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Roadmap
Alpha Aug ‘18, Mainnet Mar ‘19
Hacking Open the Open Data
Economy, Ocean style
@oceanprotocol
Trent McConaghy
Token
Economy
BTC, ETH, .*
Money
Transparent,
Permissionless
Shadow Money
Economy
The Fed, Banks
Opaque, Power
Concentrated
The Token Economy Is Opening Up Money
http://workspace.unpan.org/sites/internet/Documents/UNPAN98863.pdf
World Bank:
“Digital Economy is a Data Driven Economy”
Just as We Opened Money,
Let’s Open Data (While Maintaining Privacy)
Shadow Data
Economy
FB, GOOG
Token
Economy
BTC, ETH
Web3 Data
Economy
Ocean
Money
Transparent,
Permissionless
Shadow Money
Economy
The Fed, Banks
Data
Opaque, Power
Concentrated
About
Ocean
Ocean makes it easy to build
data commons + data marketplaces
Data market DM
Analytics &
data science tools
DM DM DM
Analysts & Data scientists
With problems to solve
Enterprises, govts, NGOs
With data & compute
Substrate for data economy
Data commons
Ocean is like Øx, but for data not tokens
The heart is data access control
On Ocean Tech
• Public EVM network, running Parity POA
• But with access control on data itself
• (Roadmap to Permissionless)
• TokenBridge to Ethereum mainnet
• “Squid” = SDKs in Python, JS, Java. REST API (alpha)
All Ocean Code is Open
github.com/oceanprotocol
Ocean Commons: Open Data on an Open Substrate
commons.oceanprotocol.com
Ocean MantaRay: Data Science on Hosted Jupyter Notebooks
datascience.oceanprotocol.com
Ocean Will Transform Data Custody
• “Not your keys, not your data”
• Data custody is now in the hands of the data owner
• Each govt entity, each company, each individual has a “data
wallet”.
• We can use existing token wallet infrastructure.
• Therefore inherit the benefits of token wallets
• Data custody = like token custody (sw wallets, hw wallets, etc)
• Transfer data access = like transferring tokens
• Data security = like token security (bank-grade by default)
Documentation:
docs.oceanprotocol.com
Example: Quickly build a React App
docs.oceanprotocol.co/tutorials/react-setup/
Opportunities
What does the Token Economy look like?
Base Layer
Economic
Last Mile
Reserve
currency,
store of
value
BTC, ..
App
funding
platform
Ethereum,
..
App
platform,
unit of
exchange
Ethereum,
..
Custodians
/ Wallets
Coinbase,
Trezor,
Metamask,
..
Mining
Bitmain, ..
Exchanges,
Collateral /
Stablecoins,
Loans (Defi)
Uniswap,
DAI, ..
Utility Last
Mile (Dapps)
Q: What will the data economy look like?
A: ≈The Token Economy
Reserve
currency,
store of
value
Data/asset
funding
platform
Data/asset
platform,
unit of
exchange
Custodians
/ Wallets
Mining:
Service
networks
Dec. Data
Exchanges,
Data as
Collateral,
Loans
Data Economy
Base Layer
Economic
Last Mile
Reserve
currency,
store of
value
BTC
App
funding
platform
Ethereum
App
platform,
unit of
exchange
Ethereum/
ETH, ..
Custodians
/ Wallets
Coinbase,
Trezor,
Metamask
Mining
Bitmain, ..
Exchanges,
Collateral /
Stablecoins,
Loans (Defi)
Uniswap,
DAI, ..
Utility Last
Mile (Dapps)
Token Economy
Ocean is the Substrate for the Data Economy
Reserve
currency,
store of
value
Data/asset
funding
platform
Data/asset
platform,
unit of
exchange
Custodians
/ Wallets
Mining:
Service
networks
Data
Exchanges,
Data as
Collateral,
Loans
Data Economy
Utility Last
Mile (Dapps)
Economic
Last Mile
Base
Layer
Data science tools
Substrate for
Data Economy
The Data Economy has myriad opportunities
Base Layer
Economic
Last Mile
Utility Last
Mile (Dapps)
Reserve
currency,
store of
value
Data/asset
funding
platform
Data/asset
platform,
unit of
exchange
Custodians
/ Wallets
Mining:
Service
networks
Data
Exchanges,
Data as
Collateral,
Loans
Data Economy
Opportunities in dapps (Analytics & data science tools)
++capabilities for users:
Buy/sell services via wallets
Way more data
Data/compute provenance
Reserve
currency,
store of
value
Data/asset
funding
platform
Data/asset
platform,
unit of
exchange
Custodians
/ Wallets
Mining:
Service
networks
Data
Exchanges,
Data as
Collateral,
Loans
Data Economy
Base Layer
Economic
Last Mile
Utility
Last Mile
(Dapps)
Data science tools
Opportunities in last financial mile 1/3:
Mining = Integrations with Data & Compute Services
Custodians /
Wallets
Mining:
Service
networks
Data
Exchanges,
Data as
Collateral,
Loans
Generalized mining for the data
economy
Opportunities in last financial mile 2/3:
Data custody
Custodians /
Wallets
Mining:
Service
networks
Data
Exchanges,
Data as
Collateral,
Loans
Riff on crypto wallets:
-Way more tokens.
