Blockchain powered data sharing platform— Ocean Protocol Launches Beta
A blockchain-based platform called Ocean Protocol has now launched its own beta network which is supposed to help create a new Data Economy that will be secure, has borderless data sharing, and preserves user’s privacy, according to a recent report.
Ocean Protocol
Ocean Protocol which is the first data sharing platform in the world to be powered by blockchain technology and connects individuals, companies, governments and data, industries, and AI experts have made it known that it has created its own beta network. Ocean Protocol is a company which enables anyone to create data services customer base on top of its network with the intention to make available safe, borderless data sharing, and privacy-preserving Data Economy
The beta network which was created by Ocean Protocol is meant to help create a platform for several private and public partnerships from the research, retail, healthcare, insurance sectors to
Co-founder of Ocean Protocol, Bruce Pon said that:
“Today’s beta release is a big milestone for our project and society as a whole. It marks the beginning of a new and open global Data Economy. With the beta network going live, data scientists and developers can start building and experimenting with new services and applications using Ocean Protocol.”
Optimal Data Control
In order to ensure safe and secure data sharing, guarantee control and
Also, technology allows individuals and businesses to set price and data without losing control of their data. Smart contracts enable data owners to create the terms of access, which are then executed accordingly. This gives data owners and buyers security, transparency, guarantees of payment and use, and security.
