What is Decentralized Science (DeSci) Narrative?

Bittime - Blockchain technology is now starting to penetrate the realm of scientific research. Decentralized Science (DeSci) was born, a movement that aims to create a more open, transparent and collaborative research ecosystem. So, what is the Decentralized Science (DeSci) narrative? Let's discuss it in this article!

What is Decentralized Science (DeSci)?

DeSci leverages various blockchain features. Among them are tokens, NFTs, and Decentralized Autonomous Organizations (DAO), to bring a breath of fresh air to the world of science. 

So far, scientific research has often faced various obstacles, such as slow and inefficient peer review processes, complicated intellectual property ownership, and funding difficulties. DeSci is here to offer a solution.

Let's discuss DeSci in more depth and its potential to change the landscape of scientific research.

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Problems in the World of Traditional Science

Illustration of "death valley".

Source: CoinGecko

The world of traditional science is often faced with the "valley of death". This term refers to the critical phase between basic research and the development of useful innovations. Many scientific findings fail to pass this phase because they are hampered by various factors.

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One of the biggest obstacles is antiquated data sharing systems. Researchers have difficulty accessing and sharing research data efficiently. In addition, ownership of intellectual property such as patents sometimes actually hinders collaboration and research progress.

The peer review process that is the current standard is not without criticism. Although the aim is to maintain research quality, this process can take a long time and is sometimes biased. 

In addition, the expensive publication costs of scientific journals make it increasingly difficult for researchers to publish their research results.

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DeSci: Innovative Solutions for the World of Science

DeSci comes with a solution based on blockchain technology to overcome these various problems. The principle of decentralization is key. DeSci seeks to democratize access to information and research funding.

• Data Openness: DeSci encourages the use of blockchain-based platforms to store and share research data securely and transparently.
• Research and Publication Revolution: DeSci accelerates the peer review process and opens up opportunities for researchers to publish their work more efficiently and affordably.
• Innovative Funding: DeSci leverages token and DAO-based funding schemes to open the door for investors and the community to contribute to scientific research.

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Examples of Promising DeSci Projects

• ResearchHub: A scientific discussion platform that uses tokens to reward research contributors.
• Molecule Protocol: A platform that connects biomedical researchers with investors through an NFT-based intellectual ownership scheme.
• DAO (Decentralized Autonomous Organization): A blockchain-based community that can play a role in decision making regarding funding and management of research projects.

The Future of DeSci: Full of Hope and Challenges

DeSci is still in the early stages of development, but its potential is very promising. The use of blockchain technology has the potential to create a research system that is more inclusive, efficient and oriented towards scientific progress.

Of course, DeSci will also face challenges, such as resistance from traditional science institutions and regulations that are not yet fully supportive. However, it is hoped that the spirit of collaboration and innovation that is the common thread of DeSci can bring positive changes to the world of science.

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Conclusion

DeSci offers innovative solutions to overcome various problems that hinder the progress of scientific research. By combining blockchain technology and a spirit of collaboration, DeSci has the potential to bring a brighter future to the world of science.

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