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Ocean Protocol: Data Dialogue, Opinion on FaceBook Libra

Biweekly update 24th July — 6th August

Greetings to all! We believe you remember Ocean Protocol, an ecosystem for the data economy and associated services, with a tokenized service layer that securely exposes data, storage, compute and algorithms for consumption. There is little news we want to share with you.

First, there is a live video of Data Dialogue. It was a meetup, presented by SGInnovate and Ocean Protocol. Trough this event speakers delved into the healthcare vertical. As we know, Ocean Protocol is sharing a healthcare use case demo on its collaboration with ConnectedLife where there is a system in place to continuously and objectively monitor the motor symptoms of people living with Parkinson’s, and for that data to be shared with healthcare professionals, who in turn can adjust and prescribe a treatment tailored to the individual. We believe that partnership with SGInnovcate can improve Ocean, and any use-case makes any project better.

Second, we’ve found Bruce Pon’s, Ocean co-founder, opinion on FaceBook Libra. In his view, Facebook hasn’t earned the trust of the blockchain community. Furthermore, he admitted that it hasn’t he has not been optimistic, but a lot of people have been skeptical. We think that the blockchain community is skeptical about FaceBook Libra.

To conclude, the Ocean team has not made significant changes. However, the development is still going on, and we hope developers will create substantial updates.

Development

GitHub metrics:

Development is ongoing. Commits on public GitHub appears regularly, several times a day.

Developer activity (from Coinlib.io):

Social encounters

  • Data Dialogue: Enabling Healthcare Innovations
Presented by SGInnovate and Ocean Protocol

The potential of Artificial Intelligence (AI) applications and advancement in healthcare is vast — from AI chatbots for patients to early diagnosis and genome sequencing. However, the industry is facing the constraint of sharing data within local organisations and across borders to further advance AI research. As part of the Data Dialogue series, speakers delve into the healthcare vertical.

Ocean Protocol is sharing a healthcare use case demo on their collaboration with ConnectedLife where there is a system in place to continuously and objectively monitor the motor symptoms of people living with Parkinson’s, and for that data to be shared with healthcare professionals, who in turn can adjust and prescribe a treatment tailored to the individual.

After the presentation, join us in an in-depth discussion with the expert panel on data sharing in the industry and the challenges within.

Date: 25 July 2019, Thursday

Time: 6:00pm — 8:00pm

Upcoming events:

Finance

Source: CoinMarketCap

Roadmap

Seed November 2017

  • Ocean Token seed distribution
  • Technical Primer
  • Marketplace Framework

Whitepapers February 2018

  • Released Technical Whitepaper & Business Whitepaper

Pre-Launch March 2018

  • Ocean Token pre-launch distribution with 3500 Contributors in 100 countries
  • Activated community & built up the team
  • Announced partnership with IBM Watson AI XPRIZE
  • Advisor Program launched with 40 advisors in 20 cities
  • Bounty Program launched with 15 bounties and 88,000 PROCN tokens offered

Plankton August 2018

  • Spree test network created
  • Ocean Enhancement Proposals introduced
  • Pleuston, a proof-of-concept data marketplace

V1 Alpha (Trilobite) December 2018

  • Spree test network updated
  • Development and documentation of Ocean network components
  • Building global community: 130+ events, 35+ advisors, 120+ ambassadors in 40 countries, 15+ bounties
  • Partnerships & collaborations: MOBI Grand Challenge, Fitchain

V1 Beta (Tethys) April 2019

  • Nile beta network deployed, with Service Execution Agreements, Access control, Metadata store
  • Commons marketplace
  • Project Manta Ray, a data science workflow powered by Ocean Protocol
  • More collaborations announced

V1 2019 *

  • Production-ready Ocean network
  • Case specific marketplaces
  • Web 2.0 integration (for compute and storage services)
  • Improved Service Execution Agreements: staking conditions; slashing conditions; bounty rewards; competition rewards

V2 2019 or 2020 *

  • Proof of Authority network
  • Initial PoA network governance enabling contract update prioritization and upgrades, and network optimization
  • Token migration from ETH Mainnet to Ocean PoA

V3 TBD *

  • Verification and Validation of conditions and service (cryptographic proofs)
  • Incentives / network rewards for different actors (including verifiers)
  • Web 3.0 integration (for example: with other decentralized projects)

V4 TBD *

  • Bounties on-chain (DASH style model)
  • Clan governance (enable marketplace specific governance, group governance, etc.)

V5 TBD *

  • Fully permission-less Ocean Protocol
  • Balanced governance: transparent process for updating protocol that balances stakeholder needs (keepers, service providers, curators, validators)

Partnerships and team members

No updates

Rumours

“It’s good that a large company recognizes the value of blockchain. It’s good that we have more people through the Facebook platform, who will be exposed to blockchain, Bitcoin and Ethereum. The part that I’m concerned about is, what is Facebook going to really do with the data? Are they actually going to usurp national laws in a way that steals people’s data or disenfranchises people? Are the hundred consortium members going to be this super group, who essentially control the flow of information, both transactions and data and our social graph in a way that we don’t really foresee now, and given Facebook’s track record — it’s not that I’m not optimistic, but a lot of people are skeptical.”

Social media metrics

Social media activity:

Considering that Ocean Protocol is not an old project and its IEO was conducted only on 2nd May 2019, Ocean has a great community.

Social media dynamics:

The graph above shows the dynamics of changes in the number of Ocean Reddit subscribers and Twitter followers. The information is taken from Coingecko.com.

This is not financial advice.

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