Outlier Ventures Becomes Strategic Investor in
Ocean Protocol Outlier becomes strategic partner to support Ocean in building Decentralized Data Exchange Protocol to Unlock Data for AI London (20 December 2017) -- Leading blockchain and Web 3.0 venture capital firm Outlier Ventures has today announced it has become strategic partner and investor in Ocean Protocol, the decentralised data exchange in development with the mission to unlock the by ICO CROWD power of data for AI.
a team of 20, they help pre-seed and seed stage startups navigate the emerging token space. Their venture platform which includes academic and corporate partners, offers strategic guidance on token design, their underlying economics, compliance, as well as marketing and technical development.
Ocean Protocol is a decentralized data exchange protocol that lets people share and monetize data while guaranteeing control, auditability, transparency and compliance to all actors involved. The protocol provides the underlying technical foundation that data marketplaces need to connect data providers with data consumers in a trusted environment. It nurtures a data ecosystem and community.
Their investment philosophy is based on the convergence of decentralised technologies like blockchains and distributed ledgers with 'deep tech' such as artificial intelligence, robotics, the Internet of Things, and 3D printing primarily within the Industry 4.0, Smart Cities and Mobility markets.
Outlier Ventures has made a significant investment, and will use its platform of internal expertise and partner network of corporate and academic institutions to support the development of the protocol and its developer ecosystem. Jamie Burke, CEO, Outlier Ventures stated: "We have known and respected Trent and the team for many years and the work they have done at Ascribe, BigchainDB and IPDB. We are proud to join them in this next step in their commitment to building the critical infrastructure for the next stage of the internet. Not only are the team highly credible, Ocean is yet another European initiative that speaks directly to Outlier Ventures' 'Convergence Thesis'; this time combining decentralised ledger technologies with AI. Where Sovrin allowed for identity of 'things' and IOTA provided the infrastructure for securing IoT devices and their data, Ocean Protocol provides the market for individuals and organisations to share that data with artificial intelligence and be com-
pensated. It is no coincidence we see a very complimentary fit between the all three of these and the rest of our growing portfolio."
Having already backed IOTA, a highly-regarded crypto-asset focused on securing machine-to-machine payments for Industrial IoT, and more recentAs Trent McConaghy, Founder of Ocean Protocol states: "We've been col- ly Evernym and the Sovrin Foundation laborating with Outlier Ventures exthey plan to roll out a series of ambitensively in the past year and I'm very tious investments and strategic partpleased that they've placed their confi- nerships with their corporate and acdence into the team to deliver on an ob- ademic network. https://outliervenvious need to unlock the world's data." tures.io/ McConaghy continues: "Because data is quickly becoming the world's most valuable resource, creating ubiquitous access to this resource in a controlled manner is critical to prevent undesired behaviour. The Ocean Protocol team believes in the power of data, and the ability of individuals to decide how it should be used. Consequently, we are creating a data ecosystem that will incentivize all actors to participate and benefit from their data use. Ocean Protocol will unlock data from their silos for the common good." ABOUT OUTLIER VENTURES Outlier Ventures was launched in 2014 as the first European VC focused on blockchain technologies. Now, with
ABOUT OCEAN PROTOCOL Ocean Protocol aims to make data universally available for the benefit of humankind. The Ocean network is a decentralized data exchange protocol that enables the sharing of data while guaranteeing control, auditability, transparency and compliance for all actors. The network empowers developers and curators to create new and innovative data services, while protecting data owners. The Ocean Protocol Foundation is a non-profit entity based in Singapore, providing governance to build a thriving ecosystem and setting guidance for technologies that can power a new data economy.https://oceanprotocol.com 67
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