Binance Research Report: From challenges to opportunities, how does DeSci reimagine science?

The rise of decentralized science (DeSci) has brought new hope to scientific research. It uses Web3 technology to solve many challenges in traditional scientific research, especially the "Gao of Death" phenomenon - that is, the problem that basic research results are difficult to transform into practical applications.

Pfizer's investment in VitaDAO marks the recognition of DeSci by traditional pharmaceutical giants. This prompts us to think about how to use DeSci to reshape the business model of digital health.

Binance Research's report "From Challenges to Opportunities: How DeSci Reimagines Science" explores in-depth how DeSci solves the "Gather of Death" problem. The report pointed out that traditional scientific research faces challenges such as insufficient funding, reduced cooperation between researchers and clinicians, and poor replicability of scientific discoveries. DeSci effectively coordinates stakeholders to solve these problems through decentralized autonomous organizations (DAOs), blockchains and smart contracts.

The application scenarios of DeSci in medical research and development include:

• Data acquisition: Use the DePIN model to obtain basic research and transformation research data around the world, and use AI to enhance data analysis.
• Data storage: Use encryption technology to store data on the chain, ensure data security and immutability, and build an open data access mechanism to improve the replicability and repeatability of scientific discoveries.
• Community of Interests: Establish a community of interests between basic research, clinical treatment and commercialization through DAO to achieve win-win results for all parties.

In the future, DeSci will build a decentralized organization (DAO) composed of multiple communities of interests, promote scientific discoveries and product implementation, and promote social development.

The following is a summary of the core views and content of the Binance Research report:

Core point:

• Traditional scientific research faces major challenges, and the "Gain of Death" phenomenon has led to the failure of most research projects.
• DeSci uses Web3 technology to provide an innovative scientific research model.
• DeSci coordinates stakeholders and promotes research progress through DAO, blockchain and smart contracts.
• DeSci has made significant progress in infrastructure, research, data services and community participation.
• DeSci is still in its early stages, but it has the potential to influence the way of scientific research.

Summary of report content:

The report first elaborates on the background of traditional scientific research and the causes of the "Gather of Death" phenomenon, including insufficient funding, reduced cooperation and poor replicability. Next, the report details the concept of DeSci and its mechanisms to solve the above problems, including how DAO is used for fundraising and profit distribution, how to promote collaboration between researchers and clinicians, and how to improve the replicability and repeatability of scientific discoveries.

The report also provides an overview of DeSci's landscape, analyzing its key innovation areas, including infrastructure (financing platforms, DAO tools), research (DeSci community, DAO), data services (publishing platforms, data management tools), and community engagement (Memes). Finally, the report summarizes the current situation and future development direction of DeSci, and points out that although DeSci faces some challenges, it has the potential to change the way of scientific research.

Although DeSci is still in its early stages, it has great potential for development and is expected to completely change the way of scientific research and accelerate the transformation and application of scientific results.

The above is the detailed content of Binance Research Report: From challenges to opportunities, how does DeSci reimagine science?. For more information, please follow other related articles on the PHP Chinese website!