Review on Ocean Protocol by Özgün A
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 transaction fees.
Ocean offers fast and advantageous solutions to its users with artificial intelligence such as protocol storage, computation and algorithms.
Many big social media companies (facebook, google, etc.) make money by selling your data even if you don't want it. In fact, Ocean Protocol looks at this more broadly and tries to find a solution to it. But how reliable it is because it keeps your data on its system while doing this, it is a matter of debate. Because Ocean protocol reaches your data while ensuring your security. If hackers attack these data, all your data falls into the hands of bad people. That's why Ocean Protocol wants to keep your data on cold wallets on blockchains. Large data pools are created and the data of millions of people are collected in these pools.
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
