TOKEN2049 - Opportunities in The Web3 Data Economy - Trent McConaghy (Ocean Protocol)
Explore the future of the data economy in the Web3 era with Trent McConaghy, co-founder of Ocean Protocol, at TOKEN2049. In his insightful talk, Trent delves into the transformative potential of a decentralized data economy, drawing parallels with the evolution of the token economy post-2008 financial crisis. Discover how the token economy broke open the financial sector, creating a transparent, permissionless landscape, and how similar principles are now ready to revolutionize the multi-trillion-dollar data industry.
Trent highlights the pressing need to transition from a shadowy, opaque data economy dominated by titans like Google and Facebook to a more open, secure, and privacy-preserving system. He introduces how Ocean Protocol facilitates this transformation by connecting those with valuable data with those in need, particularly highlighting AI and data science as fields that seek to unlock unprecedented insights from shared data.
Gain insights into real-world applications across verticals such as automotive, healthcare, government, and more, where Ocean Protocol's innovations are breaking down traditional barriers, enabling safe and compliant data sharing. Learn about groundbreaking projects with partners like MOBI in autonomous driving, ConnectedLife in healthcare, and AI Singapore in governmental data initiatives.
As we stand at the dawn of this revolutionary new economic era, the opportunities are boundless. Discover how new data custodians, wallets, exchanges, and marketplaces are set to emerge, creating a vibrant ecosystem with immense potential for innovation and growth.
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