Ocean Protocol handles big data by utilizing data NFTs and datatokens. Data NFTs represent the copyright or exclusive rights of a data service, while datatokens allow access to these data services, serving as licenses. This setup facilitates the creation and consumption of data services, connecting data assets with DeFi tools through Ocean's smart contracts and libraries [1]. Generated using AwesomeQA AI
@MrSpar explained to me that compute-to-data allows data owners to monetize their data while maintaining security! 💪🏻 What if you have a lot of data, e.g. a bank, can you use most of it and what would that look like? 🏦 Does this mean that data owners can provide unlimited data? 🧑🏻💻 Thank you very much! 🔥
Compute-to-Data (CtD) is ideal for handling large datasets, such as those held by banks, by allowing data owners to monetize their data securely. It enables data owners to control which algorithms are run on their data, ensuring the data remains private and secure on their premises. This approach is scalable and can accommodate large amounts of data, but the provision of "unlimited data" depends on the data owner's discretion and their infrastructure's capabilities [1] [2]. Generated using AwesomeQA AI 👍
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