Curious about $OCEAN and @oceanprotocol? 🤔

Wondering what's all the hype about a #NewDataEconomy?

Maybe you heard $OCEAN is a good investment & you want to learn more?

Welcome! You're in the right place. My SWOT Analysis (Strengths, Weaknesses Opportunities, Threats) below. 1/ $OCEAN is leading the way towards a #NewDataEconomy.

In the future, data will be tokenized & traded on $OCEAN data marketplaces, in a multi-trillion dollar industry.

So, what does the future hold?

📌 Bookmark this now. I'm about to go deep. ⬇

Thread: $OCEAN SWOT Analysis

1/ $OCEAN SWOT Analysis: TL;DR Summary

When you consider Ocean's Strengths, Weaknesses, Opportunities & Threats, @oceanprotocol is a very solid project.

Ocean's Strengths & Opportunities FAR OUTWEIGH its Weaknesses & Threats. 2/ I expect the #NewDataEconomy to be worth at least $1 Trillion in the next few years, and $OCEAN is poised for big growth.

$OCEAN has HUGE strengths which will be significant for their long-term success.

Explore Ocean's Strengths in detail:

https://twitter.com/Deep_Data_Diver/status/1462646552678342657?s=20

1/ My $OCEAN Investment Thesis:

I believe, with a high-degree of certainty, that $OCEAN has a very favorable risk/reward ratio, over the long run.

That said, let me get this out of the way before I go further: This is NOT FINANCIAL ADVICE. Do your own research... 2/ These are merely ideas & I have no way of knowing the future. I will not advise you on what to do with your money. Everything I write or retweet is just a collection of ideas and opinions. It's NOT financial advice.

We clear? Good.

Read on for the good stuff about $OCEAN...

1/ Let's consider $OCEAN's threats from an external perspective.

Questions we'll consider about @oceanprotocol:

✅ What obstacles does $OCEAN face?
✅ What are $OCEAN's competitors doing better than them?
✅ Is a change in technology threatening $OCEAN's position? 2/ More questions:

✅ What threats does $OCEAN's weaknesses put them at risk of?
✅ Do changes in lifestyle, social patterns, etc., pose a threat to $OCEAN?

1/ Let's consider $OCEAN's opportunities from an external perspective.

Questions we're going to consider about @oceanprotocol:

✅ What good opportunities are available in Ocean Protocol's target market?
✅ What are some trends that Ocean Protocol can capitalize on? 2/ More questions:

✅ Are there changes in technology or markets that $OCEAN Protocol can take advantage of?
✅ Are there changes in lifestyle, social patterns, etc, that Ocean Protocol can take advantage of?
✅ What emerging markets or use-cases can Ocean Protocol move into?

1/ Let's consider $OCEAN's weaknesses from an internal & end-user perspective.

Questions we'll consider about @oceanprotocol:

✅ What does Ocean Protocol not do well?
✅ What weaknesses do end-users see in Ocean Protocol?
✅ What factors contribute to a weaker brand image? 2/ Remember, for the best and most up-to-date information, read each linked thread to the very end, as I'll post updates/new information as it comes in. These updates will be posted at the end of each linked thread.

Ready to explore $OCEAN's weaknesses? Let's do it!

1/ Let's consider $OCEAN's strengths from an internal and end-user perspective.

Questions we're going to consider:

✅ What advantages does $OCEAN have?
✅ What unique resources does $OCEAN have that others do not?
✅ What is $OCEAN ’s Unique Selling Proposition? 2/ More questions:

✅ What positive consumer perception does $OCEAN have?
✅ What low-cost resources does $OCEAN have access to that others do not?

Next, let's answer these questions, together. Let's identify some key strengths of @oceanprotocol.

1/ Gaia-X is a project where representatives from business, politics, and science in Europe & around the globe are working together, to create a federated and secure data infrastructure.

@oceanprotocol is at the heart of the @gaiax_aisbl effort. 2/ In Gaia-X, members are organized in the following domain working groups or hubs:

(All are opportunities for $OCEAN)

1. Agriculture
2. Energy
3. Finance
4. Geoinformation
5. Health
6. Industry 4.0/SME
7. Mobility
8. Public Sector
9. Smart City/Smart Region
10. Smart Living

1/ As smart cities get smarter, citizens have begun to express concerns about the use of their data, and whether their privacy is being sacrificed for the benefit of big data. $OCEAN can solve this problem. 2/ Smart information systems (data) are the key to smart city innovation.

Thanks to increased access to data, local governments can enact smart & informed decisions to help their communities. Data saves money, increases sustainability & provides accurate solutions to problems.

1/ Imagine having a "wallet" for your private health data that allows you to easily share this data with any healthcare provider, while still retaining complete data ownership.

