gtag('config', 'G-0PFHD683JR');
Crypto News

Expert Predicts 10,000x Growth in DeSci Market Cap: Here’s Why

Peer review is a vital part of scientific research. It plays a crucial role in ensuring the veracity and accuracy of findings before they are published. However, the peer review process is carried out by humans, and humans inevitably make mistakes. But emerging technologies might hold the key to fixing this.

BeInCrypto spoke with YesNoError Co-Founder Matt Schlicht and Mira Network CEO Magnus Bratt to understand how artificial intelligence (AI) and decentralized science (DeSci) merge to transform peer-reviewed scientific processes. 

The Price of Faulty Oversight

Even the smartest humans make mistakes. When it comes to science, these mistakes can have enormous consequences. History –both recent and old– has proven that time and time again. 

In 1998, NASA‬‭ launched‬‭ the‬‭ Mars‬‭ Climate‬‭ Orbiter‬‭‭ to‬‭ study‬‭ the planet’s atmosphere. The project involved a $125 million investment and almost 10 months of travel to get there.

Upon its arrival, the orbiter burned and broke down, and NASA soon pegged the mission as unsuccessful. What stung the most was that the mission’s failure was traced back to a simple navigation error. 

The navigation team led by the Jet Propulsion Laboratory (JPL) used metric units in their calculations. Meanwhile, Lockheed Martin Astronautics, the spacecraft’s designer and builder, provided crucial acceleration data in English units.  

Lockheed Martin’s failure to convert English units to metric explained the critical error that caused the spacecraft to approach Mars too closely and burn upon arrival.

“Traditional‬‭ peer‬‭ review‬‭ is‬‭ inherently‬‭ limited‬‭ by‬‭ human‬‭ error‬‭ and‬‭ subjectivity.‬‭ Reviewers‬‭ may‬‭ overlook‬‭ crucial‬‭ methodological‬‭ flaws‬‭ or‬‭ statistical‬‭ mistakes due‬‭ to‬‭ individual‬‭ biases,‬‭ conflicting‬‭ interests,‬‭ or‬‭ simply‬‭ the‬‭ limitations‬‭ of‬‭ manual‬‭ scrutiny,” Bratt told BeInCrypto. 

Subsequent investigations found that the lack of a rigorous, independent peer review of the navigation calculations contributed to the unit conversion errors going unnoticed. However, there have been even more recent cases where peer review mechanisms have failed to address such simple errors.

A Recent Case of Human Error in Science

One of the most recent events that speaks to the extent of human error in peer-reviewed scientific research happened last year. In October, a study published in the environmental chemistry journal Chemosphere revealed that electronic flame retardants are present in some black plastic household products, such as kitchen utensils.

The study prompted numerous media reports, including articles in outlets like The Atlantic and National Geographic, urging consumers to discard their black plastic kitchen utensils. It also unleashed a frenzy of public concern across social media. 

However, in December, for 30 cents and in 30 seconds, an OpenAI query reviewing the study’s findings found that authors had missed a zero. 

“We miscalculated the reference dose for a 60 kg adult, initially estimating it at 42,000 ng/day instead of the correct value of 420,000 ng/day,” the correction stated.

The‬‭ original‬‭ research‬‭ contained‬‭ a‬‭ significant‬ ‭ factor-of-10‬‭ error,‬‭ where‬‭ a‬‭ given‬‭ exposure‬‭ was‬‭ stated‬‭ to‬‭ be‬‭ 80%‬‭ of‬‭ the‬‭ legal‬‭ limit‬‭ for‬‭ a‬‭ certain‬‭ toxin‬‭ when‬‭ it‬‭ was‬‭ only‬‭ 8%.‬‭ In‬‭ other‬‭ words,‬‭ this‬‭ error‬‭ significantly‬‭ overestimated‬‭ exposure to these toxins.‬

“I‬‭ would‬‭ say‬‭ that‬‭ the‬‭ number‬‭ one‬‭ limitation‬‭ that‬‭ it‬‭ is‬‭ very‬‭ clear‬‭ that‬‭ peer‬‭ reviews‬‭ have‬‭ is‬‭ that‬‭ humans‬‭ make‬‭ errors.‬ These‬‭ are super‬‭ smart‬‭ people.‬‭ This‬‭ was‬‭ published‬‭ everywhere.‬‭ It‬‭ went‬‭ for‬‭ two‬‭ months,‬‭ and‬‭ millions‬‭ and‬‭ millions‬‭ of‬‭ people‬‭ saw‬‭ this‬‭ article,‬‭ and‬‭ nobody‬‭ caught‬‭ this.‬‭ It‬‭ turns‬‭ out‬‭ that‬‭ if‬‭ you‬‭ take‬‭ that‬‭ paper‬‭ and‬‭‬ send‬‭ it‬‭ to‬‭ OpenAI’s‬‭ latest‬‭ model‬‭,‬‭ ‬‭ you‬‭ simply‬‭ say,‬‭ ‘hey, are‬‭ there‬‭ any‬‭ errors‬‭ in‬‭ this‬‭ paper?‬‭’ For‬‭ about‬‭ 30 cents‬‭ and‬‭ in‬‭ 30‬‭ seconds,‬‭ it‬‭ immediately‬‭ says yes,” said Schlicht.

