Compute-to-Data is now available in Ocean Market

Ocean Protocol released integration of Compute-to-Data into #Ocean Market to enable buying & selling of private data, while preserving privacy.

Compute-to-Data resolves the tradeoff between the benefits of using private data, and the risks of exposing it. It does so by providing a means to exchange data while preserving privacy by allowing the data to stay on-premise with data publishers, yet allows data consumers to run compute jobs on data — all through the Ocean Market interface.

Users can benefit from this technology in a number of ways.

• Data owners can monetize their data while maintaining privacy and control.
• Data consumers can access private data without liability of directly seeing private data.
• AI practitioners & data scientists can access valuable, private data that was previously unavailable, which can lead to more accurate AI models to improve research and business outcomes.
• AI practitioners can also publish their own algorithms,allowing them to earn passive income every time their algorithm is downloaded or run as part of a Compute Job. They can even retain privacy of the algorithms themselves.
• Businesses and entrepreneurs can quickly launch their own data marketplace for their vertical, and leverage Compute-to-Data to preserve their sellers’ privacy and support more compute & AI flows.

This release makes Ocean Compute-to-Data available to be more widely used via Ocean Market, building on backend support and private enterprise frontend work that goes back almost a year. The learnings from these initial deployments all fed back into this release. We’re very excited to take another big step towards realizing our vision of data as a new asset class. – Alex Coseru, VP of Engineering at Ocean Protocol.

What is Ocean Protocol?

Ocean Protocol’s mission is to kickstart a Web3 Data Economy that reaches the world, giving power back to data owners and enabling people to capture value from data to better our world.

Data is a new asset class; Ocean Protocol unlocks its value. Data owners and consumers use the Ocean Market app to publish, discover, and consume data assets in a secure, privacy-preserving fashion.

Ocean datatokens turn data into data assets. This enables data wallets, data exchanges, and data co-ops by leveraging crypto wallets, exchanges, and other DeFi tools. Projects use Ocean libraries and OCEAN in their own apps to help drive the Web3 Data Economy.

📰 INFO:

https://blog.oceanprotocol.com/compute-to-data-is-now-available-in-ocean-market-58868be52ef7