-Data security, meet
token security
Hardware
data wallets
Data escrow Data unions
Sovereign
personal data
Opportunities in last financial mile 3/3:
Data * DeFi
Custodians /
Wallets
Mining:
Service
networks
Data
Exchanges,
Data as
Collateral,
Loans
Data-backed
stablecoins
Borrowing data
Loaning data
Data
insurance
Non-custodial data
exchanges
Automated data
market makers
Data DAOs to
govern data
ICO’ing
datasets
Pricing data with
bonding curves
Long-tail data tokens
(1M datasets)
Opportunities 2:
Data Economy Challenge
What type of data marketplace could you build?
Marketplace for
supply chain data
Marketplace for
energy data
Fork Ocean
Commons, add a
killer feature
Bundle datasets into
dataset portfolios
(Set Protocol * Ocean)
Marketplace
for synthetic
data
Market with built-in
data exploration
Fork an existing token
exchange, twist it for data
exchange
Price data
with
channel
auctions
Marketplace
with DAO-
driven data
labeling
Price data with
bonding curves
Marketplace for low-
liquidity datasets
Via e.g. n-token automated
market maker
(think Balancer)
Getting started on marketplaces
• Docs: Quickstart
https://docs.oceanprotocol.com/setup/quickstart/
• Docs: Set Up a Marketplace
https://docs.oceanprotocol.com/setup/marketplace/
• Tutorial: Ocean React App
https://docs.oceanprotocol.com/tutorials/react-setup/
• Commons Marketplace
https://github.com/oceanprotocol/commons
What type of integration could you build?
Integrate Iota’s data
market as datafeed
Integrate fetch.ai
algorithm results as
data
Integrate into
OpenML and its
20,000 datasets
Integrate into Azure ML
Studio
(IDE for AI modeling)
Integrate Ethereum
Swarm, Storj, Sia,
Filecoin beta
Integrate Chainlink
on Ocean mainnet
(start with OP’s
prototype)
Integrate to TensorFlow to
-consume training data
-supply AI models as data
Fork
MantaRay,
add asset
search
Use OrbitDB for
metadata store
(in Aquarius)
Make Ocean
data available
directly in scikit
learn
Integrate SEED
bots as data
Getting started on integrations
• Docs: Jupyter Notebooks
https://docs.oceanprotocol.com/tutorials/jupyter-
notebooks/
• Blog: Project Manta Ray — Data Science powered by OP
https://blog.oceanprotocol.com/project-manta-ray-data-
science-powered-by-ocean-protocol-535c54089b0f
• GitHub: mantaray
https://github.com/oceanprotocol/mantaray
• GitHub: mantaray_utilities
https://github.com/oceanprotocol/mantaray_utilities
• Docs: Set up Azure Storage
https://docs.oceanprotocol.com/tutorials/azure-for-brizo/
What sort of Wild Card could you build?
Data as collateral
E.g. demonstrate
datasets could fit in
multi-collateral DAI
An Ocean block explorer
with integrated dataset
visualization e.g.
with MetabaseContinuously Fungible Data Assets
E.g. take an NFT-ized dataset, and
wrap it with a bonding curve (“make
re-fungible”).
A Data Wallet
E.g. take an Ocean dataset and
wrap with NFT; then integrate
with an NFT wallet
On-chain evolution of EVM bytecode
An ArtDAO, e.g.
extend
Simondlr’s
Artonomous
https://blog.oceanprotocol.com/data-economy-challenge-wild-card-e3593e15a971
Limited-Edition Fungible Data Assets
E.g. take an NFT-ized dataset, and
wrap it with a simple ERC20 contract.
Roadmap
Alpha Aug ‘18, Mainnet Mar ‘19
Conclusion
Shadow Data
Economy
FB, GOOG
Token
Economy
BTC, ETH
Data
Economy
Ocean
Money
Transparent,
Permissionless
Shadow Money
Economy
The Fed, Banks
Data
Opaque, Power
Concentrated
The Token Economy Opened Money.
