Decentralized Science (DeSci) protocols are in a similar stage of development as Decentralized Finance (DeFi) was in 2019. They are still experimental and raw, but have the potential to revolutionize the scientific research landscape. DeSci projects, such as BIO Protocol, Pump Science, and GLP1, leverage blockchain technology, tokens, NFTs, and decentralized autonomous organizations to incentivize community-driven scientific research and collaboration.
This approach aims to address issues within the scientific community, such as the flaws in the peer review system, and make scientific advancements more accessible and affordable. The DeSci movement has gained traction since the COVID-19 pandemic, as industry players search for new ways to combat infections and diseases.
By utilizing blockchain technology, DeSci projects can enhance data accessibility and security, while also reducing the risk of cyberattacks on healthcare firms. DeSci’s market cap currently stands at $1.2 billion, with leading projects like OriginTrail, Rifampicin, and VitaDAO contributing to its growth.
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