Since the launch of Bittrex International’s Ocean protocol, there have been talks about the decentralized data economy that it plans to achieve. With the registrations still open for their initial exchange offer, you could log in on their website today to be a part of the data revolution that can step up from this technology.
Ocean Protocol aims at building a shared data economy on a blockchain framework. It will provide the sharing of data resources while maintaining to secure it and also make it available to trace it. This way, data providers can track where the data is being used and for what purpose. It will make the internet a little safer as long as data exchange is concerned.
The trait of transparency serves a purpose. It allows all the stakeholders to get access to all that is going on in the exchange. When you are a data provider, you want to know where your data is headed as soon as you let it go.
We are delighted to announce that @BittrexIntl will be conducting an Initial Exchange Offering (IEO) for Ocean Protocol on April 30th, 2019 at 16:00 GMT / 18:00 CEST / 09:00 PST. #ANewDataEconomy #Bittrex #IEO https://t.co/vTufkA06Mq
— Ocean Protocol (@oceanprotocol) April 17, 2019
The Greater Good
This Data exchange could prove to be more than just another blockchain exchange because the information shared here could be used anywhere in the world who have access to the Ocean protocol. Data scientists, programmers and crypto enthusiast around the world getting their heads together to understanding the biggest pool of data in the world.
It could be the canvas these people could be collaborating on, and they would one day create the greatest masterpiece in the world of data. Think of the humongous results it can bring. Innovations would leap out like never before. And with the said transparency, everybody would know about the latest innovations and be a part of it.
Suggestions would flow in, and results would be arrived at. It would be a big sized brain with hundreds of individual brains contributing. It would make room for innovation as nothing has ever done. In the rapidly growing blockchain industry, this huge step could mean that the technologies that have been in the pipelines for years could be finally given a push.
Also, new angles on technologies and new threats could be found on the existing technologies. It would be an ongoing process of change and improvement. There will always be something changing and making things better.
After all, there’s so much a single man can do. If the people have come together for this great union of intellectual minds, there could only be an improved, polished world of technology without threats.