Narrative of Decentralized Science (DeSci) in Crypto: Definition and Goals

Bittime - Learn about Decentralized Science (DeSci) in crypto in this article. Know the concept, purpose and how blockchain can change the world of science.

In the midst of the rapid development of blockchain technology, a new concept has emerged that is changing the paradigm of the world of science: Decentralized Science atau DeSci. 

DeSci offers innovative solutions to create a more transparent, decentralized and community-based scientific research and collaboration system. By leveraging blockchain technology, DeSci has the potential to make a huge impact. 

This article will discuss more about what DeSci is, its main goals, and how blockchain technology can accelerate this change.

What is Narrative Decentralized Science (DeSci)?

Decentralized Science (DeSci) is a new approach in the world of scientific research that leverages blockchain technology to create a more open, decentralized, and community-based system. 

This concept combines elements such as tokens, NFTs (Non-Fungible Tokens), and DAOs (Decentralized Autonomous Organizations) to revolutionize the way research is conducted, published, financed, and distributed.

Basically, DeSci aims to overcome various problems that often occur in traditional science, such as limited access to data, complicated publication processes, and non-transparent funding. 

Blockchain, with its decentralized nature, can provide a solution to these problems, by enabling all parties involved in scientific research to collaborate more freely, without the bureaucratic and gatekeeping constraints that are often found in conventional scientific systems.

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Understanding the Decentralized Science (DeSci) Narrative

The DeSci concept focuses on empowering scientists to conduct research and share their findings without having to rely on central structures that often slow down the process. 

As explained by Vitalik Buterin, creator of Ethereum, DeSci is a group of ideas that seeks to answer the question: "How can open and decentralized technology make science better?"

Blockchain as DeSci's underlying technology has the potential to improve scientific institutions. This builds better collaboration, and makes access to funding easier. 

For example, the use of DAOs in DeSci allows researchers to obtain funding from the global community without going through traditional channels that are often filled with bureaucracy. 

With the tokenization of research results and the use of NFTs for intellectual property ownership, DeSci has the potential to revolutionize the way we view collaboration and scientific progress.

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Objectives of Decentralization of Science (DeSci)

DeSci comes with several important goals focused on improving existing scientific systems. Here are some of the main goals of DeSci:

Transparency and Open Access

DeSci encourages scientists to share their research data openly via its blockchain-based platform. 

It aims to remove obstacles related to access to scientific data that is often locked in paid scientific journals or large research institutions.

Increase Collaboration

In DeSci, scientists can collaborate more freely without hierarchical or bureaucratic constraints that hinder innovation. 

DAO enables collective and transparent decision making, providing space for contributions from various parties.

Decentralized Funding

Funding scientific research is often a major problem, with many scientific projects hampered by a lack of financial support. 

DeSci offers a new funding model through blockchain-based tokenization and crowdfunding, allowing scientists to obtain funding directly from investors or the community.

Award for Scientific Contribution

In the DeSci model, scientists and researchers are rewarded via tokens or NFTs for their contributions in sharing research or collaborating with others. 

This can increase incentives to innovate and accelerate scientific progress.

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Blockchain Solutions for Science

Blockchain has great potential in overcoming various challenges in the world of science. Here are some examples of how blockchain technology can be applied to address key problems in scientific research:

1. Peer Review Issues

The long and sometimes non-transparent peer review process can be overcome by using a blockchain system that can track who reviews research. This makes the process more open and accountable.

2. Intellectual Property (IP) Management

One of the problems in science is the management of copyright and patents. By using NFTs, researchers can digitize and secure ownership of their research results, giving them greater control over their intellectual property.

3. More Efficient Funding

The use of tokenization in research funding allows scientific projects to obtain funding from the global community without going through complicated bureaucratic procedures. 

Platforms like Molecule Protocol offer funding solutions by allowing scientists to sell their intellectual property (IP) rights in the form of NFTs to investors.

5. Data Storage and Sharing

Blockchain allows scientific data to be stored in a secure, decentralized, and transparent system. This makes it easier for scientists to share their data openly and ensures the integrity of the data used in research.

Conclusion

Decentralized Science (DeSci) brings a breath of fresh air to the scientific world. This technology offers a new way to overhaul the research system that has existed so far. 

By leveraging blockchain technology, DeSci creates a more open, decentralized and collaborative ecosystem. The main goal is to overcome big problems in science, such as limited data access, slow publication processes, and funding hampered by bureaucracy. 

As these technologies develop, DeSci has the potential to pave the way for more inclusive and sustainable scientific collaboration, which will ultimately accelerate scientific progress for the good of humanity.

FAQ

What is Decentralized Science (DeSci)?

Decentralized Science (DeSci) is a concept that uses blockchain technology to create a more open, decentralized and community-based scientific research ecosystem. 

What is the main problem that DeSci wants to solve in academic research?

DeSci aims to address key problems in traditional science, such as the “valley of death”—the critical period between basic research and its translation into useful innovation. 

How does DeSci leverage blockchain technology?

DeSci leverages blockchain technology to ensure the integrity and security of scientific records. 

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Reference 

CoinGecko, What Is Decentralized Science (DeSci) and How Can It Change the Scientific Field?, accessed December 31, 2024.

OnChain Magazine, What is Decentralized Science (DeSci)?, accessed December 31, 2024.

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