Blockchain technology: NFTs, Web3 and the metaverse are useful for scientists

Scientists could leverage blockchain tools to democratize science. NFTs, Web3 and the metaverse can foster a modern scientific revolution. These technologies could improve collaboration between the different stakeholders of scientific projects.

A new scientific movement called “decentralized”: DeSci

Today we talk about decentralized scientific work or DeSci. Indeed, DeSci is the epitome of the so-called “decentralized” scientific movement. This combines blockchain and Web3 technologies with the aim of improving scientific research. Among the main goals of DeSci is broadening participation and funding when it comes to addressing scientific challenges. The movement also aims to democratize the peer review process. This process is dominated by a few journals in which it can be expensive to appear.

DeSci also aims to fight against censorship and create standards for research storage. Currently, on blockchains like Bitcoin, transactions are verified by a network of miners. The research could also be verified by participants in a blockchain network of scientists, etc. That said, peer review ecosystems based on blockchain technology can be transparent. They can thus lend credibility to research contributed by participants even if these are anonymous.

Furthermore, scientists could, for example, receive a “reward” for their participation, which would encourage a wider community to contribute. Essentially, decentralized science is going to make possible the development of platforms that allow more people to work with what Dr. Benjamin Bratton calls the “source code of matter” at a fundamental level.

Blockchain technology can positively impact science

Blockchain technology (tokens, NFTs, metaverse) has the potential to positively impact the platform economy in ways that democratize access to scientific collaborations. When we think of platforms, we usually think of Uber or Airbnb, which are world-changing projects, in and of themselves. But platform economics is a very recent field of research, which even advances game theory as an academic discipline.

This process started with Bitcoin (BTC) and has only grown with Ethereum (ETH) and the dozens – if not hundreds – of other blockchains since. Historically, web platforms and applications have tended to promote value creation. Indeed, the more they are used, the more the creator of the platform realizes value.

Blockchain makes possible a more equitable arrangement in which the more participants that add value to a given platform, the more people that benefit in return from the platform.

Decentralized science (DeSci) will allow the people who generate the value (researchers, scientists, citizen scientists, etc.) to earn value based on their contribution. This can have a great impact on basic research in science, mathematics and other fields.

Source: Cointelegraph

Receive a digest of news in the world of cryptocurrencies by subscribing to our new daily and weekly newsletter service so you don’t miss any of the essential Cointribune!

User Image

Luc Jose Adjinacou

Far from having dampened my enthusiasm, an unsuccessful investment in 2017 on a few cryptos only increased my enthusiasm. I therefore resolved to study and understand the blockchain and its many uses and to relay with my pen information relating to this ecosystem.

We want to give thanks to the author of this post for this outstanding material

Blockchain technology: NFTs, Web3 and the metaverse are useful for scientists

You can view our social media profiles here , as well as additional related pages here.