This is a "Mobile Healthcare Wallet." $OCEAN will facilitate this. And it'll revolutionize healthcare. 2/ Now, imagine that this $OCEAN-powered "Mobile Healthcare Wallet" allowed insurance claims to process quickly and efficiently, and allowed data to be shared across healthcare providers effortlessly. Having something like this would have tremendous benefits.

1/ The mobility sector is a HUGE opportunity for @oceanprotocol. In 2021, it's estimated that mobility will be worth nearly $1 Trillion & it's only going to keep getting bigger: statista.com/outlook/mmo/mo…

This is a perfect opportunity for $OCEAN! 2/ When you think of mobility, think of everything that moves people around.

Mobility comprises both electric & gas powered cars, scooters, bikes, subways, trains, buses, airplanes, & more. Add in all the transportation-sharing options (car-sharing, taxi, etc) & it's a lot.

1/ When you think of recommender systems, what comes to mind? YouTube, Amazon, Netflix, etc.

Or do you think of what they are? Algorithms that suggest relevant items to users (movies to watch, things to read, products to buy, etc...). 2/ Recommender systems are at the core of a HUGE industry that $OCEAN can disrupt.

Think about it. Instead of #BigData telling you what to look at, you can bring your own dataset & curate it how you want, to see what YOU want to look at.

This creates so many possibilities...

1/ Academic researchers face considerable challenges in sourcing the data that their work requires.

$OCEAN can solve this... 2/ A #Web3 data exchange protocol like @oceanprotocol will give researchers the data they need, while compensating those who publish the data.

Win-win!

datawhale.online/post/an-approa…

1/ Since data touches everything, and $OCEAN's core value proposition is to unlock the value of that data, Ocean's biggest opportunity (and biggest challenge) is to increase data consumption / liquidity. 2/ This is a bit of a chicken-and-egg dilemma.

First the chicken (Data Supply & Liquidity): 🐓

In order for data consumption to increase, the $OCEAN Market needs an adequate supply of high-quality datasets & sufficient liquidity to enable the marketplace to run efficiently.

1/ In crypto, the importance of a strong community cannot be overstated, and the Ocean community is strong. 💪

$OCEAN has a strong community of enthusiasts, and data professionals, on many different platforms. 2/ On CT, here are some alpha accounts that you need to follow, to understand $OCEAN:

https://twitter.com/Deep_Data_Diver/status/1462624396909162499?s=20

1/ It's no secret that the @oceanprotocol team is strong.

Made up of the $OCEAN Core Team, Third-party Product Teams, & 80+ @OceanDao_ teams, there are a LOT of people working to develop the Ocean Ecosystem.

Let's start with the co-founders... 2/ Trent McConaghy is an entrepreneur with 20 years of deep technology experience with a focus on machine learning, data visualization and user experience. He is a co-founder of @oceanprotocol.

His work on $OCEAN & recently @tokenspice is remarkable: trent.st

1/ $OCEAN has MANY established partnerships that are starting to develop into viable technical solutions, actual data marketplaces, or data suppliers that are growing $OCEAN-powered data marketplaces.

https://twitter.com/altcoinrick/status/1372896065029083138?s=21

2/ Recently, @oceanprotocol's partnership with @riddleandcode announced a hardware car wallet in @Tesla vehicles's to allow drivers to earn money/tokens by driving. They can then use these tokens to charge their vehicle, pay for parking, etc...

https://twitter.com/CryptoWally2/status/1455491591150395394?s=20

1/ The technology behind @oceanprotocol is revolutionary.

$OCEAN enables a #NewDataEconomy with the combo of datatokens & Automated Market Maker (AMM) tech, while also revolutionizing data sharing with Compute-to-Data.

Let's dive in to understand both. 2/ The heart of the $OCEAN Market is a combo of datatokens & @balancer Automated Market Maker (AMM) technology.

This tech allows anyone to publish a dataset & have its price auto-discovered. This also allows anyone to launch their own data marketplace.

Here's how it works...

1/ The name $OCEAN couldn't be more fitting. Ocean covers 70% of the Earth's surface.

Ocean is data. It touches everything.

Data is a multi-trillion dollar industry, and it keeps getting bigger.

A world of data swims in @oceanprotocol. 2/ Here's the truth: The world runs on data.

Data helps businesses be more efficient, helps organizations serve customers, and has the potential to dramatically improve the quality of life for everyone.

Not to mention, the global data market is already valued at ~$3 Trillion.

1/ SWOT is an acronym for Strengths, Weaknesses, Opportunities, & Threats.

A SWOT Analysis is one of the most commonly used tools to assess the internal & external environments of a company.

In this thread, we're going to use it to analyze $OCEAN. 2/ A SWOT analysis is divided into internal factors & external factors.

Internal factors: Strengths & Weaknesses
External factors: Opportunities & Threats

Strengths & Weaknesses are current or backward-looking. Opportunities & Threats are forward-looking.