Home » Oasis Network (ROSE): An Investment Case for Privacy

Oasis Network (ROSE): An Investment Case for Privacy

Oasis Network is a technology focusing on privacy and monetization of data: « The Oasis Network is a privacy-enabled blockchain platform for open finance and a responsible data economy » as explained on their website. This theme is trendy nowadays and the Oasis Protocol is one of the main projects offering to tackle this issue.

Ledger Wallet

1. What is the Oasis Protocol?

The Oasis Protocol wants to protect the privacy by protecting your data. It is based on a protocol with two layers:

The consensus layer It’s the layer of executions for essential operations offering maximum scalability and security through decentralized nodes.

The ParaTime layer

It’s the layer for non–essential but time consuming operations. It is very similar to what Polkadot does with its Parachains giving the ability to deploy multiple “Paratimes” for parallel executions of smart contracts.

The actual way to represent what the Oasis Protocol is doing is a secure enclave encrypting data through a smart contract that makes you the owner of your data:

2. Staking data with the Oasis Protocol

Data providers on the Oasis Network can put their tokenized data to use. They can earn rewards by staking their data with apps that want to analyze it or control how their most sensitive information is consumed by the services they use.

3. Partnerships and adoption

Things are going fast from a partnerships point of view:

The mainnet launch saw a lot of adoption from both companies and retail:

I always have 7k holder as a threshold for things to become serious based on data, as I’m showing in this other article on critical mass crossover.

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4. Price and volumes

Volumes are skyrocketing in 2022 while the price offers a small inflection to jump in:

It’s basically getting the adoption at a “reasonable” price. The market capitalization is reaching a modest 1.6 billion USD:

While the market cap of data and big data is projected to be around 77 billion USD in 2024:

5. Conclusion

Bullish for me! The use case on data ownership, the partnerships, the adoption and the price offering an entry point for investors are looking good. The volumes are starting to get quite serious. Now my price prediction for 2023.

Given that the market of data is expected to reach a crazy 77 billion USD in 2023, it’s not crazy to imagine that one of the top decentralized platform positioned for it will take 5% of that cake with a huge uncertainty around regulation. That would put the price of the token at around $1.2 and that would be my price prediction for 2023.

Until then… Take care.

Disclaimer: this is not financial advice

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