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Ocean Protocol Review

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Revainrating 4 out of 5  
Rating 
3.9
Crypto Projects, ERC20

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Description of Ocean Protocol

Ocean Protocol (OCEAN) is a cryptocurrency and operates on the Ethereum platform. Ocean Protocol has a current supply of 613,099,141 with 613,099,140.9978136 in circulation. The last known price of Ocean Protocol is 0.35251023 USD and is down -3.32 over the last 24 hours. It is currently trading on 143 active market(s) with $18,787,535.92 traded over the last 24 hours. More information can be found at https://oceanprotocol.com/.

Reviews

Global ratings 14
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Type of review

Revainrating 4 out of 5

It is a blockchain-based project where you can exchange data.

Ocean Protocol is a highly successful and reliable platform for data collection. They think that data is very valuable and that it should be protected transparently and securely. They deposit data into repositories and do this very openly and transparently to you. Here it is possible to create your own data wallet, stock exchange and many more. It is a project that enables data wallets, data exchanges and data cooperatives using decentralized finance (Defı) tools. It also works to…

Pros
  • Your data is always likely to be stolen. For this, you can keep your data securely on this platform.
  • It has a highly advanced blockchain technology.
  • It is a new project in its own department.
Cons
  • For those who think classic, it can be a bit of a problem to give their information.

Revainrating 4 out of 5

Ocean Protocol wants to protect your data

Ocean Protocol's purpose is; To provide a transparent and harmonious environment that gives audit authority. You can earn money by sharing data mutually. Ocean Protocol is a foundation. They are not for profit. After being listed on the stock exchange, it quickly gained value, but now it has a very low value. However, the main purpose of such tokens is not to gain value. Using it as a commission, they want to be traded continuously so that the owners of these coins earn money from the…

Pros
  • They provide data security to protect from hackers
  • Data is protected in blockcahin
  • Everything is recorded and the possibility of being defrauded disappears.
Cons
  • They want full control over the protection of our data

Revainrating 4 out of 5

The so-called ocean convention is a fake message that confirms the union of the market.

The purpose of the maritime protocol; It is the provision of direct and pleasant air that gives control. Usually the ability to share cash and bring cash is great. Sea Convention. Not for profit. Using well-known technology to solve problems and manage a lot of data every minute can lead to greater chain and more accurate accuracy. It is very important to note this separately. The news is restrictive and depends on the open source project, which provides complete security to the customers who…

Pros
  • Your information should be retrieved in each case. You can safely store your data at this stage.
Cons
  • No problems

Revainrating 3 out of 5

My review on a crypto project named Ocean

Ocean Coin; reveals the value of the data. Data subjects and consumers use the Ocean Market app to publish, discover, and consume data assets in a secure, privacy-protected manner. Ocean owners liquidate their shares into data pools. Developers use Ocean libraries to create their own data wallets, exchanges, and more. Ocean data tokens convert data into data entities. This enables data wallets, data exchanges, and data collaborations by leveraging crypto wallets, exchanges, and other…

Pros
  • it is DeFi platform
  • its smart contracts
Cons
  • there is no hardware based wallet

Revainrating 3 out of 5

Sea Protocol: counterfeit innovation that checks the market cycle.

Sea Protocol (OCEAN): is a venture that handles counterfeit innovation that confirms the market interaction, on account of this, it can store or open specialized information, and work on its man-made consciousness, it is introduced in a powerful method to tackle issues and handle a huge number of information each minutes, applying the utilization of blockchain innovation can move in a bigger chain and with more noteworthy exactness, it's anything but an immediate installment instrument…

Pros
  • It presents a strong help that gathers information, through the use of its check innovation or man-made consciousness innovation.
  • It is an undertaking that errands upgrades on the lookout, and to some degree goal-oriented.
Cons
  • Your opposition in the market is incredible, you need to finish your guide, add oddities to be considered as a competitor on the lookout.

Revainrating 3 out of 5

This project, called the Protocol of the Sea, is a fake news that confirms the interaction of the market.

This project, called Marine Protocol, can take care of issues and manage a lot of data every minute, using blockchain innovation in a larger chain and with greater accuracy. Here you can create your own wallet, a stock market and more. This is nothing more than an enterprise that empowers data wallets, data trading and information cooperatives using decentralized money (Defi) equipment. Despite the guarantee of delivering a completed product, it is still under development and there are many…

Pros
  • The added information is zero to worry about the trade market and the current decline.
  • Different opportunities are not sooner or later.
Cons
  • Strong competition outside the blockchain space.

Revainrating 3 out of 5

Ocean project.

A very successful and very reliable platform for collecting information sources. The Ocean Protocol is a blockchain-based information platform, and it does a great job of enhancing its overall and global engagement. You can protect your personal information market share, or sell it in the same way on the basis of Ocean Crypto blockchain. This project has advanced blockchain technology. Blocking the data economy is a well-established ecosystem. The Ocean Protocol project also had the same nature

Pros
  • It can be bought and sold in the same way.
  • It manages to manage millions of data per minute.
Cons
  • Data theft.
  • Nothing

Revainrating 4 out of 5

Ocean Protocol, a growing project.

