What will the Web3 Data Economy look like?
The shadow money economy (closed, power concentrated) moved to the token economy (open, permissionless). It has a base layer of reserve currency / store of value (BTC), unit of exchange (ETH) and token / app launch platform (Ethereum). And there are financial & utility last miles, like wallets, exchanges, and dapps.
We envision similar for the data economy. The shadow data economy (closed, power concentrated) will move to the Web3 data economy (open, permissionless). It will have a base layer of reserve currency / store of value, a unit of exchange, and data asset launch platform. Ocean Protocol's design provides all of these as a substrate, with artificial intelligence use cases as the linchpin. Finally, just like the token economy there are financial & utility last miles, like data wallets, data exchanges, and data science tools using Ocean tokens.
This talk was presented at the Web3 Summit, Berlin, Oct 22-24, 2018
PDF version: http://trent.st/content/20181022.2%20Web3%20Summit%20-%20McConaghy.pdf