Today I want to explain in simple words how Data NFT and Datatokens work in @Ocean Protocol and how they protect data.
Imagine you have a valuable item, like a rare book. You don't want to give it to anyone, but you're willing to let people read it for moneyđ˛.
Here's how it works in Ocean Protocolđ:
Data NFT is like a document proving that the book is yours. It's your "certificate of ownership" for the data (like a set of information you've created or collected). The Data NFT lives on the blockchain, and only you, as the owner, can decide what to do with it - sell it, share it, or keep it to yourself.
Datatokens are like temporary keysđ
or tickets that you give to others so they can look at your book. You create these tokens based on Data NFT and set rules: who can access the data, when, and for how long.
For example, âaccess for 1 day for 1 tokenâ.
How the data stays protected: the ledger itself (i.e. your data) is not transferred to the blockchain or lying around where it can just be taken. It's stored separately - in your possession or in a secure location you choose.
When someone buys a datatoken, they only get "permission" to see the data through a special system, not the data itself forever. If the token expires or you revoke access, the person won't see anything else.
Example: you have a weather file. You make a Data NFT - this is your "possession". You issue 100 datatokens - these are "tickets" to access the file. People buy the tokens, watch the forecast, but the file itself stays with you, not copied somewhere else.
In this way, Ocean Protocolđ protects the data because:
They are not uploaded to the blockchain, where they could be stolen.
Access is only given through datatokens, and you decide to whom and for how long.
Everything is transparent and recorded on the blockchain, but the data itself is under your control.
#data #ArtificialInteligence #Binance
