Ocean Protocol, a decentralized data exchange protocol focusing on the collection, exchange and monetization of data, has announced a pilot project in collaboration with Mercedes-Benz manufacturer Daimler AG.
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Daimler’s Southeast Asian subsidiary will use blockchain-based solutions to collect and monetize company data.
The pilot will demonstrate Ocean Protocol’s recently launched „Compute-to-Data“ protocol to protect the privacy of Daimler’s data, while allowing the information to be analyzed and aggregated by third parties.
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Ocean hopes the pilot will attract more partnerships with the world’s leading companies, describing it as a scalable deployment plan.
Hartmut Muller, vice president of IT at Daimler, said: „We believe in the power of the block chain to unlock the value of data in a decentralized way.
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Frank Schur, senior IT manager at Daimler Singapore, described decentralized data markets as „an interesting position“ that offers „an exciting opportunity for data aggregation with a clear compensation approach.
Pilot uses Ocean’s Compute-to-Data
The pilot will comprise the first major initiative using the latest version of Ocean, „Compute-to-Data“.
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Launched in mid-May, Bitcoin System seeks to enable entities to maintain the privacy of their data while allowing third parties to perform „specific computer work“ by analyzing such information.
The results of the protocol analysis can be packaged for monetization or shared to inform scientific or technological research.