Ocean Protocol x Fractal Protocol Partnership
Ocean Protocol has entered into a strategic partnership with Fractal for kickstarting identity verification in the Ocean Market.
Fractal’s system is powered by an incentive process that attracts data growth and drives innovation by allowing new business models based on data to emerge.
🔹As part of this collaboration:
- 🔸By combining Fractal´s Protocol-based Data Provisioning Incentivization with Ocean’s privacy-preserving Compute-to-Data feature and Ocean Market for data, users can take ownership of their data and monetize it themselves.
- 🔸By way of example, Fractal will use Ocean technology to build a Facebook Data Exfiltrator 3000. Data publishers will download their Facebook data, publish it in the Ocean Market, and be able to monetize it in a privacy-preserving fashion using Ocean’s Compute-to-Data feature. Data curators, consumers, and traders can stake on data to signal their support, add liquidity, and share in the transaction fees.
- 🔸Fractal will also provide additional identity guarantees for data publishers on the Ocean Market. Currently, the Ocean Market uses 3Box to allow data publishers to attach profile info to their Ethereum addresses. Through Fractal’s identity verification feature, data publishers on Ocean Market can use Fractal to upload their credentials to the marketplace during the publishing process.
“We’ve been working with Fractal since 2017. I’m glad that we can now work together on integrating our complimentary technologies to unlock data and give people the option to monetize it themselves. It’s inevitable that data unions for Facebook data will form to strengthen the users’ collective bargaining with the large internet platforms.”
–Bruce Pon, Ocean Protocol founder
“Years of mutual inspiration and respect, Ocean and Fractal finally collaborate actively on revolutionizing the data economy together. What we build now might be a big step towards a new data economy, but for us it is only the beginning”.
–Julian Leitloff, CEO and founder of Fractal
About Ocean Protocol
Ocean Protocol is Decentralized Data Exchange Protocol to Unlock Data for AI.
About Fractal
Fractal is an open source zero-margin protocol that defines a basic standard to exchange user information in a fair and open way.
📰 INFO
