Over the past few weeks, DeSci (Decentralized Science) has taken some spotlight in the Web3 space. DeSci aims to address the longstanding issues in traditional scientific research while also fostering transparency, collaboration, and innovation by leveraging blockchain technology. Let’s explore more on what DeSci actually is, what it solves, notable projects, and how MetaCRM could unlock DeSci potential.
Decentralized Science, or DeSci for short, refers to the application of blockchain technology to the field of scientific research. It aims to decentralize the research process, making it more transparent, accessible, and efficient. DeSci leverages blockchain technology to decentralize the critical aspects of research, including funding, data sharing, and peer review in order to ensure that no single entity has overarching control, promoting a more democratic and equitable research environment.
In traditional scientific research, funding is often allocated based on the potential for high profits. This means that problems with lucrative market solutions tend to receive the majority of funding, while other equally important but less profitable issues may be overlooked. This market-driven approach leads to significant disparities in which scientific problems are prioritized, leaving many important areas of research underfunded.
DeSci to Democratize and Solve Research Backlog
DeSci offers a groundbreaking solution, it democratizes the funding process by enabling researchers to seek funding from a global pool of contributors. Researchers can receive support based on the merit of their projects rather than the potential for high profits. DeSci also could leverage smart contracts to automate various processes in the research lifecycle, such as funding disbursement, peer review, and data sharing. These automated processes reduce the time and effort required for administrative tasks, allowing researchers to focus more on their scientific work
DeSci ensures that all research data and transactions are recorded on an immutable ledger, this makes it easier to verify the authenticity of research findings and prevents data manipulation and fraud. DeSci removes barriers to accessing scientific knowledge by publishing research findings on a public blockchain. This open-access model eliminates paywalls and subscription fees, allowing researchers, students, and the general public to access valuable information freely. As a result, the dissemination of knowledge is accelerated, and the reach of scientific discoveries is expanded.
Several noteworthy projects are making strides in DeSci, pushing the boundaries of scientific research. Here are MetaCRM’s top picks for DeSci projects:
Data Lake is a decentralized platform for patient data sharing in order to refer patients to specific studies. Their software also helps researchers to integrate different user recruitment channels, track their effectiveness, manage consents and preselection surveys and give users control over their data.
VitaDAO is a community owned collective funding for longevity research. They’re aiming to extend the healthy human lifespan by funding advanced aging research and making Intellectual Property ownership more accessible.
ResearchHub pushes and incentivizes open source collaboration through decentralization. Researchers on ResearchHub earn ResearchCoin ($RSC) for their contributions such as publishing, reviewing, critiquing, and collaborating publicly. With RSC, users can set bounties, tip other researchers, and obtain voting rights in community decisions.
Pump.Science is DeSci blended with a bit of meme token craze. It’s a platform where users can buy coins related to their respective drugs and support longevity studies. These drugs are being tested live and users could watch it being updated periodically.
OriginTrail utilizes Decentralized Knowledge Graph (DKG) which is a global, open data network that links various pieces of information using blockchain technology. It makes data sharing transparent and secure, allowing researchers to create and manage knowledge networks. $TRAC tokens are used to incentivize participation and manage the network. Essentially, it combines blockchain and knowledge graphs to ensure trustworthy and accessible information sharing.
Decentralized Science (DeSci) has emerged as a transformative force in the Web3 space, addressing the enduring issues in traditional scientific research by leveraging the power of blockchain technology. It has potential to foster a more inclusive, transparent, and efficient research environment, ultimately accelerating scientific discoveries and expanding access to knowledge.
Through advanced blockchain analytics, MetaCRM empowers DeSci projects with precise wallet profiling capabilities, enabling the identification and segmentation of users actively engaged in the DeSci ecosystem. This revolutionary approach allows projects to build meaningful relationships with their community by understanding user interests and behaviors on-chain. MetaCRM is ready to support the advancement of research by providing supreme tools for DeSci projects, from enabling more accurate on-chain data tracking, streamlining support tickets, superior outreach suite, and targeted engagement strategies based on wallet interactions within the DeSci space.
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