A beta version of the blockchain big data sharing platform Ocean Protocol was launched

Decrypt April 10reportsAfter 18 months of development, a beta version of the Ocean Protocol, the world's first data-sharing platform using blockchain technology, has finally been released.

Hundreds of institutions around the world are studying rare diseases, each studying its own data, but how can they be linked? The singapore-based Ocean Protocol's beta platform, released today, can help solve this problem, and perhaps many others as well.

This platform creates a way to share data at a high level while protecting the underlying proprietary data. It claims to be the world's first data-sharing platform, connecting people, industries, start-ups and governments with data and artificial intelligence experts, enabling them to build data services and markets powered by blockchain technology.

& have spent Ocean Protocol's users include pharmaceutical companies, which can co-fund research and share the results, and ultimately increase the number of projects those companies can fund.

The boom in the Internet of things ecosystem will create a huge demand for big data, as well as for Shared infrastructure, data sources and networks. Almost every industry, from insurance to retail to health care, has the potential to benefit from markets that share and monetize data.

The Ocean Protocol platform effectively creates a blockchain-based data marketplace in which they run a human AI that can be Shared, while also preventing certain proprietary data from escaping any company's firewall.

The Ocean Protocol approach is based on what is technically known as "joint learning." Basically, it refers to machine learning, but in this way you can't get training data directly, the data will still be in the original location. This is something that Google and others have been working on, but unlike Google, Ocean's approach is decentralized, not controlled by an organization with all the power. Each institution retains control over its own data, which resides in several different locations and is Shared through protocols controlled by smart contracts and tokens.

Ocean, which allows people to unlock the value of data without having to unlock the data itself, is the foundation for the ultimate realization of the potential of the permissed-free data economy while still protecting privacy.

Effective decentralized data solutions are few and far between, so& have spent Ocean Protocol will beIs a welcome development for the project. Researchers, manufacturers and iot developers who want to take advantage of data opportunities are likely to join the project.

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