Weeve, a Berlin-based blockchain startup today announced its partnership with BigchainDB/Ocean Protocol to explore IoT data-trading marketplaces with the help of Artificial Intelligence.
Weeve is building the ecosystem for the machine-to-machine economy, where IoT devices monetize their most valuable asset, data. The Weeve Network enables truthful data trading through blockchain and creation of private and public marketplaces, curated to sell the aforementioned data.
Weeve and BigchainDB/Ocean Protocol will continue to explore how their networks can interoperate such that they mutually take advantage of the services and functions the networks are designed for. They will also continue to explore applications based on crypto-economic incentive strategies to enrich the Weeve and Ocean Protocol.
[perfectpullquote align=”full” bordertop=”false” cite=”Prof. Dr. Sebastian Gajek, Weeve CTO / Co-founder and Chief Scientist” link=”” color=”” class=”” size=””]“It was natural to partner with BigchainDB/Ocean Protocol, as the team shares the same vision with Weeve that data has value, but the value needs to be activated. Their expertise in analyzing, processing, and indexing data for AI is a missing technological piece to empower Machine Learning for a fully automated and intelligent Economy of Things that smoothly fits into and extends the architecture of the Weeve Platform. The partnership showcases that Berlin is not only a vibrant place for excellent deep tech R&D, it is also a place for fruitful cross-collaboration, underlining the Berlin Blockchain epicenter as being a co-operative environment.”[/perfectpullquote]
[perfectpullquote align=”full” bordertop=”false” cite=”Bruce Pon, Founder of Ocean Protocol” link=”” color=”” class=”” size=””]“One of the core use cases for Ocean Protocol is to enable the sharing and selling of data from IoT devices, exactly the capability that Weeve unlocks. We’ve been working closely with them the past months such that Weeve builds the open-source technology weeveOS, the first IoT-to-Blockchain Operating System with emphasis on secure data attestation and transportation, that fulfills the promise of tokenizing IoT data fleshing out the below Ocean Protocol. The collaboration with Weeve is a natural extension for Ocean Protocol. BigchainDB is a founding partner of both the Ocean Protocol and the Ethereum Enterprise Alliance (EEA).”[/perfectpullquote]