Cardano Founder Highlights Key Use Case for DeSci

Cardano founder Charles Hoskinson took to X to point out a key use case for blockchain-based Decentralized Science (DeSci). His statement about X came in response to an earlier post by Mushtaq Bilal, an

Authors and reviewers are at the mercy of publishers

Bilal provided an overview of the revenues of major academic publishers and highlighted payments to authors and reviewers. Top academic publishers like Elsevier earn as much as $3.9 billion in revenue.

Springer Nature makes $2 billion, Wolters Kluwer $1.6 billion and Wiley $1.8 billion. Bilal names Taylor & Francis, with $800 million, and Sage, with $500 million, as the publishers with the least revenue.

Unfortunately, authors and reviewers receive $0 of this huge revenue from publishers, even though they do most of the work. Hoskinson immediately pointed out that DeSci could resolve this difference in payment. He emphasized that the peer review and publication system is broken.

In particular, the DeSci solution provides authors with free publishing services. It is also an open-source, peer-to-peer network where science is shared, validated and managed without paywalls or publication fees.

More importantly, it leverages blockchain technology and addresses challenges related to lack of financing, data sharing, publishing and collaboration.

Cardano founder and recent endorsements

Hoskinson publicly acknowledged the service by presenting this DeSci solution to Bilal.

A few days ago, he publicly expressed his support for the Sui blockchain with a post that received support from his followers. This shoutout came as Sui became the first blockchain to activate a secure alternative to the Border Gateway Protocol.

The layer-1 blockchain integrated SCION for network validators. The post from Cardano’s founder recognizes the efforts of the Sui development team in just over a year since launch.

Ultimately, his actions reflect his openness to new blockchain solutions.