Published on: January 4th, 2021 • Duration: 38 minutes
Bruce Pon, CEO and founder of BigchainDB, joins Sebastian Moonjava, Real Vision associate crypto editor, to discuss the Ocean Protocol, data tokens, and the data economy. Pon explains the importance of the data economy and how Ocean protocol hopes to become the primary platform for data markets. He explains a bit about initial data offerings (IDOs) and how data tokens can be utilized to find the accurate value of datasets. Pon points out that there is already expansive infrastructure built for decentralized finance and that data tokens, enabled by Ocean, can leverage this infrastructure. Filmed on December 2, 2020. Key Learnings: Data is becoming an increasingly valuable commodity, but there have not been structured ways in which we can value this data. The Ocean Protocol provides a platform to tokenize data and find its value. The data economy is massive, and the Ocean protocol aims to provide a platform to enable data markets. Identifying the protocol that will contribute to the full utilization of the data economy before it becomes standard could be very valuable. Viewers of this video will have a better understanding of the potential hurdles/risks involved in the data asset class.