Ocean Protocol

Website

oceanprotocol.com

Pricing URL

Official Ocean Protocol Pricing

$ Details

Release Date

2017 January

Categories

#Web Scraping #Developer Tools #Data Extraction #Crypto

Startup details

Country

Singapore

State

Central Region

City

Singapore

Founder(s)

Bruce Pon

Employees

50 - 99

Data Everywhere

Website

dataeverywhere.com

Pricing URL

Official Data Everywhere Pricing

$ Details

-

Release Date

-

Categories

#Developer Tools #AI #Tech #Design Tools

Ocean Protocol features and specs

• Decentralization
  Ocean Protocol operates on a decentralized network, allowing data to be shared and accessed without a central authority, increasing resilience and reducing the risks of censorship.
• Data Marketplace
  The platform provides a marketplace for data services, enabling data providers to monetize their data while allowing consumers to purchase high-quality data sets for various use cases.
• Data Privacy
  Ocean Protocol offers privacy-preserving features, including the ability to compute on data without it leaving the owner’s premises, ensuring data privacy and compliance with regulations like GDPR.
• Token Economy
  The OCEAN token is integral to the platform's economy, providing incentives for data sharing, governance participation, and allowing efficient micropayments for data access.
• Interoperability
  The protocol is designed to be compatible with other blockchain ecosystems, allowing greater interoperability and integration with various data services and platforms.

Possible disadvantages of Ocean Protocol

• Complexity
  The technical complexity of Ocean Protocol can present a steep learning curve for new users, making it challenging for non-technical stakeholders to participate fully.
• Adoption Challenges
  As a relatively new technology, Ocean Protocol faces challenges in widespread adoption as it competes with established centralized data platforms.
• Dependency on Ethereum
  Operating primarily on the Ethereum blockchain, Ocean Protocol is subject to Ethereum's network congestion and high gas fees, which can affect transaction efficiency.
• Volatility
  The value of the OCEAN token can be volatile, introducing financial risk for both data providers and consumers who rely on the token for transactions.
• Regulatory Risks
  Operating in the data sharing and cryptocurrency space, Ocean Protocol is subject to evolving regulatory scrutiny which could impact its operations and growth.

Data Everywhere features and specs

No features have been listed yet.

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