What is DeSci?
What is Decentralized Science (DeSci)?
DeSci uses blockchain to transform science from a closed system controlled by institutions into an open system where anyone can participate in and access research.
As a scientist who lacks funding or get tired of academic bureaucracy and politics, you will benefit from vast interests from Web3 community and can sell tokens in exchange for community funding.
As DeSci community members, you can purchase tokens from projects and research that interests you. When the research matures, your tokens, which represent your shares at the financial outcomes of the invested research, will appreaciate accordingly.
Thus weird but potentially world-changing ideas are more likely to get funded.
"Why did you buy their tokens?"
"Yeah, I really liked the idea to dig a 100-meter hole on the moon. I just never thought that they would actually mail a pound of moon rocks to me."
DeCentralized Science = Open Ideas, Open funding, Open Progress, Uncapped profit
Learn More about DeSci's Use Cases, Read Here
How Does DeSci Fix Academia?
Suviving the Valley of Death
One of the most critical challenges in current scientific research is what is called the 'valley of death' - the period between fundamental scientific research and its successful translation into practical innovations that benefit society.
In simpler words, the valley of death is the period from lab to commerical use. Most research with great potential could not make past this stage due to limited funding and bureaucracy.
DeSci proposes a revolution to how research is done :
- On-chain research funding allocation, community members vote to decide funding streams
- Blockchain data sharing networks, open to all, review by all
- Equal publishing protocols, no more gatekeeping
- International collaboration, a true global brain power network
- DAO-goverend patent right sharing, strong enough incentives for investors
Just imagine if individual investors could chip in at the initial stage of the Ozempic research, the profits alone from their small investments could be life-changing.
Research Funding Revolutionized
DeSci relies on blockchains to transform how research funding is distributed and managed. This includes:
- Quadratic funding mechanisms
- DAO-governed research grants
- Tokenized research projects
- Community-driven funding pools
- Patent right sharing based on DAOs
Your tokens bought from a research project would grant you entitlements to the outcomes of the research.You can freely choose whatever research that you deem well-worthy of your investment.
A mars mining robot? a cancer drug? or just a more comfortable pair of glasses? As DeSci community members, you would have the chance to get your ideas out or invest in other people's wild ambitions.
In my mind, DeSci is like the Age of Discovery, when people from the Old Continent freely and eagerly invested in ships and companies to bet on the returns of the New Continent.
DeSci is the New Continent in our lifetime.
DeSci Eliminates Bureaucracy Within Academia
A panel or committee will no longer be able to dictate the direction of research. Instead, we - you, me, all of us - will have a voice in determining where humanity blazes forward.
My DeSci Project
I'm building a DeSci platform, "Kickstarter for Science, with crypto", where scientists can tokenize their research and share future success with the supporters who fund them.