But what exactly is BIO and how does it work? Created by the founders of Molecule, a tokenization platform for biomedicine, and VitaDAO, the largest decentralized community for longevity science, Bio Protocol is an innovative financial protocol designed for the Decentralized Science (DeSci) sector, with the aim of accelerate the flow of capital and talent to on-chain scientific research.
With DeSci, access to knowledge is democratized: anyone can contribute to or benefit from scientific advances, regardless of where they are located or the resources at their disposal.
This approach breaks down institutional barriers that often limit the dissemination of research, promoting open and global sharing. Furthermore, DeSci redefines the economic incentives for researchers.
Thanks to blockchain-based systems, funding can be distributed in a fair and transparent way, ensuring that the value generated by science is recognized and adequately rewarded.
Cryptonews source thanks to Gaia Tommasi.