In response to these events, proponents of AI and DeSci have noted these flaws in traditional approaches to science.

Reimagining Peer Review with AI and DeSci

The concept of peer review has been around for centuries. Since its inception, it has undergone several changes.

“‬Peer‬‭ review‬‭ wasn’t‬‭ always‬‭ the‬‭ formal,‬‭ anonymous‬‭ process‬‭ we‬‭ know‬‭ today.‬‭ In‬‭ the‬‭ early‬‭ days‬‭ of‬‭ scientific‬‭ journals‬‭ (mid‑1600s),‬‭ editors—like‬‭ Henry‬‭ Oldenburg‬‭ at‬‭ the‬‭ Royal‬‭ Society—decided‬‭ what‬‭ to‬‭ publish‬‭ without‬‭ consulting‬‭ external‬‭ experts.‬‭ Over‬‭ the‬‭ 18th‬‭ and‬‭ 19th‬‭ centuries,‬‭ as‬‭ scientific‬‭ communities‬‭ expanded,‬‭ informal‬‭ discussions‬‭ and‬‭ internal‬‭ evaluations‬‭ gradually‬‭ evolved‬‭ into‬‭ a‬‭ more‬‭ systematic‬‭ practice.‬‭ By‬‭ the‬‭ mid‑20th‬‭ century,‬‭ as‬‭ research‬‭ output‬‭ exploded,‬‭ journals‬‭ adopted‬‭ structured,‬‭ external‬‭ peer‬‭ review‬‭ (often‬‭ with‬‭ anonymous‬‭ reviewers)‬‭ to‬‭ help‬‭ maintain‬‭ quality‬‭ and‬‭ fairness.‬‭ Today,‬‭ we‬‭ see‬‭ a‬‭ range‬‭ of‬‭ models—from‬‭ single-‬‭ and‬‭ double-blind‬‭ reviews‬‭ to‬‭ open‬‭ and‬‭ post‑publication‬‭ reviews—reflecting‬‭ ongoing‬‭ efforts‬‭ to‬‭ balance‬‭ transparency, efficiency, and rigor in a rapidly growing scholarly landscape,” Bratt explained.

DeSci has taken off to‬‭ find‬‭ Web3‬‭ technology‬‭ solutions‬‭ to‬‭ address‬‭ critical‬‭ challenges‬‭ that‬‭ arise‬‭ as‬‭ part‬‭ of‬‭ the‬‭ traditional‬‭ approach‬‭ to‬‭ scientific‬‭ research. As a result,‬‭ AI‬‭ agents‬‭ have become‬‭ an‬‭ apparent‬‭ solution‬‭ to‬‭ the‬‭ potentially‬‭ calamitous consequences‬‭ human‬‭ error‬‭ can‬‭ have‬‭ on‬‭ peer‬‭ review‬‭ mechanisms.‬‭ 

“‬Artificial‬‭ intelligence‬‭ can‬‭ automatically‬‭ flag‬‭ errors,‬‭ inconsistencies,‬‭ and‬‭ plagiarism‬‭ while‬‭ matching‬‭ manuscripts‬‭ with‬‭ the‬‭ most‬‭ suitable‬‭ reviewers—helping‬‭ to‬‭ reduce‬‭ bias‬‭ and‬‭ alleviate‬‭ reviewer‬‭ workload.‬‭ Decentralized‬‭ science‬‭ platforms,‬‭ using‬‭ blockchain‬‭ or‬‭ similar‬‭ technologies,‬‭ can‬‭ record‬‭ review‬‭ histories‬‭ transparently‬‭ and‬‭ enable‬‭ crowd-sourced‬‭ evaluations,‬‭ increasing‬‭ accountability‬‭ and‬‭ trust.‬‭ Together,‬‭ these‬‭ tools‬‭ streamline‬‭ and‬‭ improve‬‭ peer‬‭ review,‬‭ ensuring‬‭ faster, more reliable quality control,” he added.

These emerging technologies have also made contributions to scientific review more accessible.

“Decentralized‬‭ science‬‭ and‬‭ artificial‬‭ intelligence‬‭ can‬‭ tremendously‬‭ help‬‭ peer‬‭ reviews‬‭ by‬‭ lowering‬‭ the‬‭ cost‬‭ of‬‭ a‬‭ peer‬‭ review‬‭ by‬‭ enabling‬‭ an‬‭ AI‬‭ to‬‭ do‬‭ it‬‭ at a‬‭ fraction‬‭ of‬‭ the‬‭ cost‬‭ and‬‭ at‬‭ a‬‭‬‭ much‬‭ faster‬‭ speed.‬‭ DeSci can‬‭ give‬‭ everybody‬‭ the‬‭ ability‬‭ to‬‭ have‬‭ infinite‬‭ peer‬‭ reviews instantly,” said Schlicht.

