Ocean Protocol was selected for its contributions to blockchain technology, the digital economy and technology governance.

Singapore, June 15, 2021 Ocean Protocol, the Singapore-based data exchange protocol, was selected among hundreds of candidates as one of the World Economic Forum’s Technology Pioneers. Ocean Protocol unlocks data sharing by giving people control, transparency and the ability to monetize it by turning data into an asset. 

The World Economic Forum’s Technology Pioneers are early to growth-stage companies from around the world that are involved in the use of new technologies and innovation poised to have a significant impact on businesses and society. With its selection as a Technology Pioneer, Ocean Protocol will contribute to the Forum’s initiatives over the next two years, working with global leaders to help address key industry and societal issues. Bruce Pon, founder of Ocean Protocol, will be invited to participate in the World Economic Forum activities, events and discussions throughout the year. 

“The designation from the World Economic Forum is an acknowledgment that we are building promising, ground-breaking technology that is inclusive and helps to give people more control over their data,” said Pon, adding, “Ocean Protocol is in the vanguard of unlocking data responsibly and using technology to equalize opportunities for many. We look forward to contributing to the Forum’s dialogues.”

Ocean Market allows people to buy and share data while keeping full control at all times. Ocean Protocol recently released Compute-to-Data on Ocean Market, which allows artificial intelligence researchers to access data without exposing it or allowing it to be copied.

“We’re excited to welcome Ocean Protocol to our 2021 cohort of Technology Pioneers,” said Susan Nesbitt, head of the Global Innovators Community at the World Economic Forum, adding, “Ocean Protocol and its fellow pioneers are developing technologies that can help society solve some of its most pressing issues. We look forward to its contribution to the World Economic Forum in its commitment to improving the state of the world.”

Technology Pioneers are selected based on the community’s selection criteria, which include innovation, impact, leadership and the company’s relevance with the World Economic Forum’s Platforms

The firms come from regions all around the world, extending their community far beyond Silicon Valley. This year’s cohort includes startups from 26 countries, with the United Arab Emirates, El Salvador, Ethiopia and Zimbabwe represented for the first time. The diversity of these companies extends to their innovations as well. 2021 Technology Pioneer firms are shaping the future by advancing technologies such as AI, the Internet of Things, robotics, biotechnology and many more. The complete list of Technology Pioneers can be found here

Past recipients of the World Economic Forum’s Technology Pioneers include Airbnb, Google, Facebook, Kickstarter, Mozilla, Palantir Technologies, Spotify, TransferWise and Twitter.

All information on this year’s Technology Pioneers can be found here

More information on past winners, the community and the application link can be found here

About Ocean Protocol

Ocean Protocol’s mission is to kickstart a data economy that reaches the world, giving power back to data owners and enabling people to capture value from data.

Data is a new asset class, and Ocean Protocol unlocks its value. Data owners and consumers use Ocean Market to publish, discover and consume data assets in a secure, privacy-preserving manner.

Projects use Ocean Protocol’s open-source technology to build an ecosystem of tools and applications to help drive a new data economy.

The native Ocean token is used to stake on data, govern community funding, and buy and sell data. Its supply is disbursed over time to drive growth and long-term sustainability. 

Ocean Protocol was named one of 2019’s Hottest Startups by Wired and featured in Harvard Business Review, MIT Technology Review and Forbes. Visit its website to find out more.

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About World Economic Forum

The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. 

About Technology Pioneers

The World Economic Forum believes that innovation is critical to the future well-being of society and to driving economic growth. Launched in 2000, the Technology Pioneer community comprises early to growth-stage companies from around the world that are involved in the design, development and deployment of new technologies and innovations, and are poised to have a significant impact on businesses and society.

The World Economic Forum provides the Technology Pioneers community with a platform to engage with the public- and private-sector leaders and contribute new solutions to overcome the current crisis and build future resiliency.