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Founded in 2017, Ocean Protocol is governed by a Singapore based non-profit foundation, whose mandate is to ensure open access to the protocol and platform, provide data governance, encourage the network ecosystem growth, and take measures to ensure that the platform becomes ever more decentralised with time. In Ocean Protocol, each data service gets its own datatoken. This enables data wallets, data exchanges, and data co-ops by directly leveraging crypto wallets, exchanges, and more. The Ocean Protocol Foundation has contracted BigchainDB to build the core protocol, network, marketing, and community activities. Their technology allows private data to be shared, without compromising control or security for the data owner, while ensuring traceability, transparency, and trust for all stakeholders involved. Ocean allows data owners to monetise data while keeping control over their data assets.