Ocean Protocol

Halal Rating :
Questionable
Last Price $0.96 Last updated:
Rank 126
1D Change -4.45 %
Market Cap $546.2m
Circulating supply 568,381,103
Maximum supply 1,410,000,000

Crypto Overview

Categories
  • Platform
  • AI & Big Data
  • DeFi
  • Filesharing
  • DAO
  • Substrate
  • Storage
  • Polkadot Ecosystem
  • DCG Portfolio
  • Fabric Ventures Portfolio
  • Polygon Ecosystem
  • Web3
  • Injective Ecosystem

Ocean Protocol is an ecosystem for sharing data and associated services. It provides a tokenized service layer that exposes data, storage, compute and algorithms for consumption with a set of deterministic proofs on availability and integrity that serve as verifiable service agreements. There is staking on services to signal quality, reputation and ward against Sybil Attacks. Ocean helps to unlock data, particularly for AI. It is designed for scale and uses blockchain technology that allows data to be shared and sold in a safe, secure and transparent manner. The Ocean Protocol is an ecosystem composed of data assets and services, where assets are represented by data and algorithms, and services are represented by integration, processing and persistence mechanisms. Ocean Protocol facilitates discovery by storing and promoting metadata, linking assets and services, and provides a licensing framework that has toolsets for pricing. A multitude of data marketplaces can hook into Ocean Protocol to provide “last mile” services to connect data providers and consumers. Ocean Protocol is designed so that data owners cannot be locked-in to any single marketplace. The data owner controls each dataset.

Crypto Impact

To assign a comfort level investing in Ocean Protocol from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Ocean Protocol.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Justification for our Halal Rating