Buy Big Data Protocol (BDP)

What is Big Data Protocol?

Big Data Protocol (BDP) is a decentralised data exchange protocol that uses blockchain technology to enable secure and transparent buying, selling, and sharing of data.

How does Big Data Protocol work?

Big Data Protocol functions on its blockchain network, utilising a decentralised architecture to ensure data security and control. It employs a Proof of Stake (PoS) consensus mechanism for transaction validation. The protocol incorporates a Data Oracle Network (DON) to provide accurate and up-to-date pricing information for data assets. Smart contracts are used to facilitate transactions and automate processes, reducing the need for intermediaries.

What are the potential use cases for Big Data Protocol?

BDP has various potential use cases across multiple industries, which include:

• Secure and transparent data sharing and monetization.
• Data analytics and visualisation.
• Applications in AI and machine learning.
• Integration of IoT data.
• Healthcare data management.
• Financial data analysis.
• Optimisation of marketing strategies.

What is the history of Big Data Protocol?

Big Data Protocol was founded by Peter Chen, Jordan Hauer, and Mark Donovick to create a decentralised data exchange system. Notable milestones in its history include its partnership with Ocean Protocol to build a Web3 Data Economy and the launch of the BDP Data Market. The protocol has evolved by adopting blockchain technology to facilitate secure and transparent data exchanges. BDP has made significant inroads into industries such as marketing, finance, and healthcare, positioning itself as a secure platform for data transactions.