Ocean Protocol
Name
Ocean Protocol
Summary
Ocean Protocol is an ecosystem for the data economy and associated services.
It was founded by Bruce pon, Trent McConaghy, Cristina Pon, Daryl Arnold, Donald Gossen and Dimitri De Jonghe
It is built on the ethereum platform.
Rating
Symbol
OCEAN
Overview
Ocean Protocol is a blockchain-based ecosystem that enables individuals and organisations to effortlessly unlock the value of their data and monetise it using ERC-20 datatokens.
Publishers may monetise their data while maintaining privacy and control, and consumers can now access datasets that were previously unavailable or difficult to uncover due to Ocean Protocol. These datasets can be found on the Ocean Market, where they can be bought and used or sold afterwards.
Each data service on Ocean Protocol is represented by a unique datatoken, which is used to wrap a dataset or compute-to-data service, allowing third-parties to conduct operations on the data without leaving the publisher's safe enclave.
Historical Price Movement (in INR)
Technology
On the Ethereum network, OCEAN is currently an ERC-20 token. As a result, it is protected from a number of assaults by Ethereum's massive proof-of-work (POW) mining and node network.
Ocean Protocol used to run on a proof-of-authority (PoA) sidechain, however that was abandoned in order to keep datatokens compatible with the Ethereum environment.
Use of Native tokens in the ecosystem: OCEAN is a utility token that is utilised for community governance and data staking, as well as buying and selling data on the Ocean Market as the basic unit of exchange. The price of these datatokens is determined by an OCEAN-datatoken AMM pool, which adjusts the price of the datatoken based on supply and demand as it is bought and sold.
Project founders
20%
Acquirors (SAFTE purchasers)
15%
Ocean Protocol Foundation
5%
Keepers (those that run Ocean network nodes)
60%
Volume ( as of 2nd May 2022)
$22,628,339
Total Supply
613,099,141 OCEAN
Circulating Supply
613,099,141 OCEAN
Crowd Sales
Ocean Protocol has raised a total of $28.1M in funding
Funding
13/05/2019: Initial Coin Offering- $6M
9/3/2018: Initial Coin Offering- $22.1M
2/01/2018:Seed Round- NA
1/11/2017: Venture Round- NA
Country
Singapore
Name of Organisation
Ocean Protocol Foundation Ltd
Year Incorporated
2017
Registered Address
The Commerce @ Irving, 1 Irving Place, #08-11 , Singapore, 369546, SG
Dispute Resolution and Governing Law
Singapore
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Bruce Pon | Co-Founder | MIT Sloan School of Management: Advanced Certificate for Executives in Management, Innovation and Technology (ACE)University of Saskatchewan: Bachelor’s Degree, B.Sc. in Engineering | 25 Yrs |
| Cristina Pon | Co-Founder | Saïd Business School, University of Oxford: Oxford Blockchain Strategy | 16 Yrs |
| Daryl Arnold | Co-Founder | The London School of Economics and Political Science (LSE): Master of Science (MSc), Analysis, Design and Management of Information Systems | 23 Yrs |
| Donald Gossen | Co-Founder | University of Alberta: BSc. Engineering, Computer Engineering | 16 Yrs |
| Dimitri De Jonghe | Co-Founder | KU Leuven: Ph. D., Robust Modeling of Analog and Mixed-Signal CiruitsKU Leuven: Master in Engineering, ICT - Micro-electronics | 11 Yrs |
| Trent McConaghy | Co-Founder | NA | NA |
