A decentralized data exchange protocol focussed on data collation, sharing, and monetization, Ocean Protocol, has revealed a pilot program collaborating with Mercedes-Benz’ manufacturer Daimler AG.
Daimler’s South East Asia subsidiary will use blockchain-based solutions to collect and monetize the firm’s data.
The pilot will demonstrate Ocean Protocol’s recently revealed”Compute-to-Data” protocol to guard the privacy of Daimler’s data while permitting the info to be analyzed and aggregated by 3rd parties.
Pilot As A Scalable Blueprint For Deployment
Ocean is hoping that the pilot will attract further new collaborations with the leading global firms, describing the pilot as a scalable blueprint for deployment.
Frank Schur, Daimler Singapore’s senior manager of IT technology, described the decentralized data marketplaces as “an interesting position” offering “an exciting opportunity for aggregation of knowledge with a transparent compensation approach.”
Ocean’ New Release : “Compute-to-Data”
The pilot will comprise the primary major initiative employing Ocean’ latest release, “Compute-to-Data.”
Launched in mid-May, Compute-to-Data seeks to permit entities to take care of the privacy of their data while allowing third-parties to perform “specific computation jobs” analyzing said information.
The results of the protocol’s analysis can then be packaged for monetization or shared to inform scientific or technological research.