What is DeSci: The Revolution of Decentralized Science

Science development constantly suffers from bureaucratic laws, an abundance of intermediaries, and wasted time searching for funding. If all of these problems are solved, innovations will be implemented much faster.

DeSci (decentralized science) is a movement in which the scientific community uses the capabilities of new technologies, such as blockchain. The aim is to create an ecosystem where funding, creation, review, lending, storing and expanding scientific knowledge would not be as complicated as it is now.

In this article, we will consider in detail the DeSci technology, its advantages, and successful DeSci projects. Let’s get started!

Decentralized science crypto projects revolutionizes the scientific research process through advanced blockchain technology. DeSci employs blockchain, one of the core decentralized technologies, to ensure transparency by creating an immutable record of research data, methodologies, and outcomes. This transparency helps prevent fraud and builds greater trust in scientific results.

Smart contracts help automate and manage various aspects of research. They handle everything from funding and intellectual property to collaborations, all without the need for intermediaries. The automation simplifies and secures transactions within the research ecosystem.

Instead of relying on centralized servers, DeSci utilizes decentralized storage to safeguard data. This distributed approach not only enhances security but also ensures long-term accessibility and preservation of research outputs. 

Incentivization in DeSci often involves tokenization, where researchers, reviewers, and contributors earn tokens or NFTs (non-fungible tokens) for their contributions. These tokens can be exchanged or used to support additional research, encouraging greater participation and collaboration.

The DeSci crypto framework promotes open access to research findings and employs decentralized peer review systems. By inviting a broader range of experts to evaluate work, it enhances the quality and credibility of scientific research.

Furthermore, DeSci operates on a decentralized governance model, where decision-making is shared among participants rather than being controlled by a central authority. This inclusive approach to managing research projects and funding fosters a more democratic and collaborative scientific environment.  

Through DAOs (decentralized anonymous organizations), stakeholders can vote on important matters, ensuring that governance is transparent and inclusive.

Now, let’s consider the comparison table between traditional science and DeSci.

By the way, we have a great article in our blog on how DeFi vs CeFi solutions differ. Read on to learn more about the pros of decentralization.

DeSci introduces transformative advantages that can greatly advance the field of scientific research. Here’s how DeSci can enhance and elevate the scientific process, setting the stage for a more innovative and inclusive research environment:

1. Greater transparency: DeSci utilizes blockchain to ensure a transparent and unalterable record of research data and methods. This clarity allows for more rigorous examination and reproducibility, thereby increasing trust and credibility in scientific results.
2. Faster innovation: By dismantling traditional barriers and enabling open collaboration through decentralized platforms, DeSci speeds up the rate of innovation. Researchers from various disciplines and regions can work together more seamlessly, leading to quicker breakthroughs and discoveries.
3. Broader accessibility: DeSci advocates for open access to research findings and data, making scientific information available to a wider audience. This democratization of knowledge ensures that discoveries are accessible to researchers, practitioners, and the general public, promoting broader utilization and impact.
4. Efficient funding: With blockchain-based crowdfunding and decentralized trade finance options, researchers can secure funding directly from supporters. This method streamlines the funding process, reduces dependence on traditional sources, and opens up diverse funding avenues.
5. Expanded research networks: DeSci’s open, interconnected networks encourage cross-disciplinary collaborations. Researchers can engage with experts outside their immediate field, leading to novel insights and breakthroughs that might not occur within more isolated research settings.
6. Enhanced communication and feedback: Decentralized blockchain platforms facilitate real-time communication and feedback among researchers. This immediate exchange of ideas and constructive criticism speeds up the research process and improves the quality of the work being produced.
7. Verified data integrity: Blockchain ensures that research data remains accurate and unaltered. By providing a secure and verifiable record of data modifications, DeSci upholds the reliability and integrity of scientific findings, preventing data tampering.

Here are several impactful use cases showcasing DeSci's potential:

1. Open research databases: DeSci crypto platforms create open-access databases where research data and results are stored on the blockchain. This approach ensures that research is transparent, reproducible, and permanently available, promoting increased collaboration and trust among researchers.
2. Decentralized peer review: Traditional peer review can be slow and opaque. DeSci introduces decentralized peer review systems that involve a wider pool of experts for evaluating research. This method enhances the reliability of findings and accelerates the review process by including diverse perspectives.
3. Blockchain-based crowdfunding: Researchers can access blockchain-driven crowdfunding platforms to raise money for their projects. These platforms provide transparency in funding allocation and use, offering an alternative to conventional funding methods and connecting researchers directly with supporters.
4. Token-driven collaboration: DeSci platforms often use tokenization to reward researchers, reviewers, and other contributors. Participants earn tokens for their involvement, which can be used to fund further research or exchanged, creating a dynamic environment that values and incentivizes collaboration.
5. Intellectual property management: Blockchain, as one of the core decentralized technologies streamlines intellectual property management. By recording patents and research claims on the blockchain, DeSci ensures a transparent and secure system for tracking ownership and resolving disputes.

In this section, we highlight several standout examples that exemplify the success and potential of DeSci in practice.

Established by Polish Forbes 30 under 30 honorees Wojciech Sierocki and Ligia Kornowska, this platform seamlessly connects researchers with patients while safeguarding data privacy and consent through blockchain. The $LAKE DeSci tokens incentivize data sharing and have successfully collaborated with leading pharmaceutical firms and AI (artificial intelligence) initiatives, setting new standards in ethical data use and research synergy.

