Ocean Protocol, the decentralized smart-contract platform for data sharing and monetization, has integrated with Orbis, the Web3 social protocol allowing end-to-end encrypted communication between users.
This integration “provides all users of the Ocean Market with the right tools to engage and communicate with data buyers and sellers — all in a privacy-preserving environment.”
Data buyers are now able “to request and exchange information with data sellers, as well as collaborate with other data providers to create whitelisted compute-to-data algorithms for their datasets.”
At the same time, data sellers can “provide hands-on customer support across their portfolio of data assets, which in turn helps increase customers’ confidence in their product offering.”
Empowering data buyers “to effectively convey their data requirements and collaborate with reliable sellers leads to the development of innovative data products and services as well as facilitate the creation of more advanced algorithms, leading to deeper insights from the data.”
This integration is just “the beginning of our collaboration, which aims to explore new opportunities to empower individuals to unlock the value of their data while maintaining privacy and security.”
As covered, Ocean Protocol claims it is “a decentralized data marketplace that enables data providers to monetize and share their data in a secure and transparent manner.”
The platform “allows data buyers to discover, access, and consume data from a wide range of sources, including individuals, businesses, and institutions.”
With a focus on data interoperability, Ocean Protocol “enables data to be shared and consumed across different domains, industries, and applications, creating a new era of data collaboration and innovation.”
As noted in the update, Orbis is “a privacy-preserving social protocol that enables secure communication and collaboration between individuals and organizations without compromising their data privacy.”
Orbis enables end-to-end encrypted conversations “with the implementation of Lit protocol’s threshold cryptography and encryption parameters, ensuring user privacy and preventing unauthorized access to user data.”
Orbis’s innovative approach to privacy “enables individuals and organizations to collaborate and share data in a trustless and decentralized environment.”