The Data Economy Opens Data (Retaining Privacy)
Come build the Data Economy on Ocean:)
docs.oceanprotocol.com
These slides, with links, at trent.st/content/ovd
Base
Layer
Economic
Last Mile
Utility
Last Mile
(Dapps)
Reserve
currency,
store of
value
Data/asset
funding
platform
Data/asset
platform,
unit of
exchange
Custodians
/ Wallets
Mining:
Service net-
works
Data
Exchanges,
Data as
Collateral,
Loans
Substrate for
data economy

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Hacking Open the Open Data Economy

  • 1. Roadmap Alpha Aug ‘18, Mainnet Mar ‘19 Hacking Open the Open Data Economy, Ocean style @oceanprotocol Trent McConaghy
  • 2. Token Economy BTC, ETH, .* Money Transparent, Permissionless Shadow Money Economy The Fed, Banks Opaque, Power Concentrated The Token Economy Is Opening Up Money
  • 4. Just as We Opened Money, Let’s Open Data (While Maintaining Privacy) Shadow Data Economy FB, GOOG Token Economy BTC, ETH Web3 Data Economy Ocean Money Transparent, Permissionless Shadow Money Economy The Fed, Banks Data Opaque, Power Concentrated
  • 6. Ocean makes it easy to build data commons + data marketplaces Data market DM Analytics & data science tools DM DM DM Analysts & Data scientists With problems to solve Enterprises, govts, NGOs With data & compute Substrate for data economy Data commons
  • 7. Ocean is like Øx, but for data not tokens The heart is data access control
  • 8. On Ocean Tech • Public EVM network, running Parity POA • But with access control on data itself • (Roadmap to Permissionless) • TokenBridge to Ethereum mainnet • “Squid” = SDKs in Python, JS, Java. REST API (alpha)
  • 9. All Ocean Code is Open github.com/oceanprotocol
  • 10. Ocean Commons: Open Data on an Open Substrate commons.oceanprotocol.com
  • 11. Ocean MantaRay: Data Science on Hosted Jupyter Notebooks datascience.oceanprotocol.com
  • 12. Ocean Will Transform Data Custody • “Not your keys, not your data” • Data custody is now in the hands of the data owner • Each govt entity, each company, each individual has a “data wallet”. • We can use existing token wallet infrastructure. • Therefore inherit the benefits of token wallets • Data custody = like token custody (sw wallets, hw wallets, etc) • Transfer data access = like transferring tokens • Data security = like token security (bank-grade by default)
  • 14. Example: Quickly build a React App docs.oceanprotocol.co/tutorials/react-setup/
  • 16. What does the Token Economy look like? Base Layer Economic Last Mile Reserve currency, store of value BTC, .. App funding platform Ethereum, .. App platform, unit of exchange Ethereum, .. Custodians / Wallets Coinbase, Trezor, Metamask, .. Mining Bitmain, .. Exchanges, Collateral / Stablecoins, Loans (Defi) Uniswap, DAI, .. Utility Last Mile (Dapps)
  • 17. Q: What will the data economy look like? A: ≈The Token Economy Reserve currency, store of value Data/asset funding platform Data/asset platform, unit of exchange Custodians / Wallets Mining: Service networks Dec. Data Exchanges, Data as Collateral, Loans Data Economy Base Layer Economic Last Mile Reserve currency, store of value BTC App funding platform Ethereum App platform, unit of exchange Ethereum/ ETH, .. Custodians / Wallets Coinbase, Trezor, Metamask Mining Bitmain, .. Exchanges, Collateral / Stablecoins, Loans (Defi) Uniswap, DAI, .. Utility Last Mile (Dapps) Token Economy
  • 18. Ocean is the Substrate for the Data Economy Reserve currency, store of value Data/asset funding platform Data/asset platform, unit of exchange Custodians / Wallets Mining: Service networks Data Exchanges, Data as Collateral, Loans Data Economy Utility Last Mile (Dapps) Economic Last Mile Base Layer Data science tools Substrate for Data Economy
  • 19. The Data Economy has myriad opportunities Base Layer Economic Last Mile Utility Last Mile (Dapps) Reserve currency, store of value Data/asset funding platform Data/asset platform, unit of exchange Custodians / Wallets Mining: Service networks Data Exchanges, Data as Collateral, Loans Data Economy
  • 20. Opportunities in dapps (Analytics & data science tools) ++capabilities for users: Buy/sell services via wallets Way more data Data/compute provenance Reserve currency, store of value Data/asset funding platform Data/asset platform, unit of exchange Custodians / Wallets Mining: Service networks Data Exchanges, Data as Collateral, Loans Data Economy Base Layer Economic Last Mile Utility Last Mile (Dapps) Data science tools
  • 21. Opportunities in last financial mile 1/3: Mining = Integrations with Data & Compute Services Custodians / Wallets Mining: Service networks Data Exchanges, Data as Collateral, Loans Generalized mining for the data economy
  • 22. Opportunities in last financial mile 2/3: Data custody Custodians / Wallets Mining: Service networks Data Exchanges, Data as Collateral, Loans Riff on crypto wallets: -Way more tokens. -Data security, meet token security Hardware data wallets Data escrow Data unions Sovereign personal data
  • 23. Opportunities in last financial mile 3/3: Data * DeFi Custodians / Wallets Mining: Service networks Data Exchanges, Data as Collateral, Loans Data-backed stablecoins Borrowing data Loaning data Data insurance Non-custodial data exchanges Automated data market makers Data DAOs to govern data ICO’ing datasets Pricing data with bonding curves Long-tail data tokens (1M datasets)
  • 25.