This is one of the top DeSci projects, which is affiliated with the SingularityNET Foundation, and is advancing the field of longevity and wellness using decentralized AI. The platform applies sophisticated AI algorithms to extensive health data and rewards users with $RJV DeSci tokens, which provide access to exclusive health benefits. With advanced tools like the Bayesian Network and Generative Cooperative Network, RejuveAI is democratizing access to breakthrough research and therapies in the quest for longevity.

Founded by Héloïse Ravaz, Hélice Prosthesis is transforming the prosthetics and artificial organs market by leveraging blockchain to make these devices more affordable. The project’s $H́ token reduces costs associated with high-tech prosthetics and supports the development of new technologies. Hélice plans to launch an R&D lab to further these innovations and aims for global expansion, particularly in California, to enhance access to life-changing prosthetic solutions.

DeSci is making significant strides across various sectors by applying blockchain and decentralized technologies. Let's consider the main industries which DeSci can transform:

Pharmaceuticals and biotechnology
DeSci is enhancing drug development and clinical trials through blockchain's transparency, biotech DAO, and data integrity. In general, decentralized biotech and pharmaceutical platforms streamline research collaboration and regulatory processes.

Healthcare
In healthcare, DeSci enhances data management and patient privacy. Decentralized networks facilitate secure data sharing and collaboration, supporting more personalized and effective medical research and treatments.

Environmental science
DeSci improves environmental research by providing transparent and reliable data for climate studies, pollution control, and conservation. Blockchain ensures accurate data tracking and supports effective environmental policies.

Agriculture and food science
DeSci boosts food safety and supply chain transparency by tracking products from farm to table with blockchain. It also aids in research on sustainable farming practices and food innovations.

Materials science
DeSci accelerates materials science by enabling open access to research data and fostering collaboration. Decentralized networks also speed up the development of new materials.

Energy sector
The DeSci technology enhances energy research and decentralized trading systems. Blockchain provides transparency in energy data, supports renewable energy innovations, and facilitates peer-to-peer energy trading.

Social sciences
DeSci promotes open access to research and data in social sciences, improving study quality and reproducibility. It supports interdisciplinary collaboration and deeper insights into social issues.

Education
The DeSci modern technology transforms education by decentralizing access to educational resources and research outputs. Blockchain verifies academic credentials and research publications, increasing trust in academic achievements.

Creating a decentralized science crypto project involves several key expenses that can vary based on the project's scale and complexity. Below, we mentioned the main cost factors:

1. Technology development: This includes expenses for blockchain infrastructure, smart contracts, and decentralized applications (dApps). Costs typically range from $10,000 to over $100,000, depending on the project's scope and technological needs.

2. Platform design: Developing a user-friendly interface involves UX design, front-end and back-end development, and maintenance. Budgeting between $20,000 and $70,000 is common for these components.

3. Token creation: If the project involves issuing its own tokens or NFTs, costs include token design, smart contract deployment, and management, usually ranging from $5,000 to $30,000.

4. Legal and compliance: Ensuring adherence to legal and regulatory standards involves legal fees for compliance and documentation, which can range from $10,000 to $30,000.

5. Marketing and community building: Effective outreach and community engagement require a budget of $5,000 to $20,000 for marketing campaigns and community management.

6. Ongoing operations: Running and scaling the project entails recurring costs for infrastructure, updates, and support, generally between $5,000 and $15,000 per month.

7. Research and development (R&D): Continuous R&D for improvements and technology integration can add $15,000 to $50,000 annually.

In general, developing a DeScis project can cost from $50,000, and more. For precise pricing, turn to an experienced blockchain development services provider like Peiko, and they will offer you a consultation.

Our company is your reliable choice if you aim to hire blockchain developers and create a modern and successful blockchain project that will engage users and drive revenue. We have years of experience in creating blockchain solutions and many successful case studies like Orion Protocol or Swych. 

Swych is a cutting-edge decentralized exchange (DEX)designed to elevate the cryptocurrency trading experience with enhanced security, unique functionality, and engaging features. Inspired by PancakeSwap, Swych integrates custom designs and introduces gaming elements that allow users to earn tokens while trading. Our role involved converting detailed Figma designs into functional Visual Basic code and then implementing them with React JS and Solidity.

We prioritized advanced security measures and rigorous audits to ensure transparency and safety. The platform supports token trading, liquidity provision, and yield farming, offering a comprehensive DeFi solution. 

At Peiko, we create profitable blockchain projects that showcase our expertise in developing tailored solutions. Turn to us for crypto exchange creation, cryptocurrency development services, or any other services. To see more successfully built software and blockchain products, you can check our portfolio. 

We also have a blog where you can find answers to many questions regarding blockchain technology, such as how blockchain vs hashgraph differs, what DeFi vs CeFi solutions are, and more.

DeSci is reshaping the future of science by leveraging blockchain technology to enhance transparency, collaboration, communications, and innovation. By breaking down traditional barriers and enabling a more open research environment, DeScis promises to transform how scientific knowledge is generated and shared.

If you're inspired by the potential of DeSci and want to bring your blockchain project to life, turn to Peiko. Our team of experts is ready to help you develop innovative solutions and make your vision a reality. Contact us today to get started on your blockchain journey!