Thread by @Wanderclyffe1

So ,for all those twitter users who are seeing this but are not part of $ocean community
This is a must read for you !!!
Just give me the next 15 mins of your life to explain the future of #dataeconomy by @oceanprotocol
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#BTCUSD #btc #ethereum @elonmusk #Crypto #oceanprotocol

I will start with this direct question
How will the collision of #AI and #Blockchain will look like and what will happen if we unleash AI into a decentralised substrate like #Ethereum ?
I know its confusing but
As we all know that AI needs a lot of data to operate at its best...

And blockchain helps sharing datasets for higher accuracy models and more but whether be it blockchains or AI for big data , all roads lead to thing - The problem of quality data !!!
Many enterprises have plenty of data but don't know how to make it available to the world .

The huge amount of value is undoubtedly there and many startups know how to turn data into value using AI but they are all starving for data
And lets face it tho, Everything and every industry or economy around us whether be it healthcare, sciences, defence, education...

...Automobile, space, technology etc. , all these are constructs of data and their growth is dependent on how they acquire, manage and analyse that data
Right ?
BUT this 'DATA' , the core organiser of this society, is controlled only by handful of companies....

.... With more power and resources .
Just like we have markets around #Gold and #oil and both of these are widely recognised tangible assets and a store of value , Data , while driving the 28% of world's GDP is still not considered an "asset" and has no markets around it.

The Demand for data is there and the businesses and organisations with huge amounts of data is also there . The only thing lacking is a medium of exchange , a protocol or a platform where these data buyers or sellers can safely exchange datasets .

In short, a decentralised scalable technology with tight user privacy control and data sharing plus also being government and regulator friendly at the same time

INTRODUCING @oceanprotocol
They started with a decentralised data marketplace but soon realised that ..

They could unlock a whole new ecosystem of marketplaces and exchanges ,of ways to supply and consume data
It is a protocol or a network on which data marketplaces can be built on . Its network handles storing of metadata(i.e. who owns what) , links to the data itself and more...

.... And the best part is that , $ocean market is forkable which means that there can be a 1000's of data marketplaces which can be built on top of @oceanprotocol
Consider it like this, just like $eth laid the foundation of this token economy where it provides tools for ...

... Dapps to build on top of it and at the core is $eth token running and fueling the ecosystem .
@oceanprotocol Is doing the same for #dataeconomy while being decentralised
Like for example -
1) There can be a marketplace To help small farmers - globenewswire.com/news-release/2…

2) In the robotics industry with Robonomics - blog.oceanprotocol.com/ocean-protocol…
3) Or in the automobile with @Tesla And @DaimlerTruckBus
Links - medium.com/@TeamOcean/oce…
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pedroporky.medium.com/mercedes-benz-…

Dont worry, there are many more big names like @DigitalEU @Microsoft Etc.

So , with that said and showing how big $ocean is
Lets understand how are they actually making data a tangible asset
I.e. by tokenising it
By simply leveraging the old infrastructure of token economy , data can be made an asset too , just like Gold and oil

These datatokens(Tokenised datasets) will make it easy for the datasets to seamlessly flow and trade and used like other assets . Thus, integrating data into #DeFi Applications .
There can be a various types of datatokens like
1) data NFTs which are similar to how #NFTs ...

.... Can contain IP , they can also hold a unique set of data which can be sold
2) Data utility tokens which are like granting access to a particular dataset like for example - If you have that datatoken, you have the license to access it.
If you transfer the datatoken...

... Or sell it , the access is transferred too. The access can be perpetual like use as many times as you want or one time only thus burning the datatoken after its one time use and since now, data is an asset class too . It will open a whole new world of financial services ...

... Like lending, insurance, data as a collateral , borrowing etc.

Thus, summarising everything - @oceanprotocol Solution consists of some key elements
1) $ocean market - It is an open source data marketplace and since its open sources, developers can use the code ...

... To build their own marketplace . Users can publish trade and consume datasets on $ocean market using smart contracts and $ocean tokens
2) By publishing a dataset, a publisher mints a datatoken for that dataset and by doing so , Data publisher specifies access conditions ...

Like who can access it , under what conditions and for how long . These datatokens are ERC-20 compatible and can integrate with defi ecosystem allowing exchange and trade of data
3) Compute to data in $ocean market allows users to sell private data while preserving privacy...

.... It addresses the tradeoff between the benefits of using private data and risks of exposing it, with compute to data , data never leaves compute premises yet allows value to be extracted from it . This means that data owners can monetise data without sacrificing ...

.... Privacy and control while AI researchers and data buyers can extract value from it with analytics , AI modelling and more
With these key elements
1) Anyone can publish data for sale
2) Entrepreneurs can set up a new marketplace to curate and monetise data ...

3) Curators can stake on high quality data and data services that are diverse and likely to gain in value
4) Defi protocols can apply their tools to data and allow financialization of data assets
5) Developers can access grants and bounties for maintainence and improvement ...

...of the network !!!

Introducing @OceanDAO_

A big stepping stone towards a new data economy
Daos are short for Decentralised autonomous organisation in which the governance is to those who has the tokens and those token holders can decide about the direction and future ...

.... Of the system by voting for or against a proposal
Right now, @OceanDAO_ Grants funds towards projects creating positive ROI for $ocean ecosystem . $ocean holders can decide by vote which project proposals will receive funding and which are most likely to grow

1 $ocean equates to 1 vote
Rn, @OceanDAO_ Have more than 250+ projects that are working towards maturing this data economy
For eg. @DatatokenApp , @FELToken , @H2O_data , @DATALATTE_ , @TheDataShift And many more

Sure enough,blockchain and Big Data are a match made in heavens. The real question is who will be the first to provide the most suitable and best trained AI/machine learning model operating on top of distributed, transparent and immutable blockchain-generated data layers...

...and guess what , looks like we have an answer to that
@oceanprotocol

@UnrollThread