI research for national defense.

His first startup, ADA, focused on AI for circuit design. Synopsys acquired ADA in 2004. He then did a PhD at KU Leuven on creative AI, which was awarded #1 thesis worldwide in the field.

His second startup, Solido, used AI to help drive Moore's Law. Now, Solido is broadly used for modern chip design, from Apple to Nvidia to Sony. Siemens acquired Solido in 2017.

Building on early blockchain work in ascribe and BigchainDB, Trent's focus is now Ocean Protocol.

Trent wrote two critically acclaimed books on AI and circuit design. He’s written over 50 peer-reviewed papers and patents. More recently, he’s written groundbreaking essays on Token Engineering, decentralized autonomous AI, and Web3 business models. He has given invited talks at the UN, European Commission, Stanford, MIT, Berkeley, TedX, Jet Propulsion Lab, Santa Fe Institute, and more. He advises governments on AI and blockchain.

As featured in

  • New York Times
  • BBC Capital
  • Forbes
  • Wired
  • HBR
  • MIT Tech Review