OCEAN Price Live Data
The Ocean price today is $0.139557 USD with a 24 hour trading volume of $3.38M USD. Ocean (OCEAN) is up 1.49% in the last 24 hours.
Ocean Protocol is an ecosystem for the data economy and associated services, with a tokenized service layer that securely exposes data, storage, compute and algorithms for consumption.
Ocean Protocol brings together decentralized technology, a trust framework, and an ecosystem for data and related services. This allows for data to be shared while guaranteeing traceability, transparency, and privacy to enable data owners to maintain control of their data assets and access a wide range of marketplaces and services.
The Ocean protocol provides a tokenized service layer that offers data, storage, compute and algorithms for consumption with a set of deterministic proofs on availability and integrity that serve as verifiable service agreements. There is staking on services to signal quality, reputation and ward against Sybil Attacks.
Any data marketplace can hook into Ocean to provide “last mile” services, connecting data providers and consumers. The Ocean protocol is designed so that data owners control each dataset and cannot be locked into any single marketplace. Society is becoming increasingly reliant on data, especially with the advent of AI. However, a small handful of organizations with both massive data assets and AI capabilities attained worrying levels of control which is a danger to a free and open society.