# What Is Ocean Protocol (OCEAN)?

By [crypto-kingpin.eth](https://paragraph.com/@crypto-kingpin-eth) · 2023-03-28

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1/ Introducing Ocean Protocol – a decentralized **data exchange** protocol that empowers individuals, businesses, and governments to unlock the value of their data while preserving privacy and security

2/ Are you tired of giving away your personal data for free? With Ocean Protocol, you can take control of your data and choose who to share it with. You can even **earn tokens** for selling your data.

3/ Ocean Protocol has a market place where you can see different datasets are ready to be sold to different parties, this eliminates a third-party service like **google** or **facebook** from owning your private data

![](https://storage.googleapis.com/papyrus_images/e88d3b8e761e305086503890c83461eaeddf8f37565081e69d9097b45a672f17.png)

4/ it uses **data NFTs** and **datatokens.** A data NFT is a non-fungible ERC721 token representing **copyright of a data** service; a datatoken is a fungible ERC20 token to **access the service**

5/ How It sells Your Data While Preserving The Privacy?

with the help of **Compute-to-data** method resolves the tradeoff between the benefits of **using private data**, and the **risks of exposing** it. It lets the data stay on-premise, yet allows 3rd parties to run specific compute jobs on it to get useful compute results like averaging or building an AI model

6/ How This Project Is related to A.I?

in my opinion ocean protocol is actually a **data provider service** rather than an AI project, but also various AI projects can benefit from **ocean’s data** to to train their models. regardless of AI, this project seems a legitimate project that isn’t trying to **benefit** from the AI hype train

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*Originally published on [crypto-kingpin.eth](https://paragraph.com/@crypto-kingpin-eth/what-is-ocean-protocol-ocean)*