Review on Ocean Protocol by Adedayo Adeniji
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 datatokens and consuming of data which is spending of datatokens. It also made it possible for crypto wallets to become data token wallets.
It is a pleasant project by which data providers and consumers get value in data assets, I recommend you explore this possibility to your advantage.
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.
