Ocean Protocol, the Web3 platform to unlock data services for AI and business innovation, launches the Energy Efficiency data challenge under its broader Ocean Data Challenge program to incentivise data analysis and algorithms for solving complex business problems. The competition aims to incentivise data-driven understandings and innovations to improve energy efficiency for domestic buildings in Scotland.
Ocean Protocol founder Bruce Pon said,
“In Europe alone, buildings are responsible for approximately 36% of energy-related direct and indirect emissions. The augmentation of data and AI has the rare potential to transform current architectural practices for a sustainable future – our current data challenge has been designed to be at the forefront of leading this shift.”
Given the current geopolitical context, the energy efficiency topic is more relevant now than ever. Domestic buildings have been cited as one of the many sources of greenhouse gas outflows. Using data to employ efficiency measures can not only effectively fight climate change but also contribute to tackling energy poverty and reducing energy costs. In line with this vision, the Energy Efficiency Data challenge initiated by Ocean Protocol has been designed to harness the power of energy data, build algorithms that facilitate innovation and spearhead the shift towards smarter, greener, more efficient buildings for global change.
From a total prize pool of $6000, rewards for this challenge will be distributed as follows: 1st place: $3000, 2nd place: $2000, 3rd place: $1000. Rewards are payable in OCEAN. All valid entries submitted will receive an award of 500 OCEAN tokens. The datasets are currently live on the Ocean Market and the entry submission deadline is November 6th at 23:59 PM UTC. To enter the competition and access details on eligible rankings and algorithms, visit the dedicated Questbook page here.
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