Overcoming “Valley of Death:” How Desci Returns Scientific Research

The scientific research process faces great obstacles, especially in converting basic research into real world applications through translation research. The “death valley” results in 80-90 % of research projects that fail before reaching human experiments, as only 0.1 % of drug candidates are approved.

Wrong incentives are exacerbated by academic circles, financing organizations, and industry in issues such as insufficient financing, poor cooperation between scientists and doctors, and poor reproduction, which leads to the failure of many projects. However, the decentralized science can be the solution to inefficiency.

Addressing “Valley of Death”

According to Binance Research, decentralized science (Desci) benefits from Web3 technologies to reshape the research form. The last one a report It revealed that Blockchains provides an unreliable mechanism to coordinate financing and provide a transparent and change system to track progress with the interests of stakeholders.

The main areas, such as lack of financing, reduce cooperation between scientists and doctors, poor repetition and reproduction in scientific results, can be addressed by Desci.

For example, DESCI can process financing gaps through the use of decentralized independent organizations (DAOS) as a mechanism for capital formation. DAOS unites for patients, researchers and investors who have goals that are compatible with the progress of research to the clinical and marketing stage in the end. As such, transparent decisions are enabled through symbolic governance, with smart contracts that implement financing features, intellectual property symbol, and the distribution of ownership of fractures to the participants.

This new sector can address the reduced cooperation through the creation of DAO, where researchers and doctors are in line with the objectives of research and results from the beginning. The distinctive symbol IP is equivalent to both parties, while stimulating pendant review systems encourage doctors to submit early inputs. Reputation systems are highlighted on the series, and the promotion of trust and cooperation through the scientific community.

Desci can also improve cloning using Blockchain to record search methods transparently and make experiments easier to repetition. Web3 platforms allow open participation for all results, including failed studies, and to address publishing bias. Meanwhile, decentralized storage ensures data safety, faster retrieval, better cooperation, and increased confidence in scientific results.

Desci expectations

Despite its capabilities, Desci is still in its cradle, with the market value of $ 1.75 billion in 57 projects on Coingecko – relatively small compared to Defai at $ 2.7 billion, with 41 projects and the broader Crypto AI market at $ 47 billion.

“To summarize this, the decentralized science is already mature enough to influence the way scientific research is conducted today. While there are some gaps and challenges in the current scene, the treatment of” Valley of Death “in the research is already a big step forward.”