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⛓Decentralized technologies have proven their utility to further improve on modern science in a concept known as DeSci. The movement, which focuses on the benefits of decentralized cross-border collaboration science, is known as DeSci.
👨🔬Following the financial use case came a host of scientists and entrepreneurs who incorporated smart contracts, tokens and other blockchain tools in their efforts to improve modern science.
🧬Originally, this movement stemmed from the need to enhance scientific funding, which was primarily set by scientists who spent half their time writing grant proposals. Consider that without funding, not only is less science being done, but the projects scientists choose to pursue are more biased.
🤑Operating as a DAO, stakeholders, including researchers, can raise funds in a distributed manner while also receiving a monetary stake in the outcome. Members of a DAO also benefit because if a drug or other medicine is released, each member owns a piece of its success.
🕸Similar to how blockchain disrupts other industries, Web3 models are now challenging Web2 with decentralized, shared ownership in avenues such as funding and shared knowledge.
🗣Spread the word: https://twitter.com/AstraGuild/status/1542108951130816512
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