Ocean Protocol partners with Robonomics Network to utilize IoT data
Ocean is exploring new use cases in the secure monetization of data generated by robots and IoT devices with Robonomics
(This partnership was originally announced on January 12, 2021.)
Ocean Protocol is collaborating with Robonomics Network to explore use cases in monetization of data generated by IoT devices and robots.
Robonomics Network is a tool that allows developers and engineers to connect IoT & all ROS (Robot Operating System) compatible devices to the digital economy. Robots are producing a lot of data daily; some pieces of that data are quite valuable and could be monetized by a robot or its developer.
Ocean Market provides a ready-made platform to buy, sell, and utilize robot-generated data. The partnership aims to create a sandbox for testing collaboration of both technologies for further development of pilot projects and products in 2021.
With this collaboration, Ocean Protocol will help Robonomics to leverage their technology and discover new use cases in securely monetising plethora of data generated by robots and helping robots and related IoT devices become revenue generating machines.
– Manan Patel, Growth Accelerator at Ocean Protocol
With Robonomics, robots and IoT devices can become autonomous economic agents, meaning they can enter into legal obligations, own things, and do whatever humans can do on the open labor market and even more.
Joint experiments of Robonomics and OCEAN teams on the crossing subjects, specifically launch of the cyber-physical-systems and processing produced data will allow merging teams knowledge and could lead to marvellous discoveries within 1 year.
– Sergei Lonshakov, Software Architect at Robonomics
One of the first milestones for this collaboration will be creating a course explaining how to launch a device on Robonomics Network, then store and monetize data on Ocean Protocol in a virtual environment.
About Ocean Protocol
Ocean Protocol’s mission is to kickstart a Web3 Data Economy that reaches the world, giving power back to data owners and enabling people to capture value from data to better our world.
Data is a new asset class; Ocean Protocol unlocks its value. Data owners and consumers use the Ocean Market app to publish, discover, and consume data assets in a secure, privacy-preserving fashion.
Ocean datatokens turn data into data assets. This enables data wallets, data exchanges, and data co-ops by leveraging crypto wallets, exchanges, and other DeFi tools. Projects use Ocean libraries and OCEAN in their own apps to help drive the Web3 Data Economy.
The Ocean token is used to stake on data, to govern Ocean Protocol’s community funding, and to buy & sell data. Its supply is disbursed over time to drive near-term growth and long-term sustainability. OCEAN is designed to increase with a rise in usage volume.
Visit oceanprotocol.com to find out more.
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About Robonomics
Robonomics is the ready-to-work and open-source platform which you can use to connect your robot as a service for end-users — they call it ‘Robot-as-a-Service’. Robonomics supports Web3 technologies that implement the exchange of technical and economic information between humans and machines. Robonomics is a purely technical and open source project.
Visit Robonomics.Network to find out more.
