In recent months, decentralized science (DeSci) has regained attention with its promises to democratize research funding and increase transparency. However, it faces a number of challenges threatening its sustainability.
The Revival of DeSci and its Prospects
Proponents of DeSci hope to change the traditional scientific process using blockchain technologies, leading to more open collaboration and fair distribution of resources for scientific research.
Current Challenges for Decentralized Science
Despite promising initiatives like VitaDAO and BIO Protocol, DeSci is often accused of focusing too much on speculation and quick financial gains, distracting from truly meaningful research.
The Potential of Innovation in DeSci
Predictive markets and quadratic funding can help eliminate inefficiencies in traditional systems if they focus on advancing genuinely meaningful projects, rather than attracting attention and speculation.
DeSci is at a crossroads. Further progress in this field depends on moving away from speculative practices and focusing on sustainability, reliability, and collaboration in scientific research.
