I wanna share a project that will surely bring positive impacts and will save lots of lives in the world!I am so interested in this project and I really think this is worth sharing. I'll share it in this article.
This project is one of the pioneers in DeSci (Decentralized Science). Personally, I think current scientific research is quite limited due to legals & regulations restrictions, costs and lack of inclusivity to the public.
The project basically combines the blockchain technology and biotechnology, making scientific research decentralized. The 3 unique selling propositions that I have found in the projects are, "transparency", "accessibility" and "efficiency".
Traditional funding mechanism in science, especially biotechnology often lacks transparency. We don't know for sure whether the fund is fully distributed to the research. By utilizing blockchain, the funding ecosystem will be transparent and accountable.
With DeSci, we can invest in the ongoing researches DIRECTLY to the project. Without having any third parties involved, leading it to the 2nd unique selling point, "efficiency".
Imagine the society can directly fund the ongoing researches and project. The research will be MORE time and cost-efficient since there are less bureaucracy and parties involved in the funding process. Researches won't have problems with financial issues.
The 3rd unique selling point is, "accessibility". There are LOTS of good and useful researches that actually benefits the society. But lots of them are hard to access and lack inclusivity. Not to mention the results that can only be accessed by certain parties.
This project decentralized IP management and funding, resulting in the easy accessibility of the results to small researches that lacks fund to obtain references for their researches. The result is accessible WORLDWIDE.
The project is called "BIO Protocol", an innovative curation and liquidity protocol designed to revolutionize Decentralized Science (DeSci) by accelerating biotechnology through collective funding and the tokenization of biotech projects and intellectual property (IP).
It empowers global communities of patients, scientists, and biotech professionals to collaboratively fund, develop, and own tokenized biotech initiatives.
BIO Protocol was initiated in July 2021 with the launch of VitaDAO, marking the beginning of its journey in the DeSci space.
Their mission is to serve as DeSci's new financial layer, engineered to tokenize, govern, and commercialize decentralized science more efficiently.
BIO Protocol is designed for patients, scientists, biotech professionals, and investors interested in participating in and funding decentralized biotech projects.
The good news is, they have just launched their native token called "BIO". By buying the token, your fund will be used for scientific researches and biotechnology projects. It's like you're directly investing in the world's biotechnology developmentAnother good news is, you can obtain BIO for "FREE" by locking your
$BNB in the Binance Launchpool.
If you're interested in participating in and funding decentralized biotech projects, you can check out the Binance Launchpool feature and find BIO there.
Me, personally, I'm currently eyeing this project since I believe that it'll be a project worth investing in the long run. Considering the biotechnology industry value will potentially grow to $2.4 trillion in the next 5 years. BIO is going to be a game changer.
Investing in BIO means contributing to life-changing innovations while positioning yourself in a high-growth industry. So, you can just sit and wait, or join the movement, gain profits, help global biotechnology and medical researches by investing in BIO 👍🏻
#BIO #BIOProtocol #Biotech #DeSci