Place/Date: Singapore - May 3rd, 2019 at 8:53 am UTC · 3 min read
Contact: Patty Lee, Source: Ocean Protocol
Ocean Protocol (CURRENCY: OCEAN) will begin trading on Bittrex International today (May 3) at 19:00 CEST / 17:00 UTC. The Initial Exchange Offering (IEO) started on April 30 with 56.4 million tokens up on offer. The IEO will end today 18:00 CEST / 16:00 UTC. OCEAN tokens will be unlocked two hours before listing on Bittrex International.
Ocean Protocol is the world’s first general purpose data sharing platform powered by blockchain technology with a mission to provide safe, privacy-preserving and borderless data sharing to unlock the Data Economy. It is a decentralized platform that enables anyone to build data services, AI services and marketplaces on top, connecting individuals, industries, startups, governments, academia, and data and AI experts.
OCEAN Token is the native digital currency that will be used in the Ocean Protocol network and ecosystem. All data exchanges and services rendered in the ecosystem will be processed, transacted with, or fueled by OCEAN.
Bruce Pon, founder of Ocean Protocol, said:
“It is rewarding to see the community get behind our vision for a new Data Economy and believing in Ocean Protocol. We are grateful to the 8,000 supporters from all our fundraising rounds who backed the project.”
“The Ocean Protocol team will continue to deliver software and network updates over the next two years, with five phases planned, each providing more sophisticated features, incentives and enhanced performance.”
To support and start this new data economy, Ocean Protocol has partnered with industry incumbents and startups to demonstrate how the safe sharing of data can help advance industries and improve people’s well-being. In the Insurance sector, Aviva and ConnectedLife are applying data analytics and artificial intelligence on smart home data to enhance the protection and care for the ageing population and support independent living; while in Healthcare, Roche Diagnostics is exploring ways to improve care for patients on blood-thinning therapy.
In Retail, Next Billion is piloting a new data sharing model that rewards rural store owners for contributing sales data. In the academic space, Ocean Protocol is collaborating with AI Singapore to drive innovative programmes that empower AI talents to conduct advanced research and bring it to practice.
To register a Bittrex International account, go to https://international.bittrex.com
Ocean Protocol is a decentralized data exchange protocol to unlock data for AI. Through blockchain technology, smart contracts, and tokens, Ocean Protocol connects data providers and consumers, allowing data to be shared while guaranteeing traceability, transparency, and trust for all stakeholders involved. It allows data owners to give value to and have control over their data assets without being locked-in to any single marketplace.
By bringing together decentralized blockchain technology, a data sharing framework, and an ecosystem for data and related services, Ocean Protocol is committed to kick-starting a new Data Economy that touches every single person, company and device, giving power back to data owners, enabling people to reap value from data to better our world. Visit oceanprotocol.com to find out more.
Bittrex International operates a secure, reliable and advanced digital asset platform built on Bittrex’s cutting-edge trading technology. Our mission is to be a driving force in the blockchain revolution, increasing adoption of this innovative technology around the world.
This international trading platform operates within the regulatory framework established by the European Union and Maltese Government, including the Malta Virtual Financial Assets Act. The company will apply to the Malta Financial Services Authority to become a regulated Virtual Financial Asset exchange.
Disclaimer Ocean Protocol is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.