Weeve, an IoT company which allows data to be monetized as a tradeable, digital asset secured by next-generation cryptography announced today that Bruce Pon, founder, and CEO of BigchainDB and founder of Ocean Protocol, has joined the Weeve advisory board.
Bruce’s knowledge of database and blockchain technology and the multiple use-cases towards which the industry is moving towards looks to be invaluable to the growth and development of Weeve. After having co-founded both BigchainDB/Ocean Protocol, Bruce’s in-depth expertise in asset-digitization and the data sharing economy will also prove important.
Bruce on his role at Weeve:
“Weeve’s secure protocol for IoT enables the monetization of sensor data. This sensor data will be discoverable on Ocean Protocol for data scientists and AI researchers. We’re happy to be collaborating with a team with deep technical expertise and an excellent grasp of business needs.”
[perfectpullquote align=”full” bordertop=”false” cite=”Prof. Dr. Sebastian Gajek, Weeve co-founder and CTO” link=”” color=”” class=”” size=””]”Bruce is an ingenious serial entrepreneur who in my opinion is the manifestation of the next generation CEO. He is a leading visionary in the domain of blockchain. Having Bruce on the Weeve advisory board deepens the collaboration with BigchainDB/Ocean and fleshes out the strategic partnerships within the growing Berlin blockchain ecosystem. The Ocean Protocol with its AI machinery is a stepping stone for the Weeve platform to automate a machine-to-machine economy where IoT device autonomously trade their most valuable asset, namely data.”[/perfectpullquote]
Weeve’s vision is to empower the Economy of Things where IoT machines (or weeves thereof) index, process, and trade harvested data against digital assets, most notably crypto coins. The vision consists of public or private marketplaces for any form of digital asset ranging from geo-data to electricity or delivery status, where data producers and consumers (resp., buyers, and sellers) come together, escrow their supply and demand, and fairly exchange their digital assets for agreed upon prices.
The Weeve token (WEEV) is the native token of the Weeve network and necessary for the operation of the network protocol.