Decentralized Science (DeSci), like Decentralized Finance (DeFi), is the latest development in advancing the principles of decentralized science.
This is a movement to advocate for a paradigm shift in science using new technologies such as blockchain and Web3. It employs the principle of decentralization rather than centralization, which has largely succeeded in stifling scientific progress.
Decentralized Science and Human Progress
The world as we know it is constantly changing with advances in technology and science, many of which have helped shape human interaction, development, and the way we live.
However, it does not always begin with a noble science-related development or technological revolution that ends up in the best service of humanity. Arguably, most of the problems lie in the massive centralization that has devoured science over the years.
For example, too much power in the scientific community is concentrated within the control and authority of very few journal publishers, private organizations, and government-controlled institutions. These centralize everything in one way or another – whether it’s protecting and using funds, accessing research and data, or even collaborating.
These are the fundamental denials that emerge from the centralized scientific method, and thus promote a more decentralized scientific space.
Some Benefits of Decentralized Science
One of the greatest achievements through decentralized science is the elimination of meritocracy, allowing scientists to work more freely and provide broader support for their projects.
While scientists still adhere to established standards, there is wider access to research and peer review through democratized channels.
For example, the DeSci project VitaDAO provides access to DAO funding programs and targets early-stage projects focused on longevity. This is one of those areas where funding is limited and siloed access, but with open financing, more can be achieved in human health.
Science DAO is another blockchain-based initiative that supports decentralized science through a decentralized incubator and accelerator platform. Here, scientists, innovators and investors collaborate on projects in medicine, nutrition, renewable energy and natural sciences, and receive funding through decentralized governance.
Since ancient times, the scientific community has achieved tremendous development, and human life has generally benefited from advances made over time.
However, centralization has not helped open up space that could grow exponentially. This is likely to change with the advent of decentralized science – and this is changing even more with the further adoption of blockchain and Web3.
Collectively, smart contracts and Decentralized Autonomous Organizations (DAOs) are democratizing funding and collaboration, while Non-Fungible Tokens (NFTs) are helping to facilitate IP ownership. More has been achieved through various blockchain projects.