Today, the blockchain and AI organization Ocean Protocol announced it completed a pilot project with Mercedes-Benz parent Daimler for decentralized data exchange.
Ocean Protocol is a decentralized data exchange protocol that enables enterprises to share data and monetize it. What does that mean? Companies have silos of data that they may want to share. For example, if your company has some analytics that shows certain user behavior, how does that metric differ from other companies’ experiences?
But your competitors won’t want to share their data with you. What if instead your competitor lets you run analytics or AI on their data purely to calculate the metric without the data leaving your control. They get to review the algorithm first before using their data to ensure access is very limited. The third party only has access to data for the calculation, it doesn’t get to see the detail. That’s what Ocean Protocol’s Compute-to-Data solution offers.
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