  • 26.
  • 27.
  • 28. What type of data marketplace could you build? Marketplace for supply chain data Marketplace for energy data Fork Ocean Commons, add a killer feature Bundle datasets into dataset portfolios (Set Protocol * Ocean) Marketplace for synthetic data Market with built-in data exploration Fork an existing token exchange, twist it for data exchange Price data with channel auctions Marketplace with DAO- driven data labeling Price data with bonding curves Marketplace for low- liquidity datasets Via e.g. n-token automated market maker (think Balancer)
  • 29. Getting started on marketplaces • Docs: Quickstart https://docs.oceanprotocol.com/setup/quickstart/ • Docs: Set Up a Marketplace https://docs.oceanprotocol.com/setup/marketplace/ • Tutorial: Ocean React App https://docs.oceanprotocol.com/tutorials/react-setup/ • Commons Marketplace https://github.com/oceanprotocol/commons
  • 30.
  • 31. What type of integration could you build? Integrate Iota’s data market as datafeed Integrate fetch.ai algorithm results as data Integrate into OpenML and its 20,000 datasets Integrate into Azure ML Studio (IDE for AI modeling) Integrate Ethereum Swarm, Storj, Sia, Filecoin beta Integrate Chainlink on Ocean mainnet (start with OP’s prototype) Integrate to TensorFlow to -consume training data -supply AI models as data Fork MantaRay, add asset search Use OrbitDB for metadata store (in Aquarius) Make Ocean data available directly in scikit learn Integrate SEED bots as data
  • 32. Getting started on integrations • Docs: Jupyter Notebooks https://docs.oceanprotocol.com/tutorials/jupyter- notebooks/ • Blog: Project Manta Ray — Data Science powered by OP https://blog.oceanprotocol.com/project-manta-ray-data- science-powered-by-ocean-protocol-535c54089b0f • GitHub: mantaray https://github.com/oceanprotocol/mantaray • GitHub: mantaray_utilities https://github.com/oceanprotocol/mantaray_utilities • Docs: Set up Azure Storage https://docs.oceanprotocol.com/tutorials/azure-for-brizo/
  • 33.
  • 34. What sort of Wild Card could you build? Data as collateral E.g. demonstrate datasets could fit in multi-collateral DAI An Ocean block explorer with integrated dataset visualization e.g. with MetabaseContinuously Fungible Data Assets E.g. take an NFT-ized dataset, and wrap it with a bonding curve (“make re-fungible”). A Data Wallet E.g. take an Ocean dataset and wrap with NFT; then integrate with an NFT wallet On-chain evolution of EVM bytecode An ArtDAO, e.g. extend Simondlr’s Artonomous https://blog.oceanprotocol.com/data-economy-challenge-wild-card-e3593e15a971 Limited-Edition Fungible Data Assets E.g. take an NFT-ized dataset, and wrap it with a simple ERC20 contract.
  • 35. Roadmap Alpha Aug ‘18, Mainnet Mar ‘19 Conclusion
  • 36. Shadow Data Economy FB, GOOG Token Economy BTC, ETH Data Economy Ocean Money Transparent, Permissionless Shadow Money Economy The Fed, Banks Data Opaque, Power Concentrated The Token Economy Opened Money. The Data Economy Opens Data (Retaining Privacy)
  • 37. Come build the Data Economy on Ocean:) docs.oceanprotocol.com These slides, with links, at trent.st/content/ovd Base Layer Economic Last Mile Utility Last Mile (Dapps) Reserve currency, store of value Data/asset funding platform Data/asset platform, unit of exchange Custodians / Wallets Mining: Service net- works Data Exchanges, Data as Collateral, Loans Substrate for data economy