Ocean Protocol is a blockchain-based ecosystem that allows businesses and other industries to easily access data and monetize it using ERC-20-based data tags. Consumers of this information can benefit from the economy and, in general, the public. The project uses smart certificates, blockchain technology and tokens to ensure the confidentiality of its users, promising privacy, monitoring and sharing information. The proper implementation of smart contracts ensures transparency and security for…

Pros
  • Information ensures transparency and security for owners and recipients.
  • The project provides complete and accurate information to its users.
  • It is widely used to manage the finances of the community.
Cons
  • There is no disadvantage to the project.

Revainrating 4 out of 5

Ocean Protocol Data Monetization

Ocean Protocol is a blockchain-based ecosystem built to allow individuals and businesses to easily unlock the value of their data and monetize it through the use of ERC-20 based data tokens. Consumers and the community at large can benefit from the data economy. To create this data economy, borderless data sharing, and privacy are two key features that Ocean Protocol plans to focus on. The data economy is being revolutionized on a frequent basis and as such large volumes of data is pumped into

Pros
  • OCEAN token is ERC20 compliant and thus compatible with Eth wallets
  • Ocean Protocol gives power back to data owners
  • Everyone can benefit from the new data economy with the blockchain technology
  • The project is open source
Cons
  • The price of the token is determined by the volume of usage

Revainrating 5 out of 5

Ocean Protocol

Ocean protocol opens up the value embedded in data. You as a data owner and consumer can through the Ocean Protocol Market app broadcast, realize and make use of data assets without bridging privacy law standards and if you hold the native token of Ocean Protocol symbolized as OCEAN, you can stake it in the data pools. Also by the virtue of Ocean Protocol developers can build their wallet and exchange apps. As ocean protocol ensures the publishing of data which means deploying ERC20 based…

Pros
  • It provides data owners with data token deployment
  • It offers consumers form of spending data
  • It turns cryptocurrency wallets to data token wallets
Cons
  • It has high market competitiveness to contend with
  • It needs more market awareness for what it stands for.

Revainrating 4 out of 5

Ocean Protocol: artificial technology that verifies the market process.

Ocean Protocol (OCEAN): is a project that handles artificial technology that verifies the market process, thanks to this, it is able to store or unlock technical data, and improve its artificial intelligence, it is presented in a dynamic way to solve problems and handle millions of data per minutes, applying the use of blockchain technology can move in a larger chain and with greater precision, its currency is a direct payment instrument directly related to its ease to learn everything…

Pros
  • It presents a solid service that collects data, through the application of its verification technology or artificial intelligence technology.
  • It is a project that tasks improvements in the market, and somewhat ambitious.
  • Great support for transmitting or exchanging data on multiple platforms.
Cons
  • Your competition in the market is great, you have to complete your roadmap, add novelties to be considered as a contender in the market.

Revainrating 4 out of 5

Big data exchange.

Data exchange protocol using AI, Oceam is in charge of unlocking thousands of data that are being collected to strengthen your AI. That is, a bigdata market, solving problems related to this issue, and that companies can access using blockchain through decentralized applications. It is developed under the etherium chain In general it is a learning system that uses AI. Despite its promise to offer a finished product, it is still in development and there are many risks for this project. The…

Pros
  • Data service sale and data collection using AI
  • It is a novel and innovative project in the field.
  • Data exchange utility.
  • Designed for data exchange  
Cons
  • Currently there are traditional services that provide this type of services.

Revainrating 4 out of 5

Solution for critical issues of current data exchanges.

Ocean is positioned as a solution for a fast growing, three trillion dollar Big Data market. The data economy faces different issues, as discussed earlier in this report. One of Ocean’s primary initiatives is to provide enterprise and consumer grade applications with the ability to gain the security benefits offered by decentralized blockchain solutions. Ocean is focusing on disrupting the centralized data exchange market and its current drawbacks. As mentioned in the project’s Business…

Pros
  • It is focusing on disrupting the centralized data exchange market and its current drawbacks.
  • It is the multiple opportunities that could play out in the near future.
  • Innovative technological ideas.
  • And a highly skilled team.
Cons
  • Strong competition outside the Blockchain space.
  • They will have to position themself as a unique solution and to be able to convince the public that the decentralization is essential feature for a data marketplace.

Revainrating 4 out of 5

A Decentralized Data Exchange Protocol to Unlock Data for AI.

The Ocean Protocol. Ocean Protocol builds the infrastructure to allow data to be shared, consumed and monetized in a safe and transparent manner. At the core of Ocean, there are so called Curated Proof Markets. They are the foundation for an open data marketplace which brings together data providers, data consumers and service providers, giving them the opportunity to safely buy and sell data. It allows AI algorithms and models to be applied to data, get trained, and then leave without…

Pros
  • Ocean Protocol aims to solve critical issues of current data exchanges and therefore break down the barriers and data silos that are holding back innovation in fields like Artificial Intelligence.
  • Targeting a huge growing market, that is ripe for disruption.
  • Already working on a number of use cases with business clients and governments around the world.
  • Users can earn tokens by providing data, by providing a marketplace, by curating data, by providing services to the network.
Cons
  • It is entering a market where many centralized solutions already exist.
  • I can't find any major concerns about Ocean Protocol.