NFTs, Web3 and the Metaverse are changing the way scientists conduct research

Scientists can leverage blockchain tools such as smart contracts and tokens to improve scientific collaboration among different stakeholders. This so-called decentralized science movement, or DeSci for short, combines blockchain and Web3 technologies to improve scientific research.

A major goal of DeSci is wider participation and funding in addressing scientific challenges, as well as democratizing the peer review process — which is often dominated by a small number of journals where publishing and opposing censorship can be costly . DeSci can also create a standard for research storage with proof of existing technology. For example, on a financial blockchain like Bitcoin, transactions are verified by a network of miners, and research can also be verified by participants in a network of blockchain scientists.

decentralization of science

Blockchain-based peer-review ecosystems can be transparent, and they can provide credibility to research contributed by even anonymous participants. For example, scientists may receive stakes or “rewards” for participating, incentivizing the wider community to contribute.

In essence, decentralized science makes it possible to develop platforms that enable more people to interact with what Dr. Benjamin Bratton calls “the source code of matter at a fundamental level”. “work together. The democratization of science through decentralized science will provide a new interface layer for the modern scientific revolution. The way this is achieved is by decentralizing access to scientific pursuits — in short, allowing citizen scientists to function.

We have seen this happen with computers, and we believe it will happen with science as well. In the early days of the computer revolution, software was difficult to use. Few people understand these rare technologies, which have become more intuitive and simpler over time – thanks to different levels of abstraction – allowing more people to become valuable contributors . Some of the technologies that make this possible include Javascript and packages that help make coding more efficient. At a lower level of abstraction, there is a technology like WordPress that allows people who don’t know software or coding to build their own website.

scientific blockchain technology

Blockchain technology (tokens, NFTs, Metaverses) holds the potential to positively impact platform economies by democratizing scientific collaboration. When you think of platforms, you usually think of Uber or Airbnb, which are themselves world-changing projects. However, platform economics is a very new field of study, and it has even propelled game theory forward as an academic discipline. This process started with Bitcoin (BTC) and has since been furthered by Ethereum (ETH) and dozens, if not hundreds, of other blockchains.

Historically, online platforms and applications have often been centripetal in the process of creating value. The more they are used, the more value platform builders realize. Blockchain enables fairer arrangements, the more people who participate in any platform, the more people add value to the platform, and the more they get in return from the platform.

Decentralized Science (DeSci) is different from IP platforms or such – the more you use it, the more the platform benefits and the more its value is consolidated. In the case of DeSci, those who generate value—researchers, scientists, citizen scientists, etc.—receive value based on their contributions; that is, the more DeSci is used by other researchers and scientists, the more value they receive Big.

The implications for fundamental research in science, mathematics, and other fields are very important. DeSci is creating new ways of contributing and collaborating that were not possible before the advent of blockchain technology. If you have knowledge or understanding that is intrinsically valuable and may apply to a large project (you may not even know what the project is), then your contribution can be used by others, you can be recognized, And get some value from these contributions in the future.

NFTs will play an important role in the future Metaverse. Because it is through NFTs that scientific research can be safely transferred. Academia is already using NFTs. For example, the University of California, Berkeley, auctioned off an NFT tied to Nobel laureate cancer researcher James Allison for more than $50,000. The U.S. Space Force (a branch of the U.S. Armed Forces) began selling a series of NFTs featuring augmented reality satellite imagery and space imagery. The company of biology pioneer George Church, Nebula Genomics, plans to sell NFTs of Church’s genome. Church was a geneticist at Harvard who helped launch the Human Genome Project.

The use cases for NFTs are rapidly increasing in science, and there are sure to be more in the future.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/nfts-web3-and-the-metaverse-are-changing-the-way-scientists-conduct-research/
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