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Home»Blockchain»Future of Research Made Possible by Blockchain
Blockchain

Future of Research Made Possible by Blockchain

2024-12-18No Comments4 Mins Read
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The intersection of science and blockchain technology is transforming the way research is funded, conducted and shared. This emerging movement, known as Decentralized Science (DeSci), aims to solve some of the most common problems in traditional research systems – limited funding, limited access and lack of transparency – by leveraging decentralized networks and token-based economies .

In this article, we explore what DeSci is and highlight some of the most prominent projects leading the way.

What is DeSci?

DeSci is a movement that applies blockchain principles to revolutionize the scientific research landscape. By creating decentralized platforms, DeSci enables open access to data, transparent funding mechanisms, and global collaboration among scientists, investors, and enthusiasts.

The DeSci Value Chain (2024). Source: Patrick Mayr

In essence, DeSci strives for:

  • Democratize financing: Allow researchers to obtain funding directly from global communities instead of relying on slow, bureaucratic grant systems.
  • Improve collaboration: Break down institutional silos and foster open source partnerships across disciplines and regions.
  • Ensure transparency: Use blockchain to immutably track research results, patient recruitment consents, and other critical data to ensure integrity and trust.

Unlike traditional systems that often suffer from inefficiencies, Decentralized Science empowers individuals (whether patients, donors or researchers) to actively shape the direction of scientific discovery.

Key players in the DeSci ecosystem

DeSci sector map. Source: Onchain Foundation

DeSci has attracted a growing number of innovators who are building decentralized platforms to address specific research challenges. Here are some of the most notable projects:

  1. VitaDAO

VitaDAO is a decentralized collective focused on advancing human lifespan research. Members pool resources to fund groundbreaking research in aging and longevity science, and they jointly determine which projects receive support. This DAO structure democratizes decision-making and ensures that research aligns with the interests of the community.

  1. Molecule
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Molecule connects researchers to decentralized financing through a marketplace where intellectual property (IP) can be tokenized. This system allows researchers to receive upfront funding, while investors can have a stake in the potential success of the projects.

  1. Data Lake

Data Lake stands out for its focus on healthcare and medical research. Using the Data Lake Chain, the platform enables patients to securely donate their medical data for research purposes through a transparent, blockchain-based consent system. Additionally, the native token, LAKE, functions as a guest token, access token, and reward token, ensuring coordination among all stakeholders.

  1. ResearchHub

Often referred to as the “GitHub for Science,” ResearchHub encourages researchers to share their work and collaborate through a token economy. Contributors earn ResearchCoin (RSC) for their efforts, fostering a decentralized, user-driven ecosystem for scientific knowledge sharing.

  1. BiohackerDAO

BiohackerDAO is a community-driven organization that supports biohacking and citizen science initiatives. It promotes open-access research and enables individuals to contribute to and benefit from breakthroughs in DIY biology and genetic exploration.

  1. TheSci World

DeSci World serves as a hub for the broader DeSci community, providing resources, events, and an overview of active projects. It acts as a gateway for newcomers and seasoned participants to join the movement.

Why DeSci matters

Traditional scientific systems often fall short in addressing the challenges of modern research:

  • Limited funding: Researchers are dependent on subsidies that are difficult to obtain and often come with strict requirements.
  • Paywalls: Access to published scientific findings has limitations, creating barriers for researchers and the public.
  • Lack of transparency: Cases of data manipulation and decision-making behind closed doors undermine confidence in research results.
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DeSci offers solutions to these problems by promoting:

  • Open access: Making research freely available to everyone and breaking down institutional barriers.
  • Global cooperation: Connecting researchers, patients and funders around the world.
  • Immutable data: Using Blockchain to Ensure Data Integrity and Accountability.

The way forward

Although decentralized science is still in its infancy, its potential is enormous. With projects like VitaDAO, Data Lake and Molecule leading the way, we are witnessing the beginning of a decentralized research revolution.

By democratizing science, DeSci accelerates innovation. It also ensures that the benefits of research are distributed more fairly.

As more blockchain technology is applied to research, the lines between science and the public will continue to blur. Finally, it will create a future where everyone can contribute to and benefit from human progress.

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