{"id":31051,"date":"2020-11-01T13:51:46","date_gmt":"2020-11-01T11:51:46","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=31051"},"modified":"2025-08-28T01:48:32","modified_gmt":"2025-08-27T22:48:32","slug":"bundesbank-selects-ocean-protocol-to-develop-a-decentralised-data-network","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bundesbank-selects-ocean-protocol-to-develop-a-decentralised-data-network\/","title":{"rendered":"Bundesbank selects Ocean Protocol to develop a decentralised data network"},"content":{"rendered":"<p>The German central bank has selected the Singaporean blockchain project Ocean Protocol to develop a decentralised network for the secure publication, transfer and processing of public and private data. The tender results were published in the Official Journal of the European Union.<!--more--><\/p>\n<p>The Bundesbank chose Ocean Protocol due to the lack of comparable competitors, as well as the unique patented database technology underlying the protocol.<\/p>\n<blockquote>\n<p>&#8220;The protocol combines elements of a distributed database and features of distributed ledger technology (DLT), offering the bank an ideal starting point for developing a prototype network model,&#8221; the document says.<\/p>\n<\/blockquote>\n<p>The aim of the collaboration is to create a &#8220;decentralised network that will enable participants to gain persistent and symmetric access to data for real-time updates of statistics while preserving data sovereignty&#8221;.<\/p>\n<p>The news of the partnership with Bundesbank was preceded by the release of Ocean Protocol&#8217;s third version of its software.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Ocean V3 is now live!<\/p>\n<p>Years in the making, we\u2019re proud to release Ocean V3, the bridge between <a href=\"https:\/\/twitter.com\/hashtag\/data?src=hash&#038;ref_src=twsrc%5Etfw\">#data<\/a> and <a href=\"https:\/\/twitter.com\/hashtag\/DeFi?src=hash&#038;ref_src=twsrc%5Etfw\">#DeFi<\/a>. Read more about the journey in a blogpost from Ocean Founder <a href=\"https:\/\/twitter.com\/BrucePon?ref_src=twsrc%5Etfw\">@BrucePon<\/a>.<a href=\"https:\/\/t.co\/24YD6xTkAW\">https:\/\/t.co\/24YD6xTkAW<\/a><\/p>\n<p>\u2014 Ocean Protocol (@oceanprotocol) <a href=\"https:\/\/twitter.com\/oceanprotocol\/status\/1321046888955740162?ref_src=twsrc%5Etfw\">October 27, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to Ocean founder Bruce Pon, Ocean v3 is a key component of a new data economy. Its main component is data tokens that use the ERC-20 standard, representing the value of data assets and providing access to them.<\/p>\n<p>The release includes the automated Ocean Market marketplace, staking via the Balancer DEX, and initial data offerings.<\/p>\n<p>Last week the Bundesbank <a href=\"https:\/\/forklog.com\/en\/news\/bundesbank-warns-of-risks-posed-by-digital-euro-to-the-financial-system\">warned<\/a> that the introduction of the digital euro could have wide-ranging implications for the financial system.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog FEED<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The German central bank selected the Singaporean blockchain project Ocean Protocol to develop a decentralised network for the secure publication, transfer and processing of public and private data. The tender results were published in the Official Journal of the European Union.<\/p>\n","protected":false},"author":1,"featured_media":31052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1989,109],"class_list":["post-31051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bundesbank","tag-germany"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/31051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=31051"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/31051\/revisions"}],"predecessor-version":[{"id":31053,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/31051\/revisions\/31053"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/31052"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=31051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=31051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=31051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}