Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12753
Markets: 99637
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12753
Cryptocurrencies
58.43%
Bitcoin Share
Crypto Potato 2025-02-01 14:15:12

Overcoming the ‘Valley of Death:’ How DeSci Reshapes Scientific Research

Overcoming the ‘Valley of Death:’ How DeSci Reshapes Scientific Research

The scientific research process faces major hurdles, especially in converting basic research into real-world applications through translational research. The “Valley of Death” results in 80-90% of research projects failing before reaching human trials, with only 0.1% of drug candidates becoming approved treatments. Misaligned incentives among academia, funding organizations, and industry exacerbate issues like insufficient funding, weak collaboration between scientists and clinicians, and poor reproducibility, causing many projects to fail. But, decentralized science could be the answer to these inefficiencies. Addressing ‘Valley of Death’ According to Binance Research, Decentralized Science (DeSci) leverages Web3 technologies to reshape the research model. Its latest report revealed that blockchains offer a trustless mechanism for coordinating funding and provide a transparent, immutable system for tracking progress while aligning stakeholder interests. The key areas, such as lack of funding, reduced collaboration between scientists and clinicians, and poor replicability and reproducibility of scientific findings, can be tackled by DeSci. For instance, DeSci can address funding gaps by utilizing Decentralized Autonomous Organizations (DAOs) as a capital formation mechanism. DAOs unite patients, researchers, and investors with aligned goals of advancing research to the clinical stage and eventual commercialization. As such, transparent decision-making is enabled through token governance, with smart contracts enforcing funding milestones, tokenizing intellectual property, and distributing fractional ownership to participants. This new sector can address reduced collaboration by creating DAOs where researchers and clinicians align on research goals and outcomes from the start. IP tokenization rewards both parties fairly, while incentivized peer review systems encourage clinicians to offer early input. On-chain reputation systems highlight contributions, boosting trust and collaboration across the scientific community. DeSci can also improve reproducibility by using blockchain to log research methods transparently and make experiments easier to replicate. Web3 platforms allow the open sharing of all results, including failed studies, and address publication bias. Meanwhile, decentralized storage ensures data safety, faster retrieval, and better collaboration, increasing trust in scientific findings. DeSci Projections Despite its potential, DeSci remains in its infancy, with a market cap of $1.75 billion across 57 projects on CoinGecko – relatively small compared to DeFAI at $2.7 billion, with 41 projects and the broader crypto AI market valued at $47 billion. “To sum it up, decentralized science is already mature enough to impact the way scientific research is being conducted today. While there are some gaps and challenges in the current landscape, tackling the “Valley of Death” in research is already a huge step forward.” The post Overcoming the ‘Valley of Death:’ How DeSci Reshapes Scientific Research appeared first on CryptoPotato .

Most Read News



Cryptohopper
Market Cap
24h Vol
58.43%
Bitcoin Share
445
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.