Ocean Protocol Documentation
- What is Ocean Protocol?
- Software Components
- Get Ether and Ocean Tokens for Testnets
- And much more...
This paper presents Ocean Protocol. Ocean is a decentralized protocol and network of artificial intelligence (AI) data/services. Ocean does decentralized orchestration: at its core are decentralized service agreements and decentralized access control, which execute on decentralized virtual machines. This allows connection to, monetization of, and curation of arbitrary data services. On that, Ocean adds network rewards to incentivize data sharing, including privacy-preserving data commons.
This document presents a summary of the business model and ecosystem of Ocean Protocol. It is complementary to the technical whitepaper for Ocean Protocol.
This document presents a summary of the core marketplace attributes and components required to facilitate the successful deployment of the decentralized data exchange protocol and network called Ocean Protocol. It is complementary to the technical whitepaper for Ocean Protocol.
Ocean Token seed distribution
Production-ready Ocean network
Case specific marketplaces
Web 2.0 integration (for compute and storage services)
Improved Service Execution Agreements: staking conditions; slashing conditions; bounty rewards; competition rewards
Proof of Authority network
Initial PoA network governance enabling contract update prioritization and upgrades, and network optimization
Token migration from ETH Mainnet to Ocean PoA
Verification and Validation of conditions and service (cryptographic proofs)
Incentives / network rewards for different actors (including verifiers)
Web 3.0 integration (for example: with other decentralized projects)
Bounties on-chain (DASH style model)
Clan governance (enable marketplace specific governance, group governance, etc.)
Fully permission-less Ocean Protocol
Balanced governance: transparent process for updating protocol that balances stakeholder needs (keepers, service providers, curators, validators)
The Ocean Protocol core team combines a deep background in big data, blockchain, artificial intelligence and data exchanges, with real-world business experience as entrepreneurs, designers and technologists who have started over 20 companies.
We have over 35 advisors spanning the globe, with recognized expertise in AI, blockchain, big data, business and policy. Advisors were carefully selected based on an alignment of values towards unlocking data and AI for society. Advisors work to build meaningful collaborations, refer potential business partners, integrate with the protocol, and provide guidance on governance.
Centralized data exchanges fail because they lack fair and flexible pricing mechanisms, data providers lose control over their assets, and there is a lack of transparency in how the data is used. So data remains locked up due to a lack of trust.
AI models have limited accuracy and usability without appropriate data. Ocean Protocol provides the tools to unlock the remaining 99% of untapped data, connecting them to AI, so we can develop more breakthroughs to help our society.
AI start-ups and researchers are drowning in algorithms, but lack data. The opposite is true for many large corporations. Ocean Protocol is the bridge between these two sides. By bringing together data and AI, Ocean Protocol will unlock a trillion-dollar market for data sharing.