Efficiency, speed, decentralization, and cost reductions can open new avenues for tackling complex scientific problems that have so far resisted solutions.

Accelerating Scientific Progress with AI

Emerging technologies like AI offer promising new approaches to intricate scientific challenges, including cancer research, human longevity, and Alzheimer’s disease.

Owing to centuries of human research, millions of scientific articles are published by journals worldwide today, translating to vast amounts of data. AI agents can store, filter through, and analyze existing datasets at rates that are humanly impossible today. 

“‬‭Artificial‬‭ intelligence‬‭ is‬‭ transforming‬‭ cancer‬‭ research‬‭ and‬‭ holds‬‭ tremendous‬‭ promise‬‭ for‬‭ speeding‬‭ up‬‭ the‬‭ discovery‬‭ of‬‭ effective‬‭ treatments.‬‭ AI‬‭ tools‬‭ are‬‭ already‬‭ proving‬‭ invaluable‬‭ by‬‭ rapidly‬‭ sifting‬‭ through‬‭ enormous‬‭ datasets‬‭ to‬‭ uncover‬‭ genetic‬‭ markers‬‭ and‬‭ novel‬‭ drug‬‭ targets,‬‭ modeling‬‭ how‬‭ cancers‬‭ evolve,‬‭ and‬‭ even‬‭ suggesting‬‭ innovative‬‭ treatment‬‭ combinations.‬‭ These‬‭ breakthroughs‬‭ are‬‭ not‬‭ only‬‭ accelerating‬‭ the‬‭ early‬‭ discovery‬‭ phases‬‭ but‬‭ are‬‭ also‬‭ optimizing‬‭ clinical‬‭ trial‬‭ designs‬‭ and‬‭ predicting‬‭ patient‬‭ responses‬‭ with‬‭ increasing‬‭ accuracy.‬‭ While‬‭ cancer‬‭ remains‬‭ a‬‭ complex‬‭ set‬‭ of‬‭ diseases,‬‭ AI’s‬‭ growing‬‭ impact‬‭ is‬‭ making‬‭ the‬‭ goal‬‭ of‬‭ a‬‭ cure‬‭ increasingly‬‭ attainable and is energizing the entire research community,” Bratt told BeInCrypto. 

Schlicht’s YesNoError (YNE) built a whitepaper for a decentralized initiative that harnesses advanced large language models (LLMs) to audit all existing scientific literature systematically. The YNE token is built on an economic model in which token holders can vote on which projects should receive priority. 

AI agents are responsible for scanning errors ranging from simple calculation mistakes to data falsification. The project’s broader objective is to develop a tool for verifying scientific claims accessible to researchers, institutions, and the public.

“How‬‭ many‬‭ research‬‭ papers‬‭ have‬‭ been‬‭ written‬‭ about‬‭ longevity? Let’s‬‭ say‬‭ it’s one million.‬‭ Let’s‬‭ say‬‭ that‬‭ you‬‭ are‬‭ a‬‭ lab‬‭ focused‬‭ on‬‭ longevity‬‭. The‬‭ size‬‭ of‬‭ your‬‭ team‬‭ that‬‭ would‬‭ be‬‭ required‬‭ from‬‭ a‬‭ human‬‭ perspective‬‭ to‬‭ not‬‭ only‬‭ ‭simply‬‭ read‬‭ a‬‭ million papers,‬‭ but‬‭ to also accurately‬‭ analyze‬‭ them‬‭ and‬‭ synthesize‬‭ that‬‭ data,‬‭‬‭ is‬‭ not‬‭ doable‬‭ on a‬‭ human‬‭ scale.‬‭ But‬‭ when‬‭ you‬‭ start‬‭ to‬‭ design‬‭ an‬‭ AI‬‭ agented‬‭ system‬‭ that‬‭ can‬‭ read‬‭ one million papers‬‭ basically‬‭ instantly, you‬‭ can‬‭ orchestrate‬ ‭ these‬‭ AIs‬‭ to‬‭ come‬‭ to‬‭ conclusions‬‭‬‭, come‬‭ back‬‭ with‬‭ synthesized‬‭ information, and‬‭ then‬‭ bring‬‭ that‬‭ to‬‭ the‬‭ ‬‭ human‬‭ team.‬‭ So‬‭ that‬‭ is‬‭ a‬‭ very‬‭ clear‬‭ way‬‭ where‬‭ AI‬‭ can‬‭ assist‬‭ in achieving‬‭ breakthroughs in longevity or any other scientific goal,” said Schlicht.

Other major players are starting to catch onto this increasingly popular trend. Advanced Micro Devices (AMD) and Johns Hopkins University researchers recently developed Agent Laboratory. This AI framework is designed to automate key parts of scientific research.

This system uses large language models to conduct literature reviews, design experiments, and generate reports, including code and documentation. However, it is not decentralized or based on a token model. Initial results suggest the framework can reduce research costs by 84% compared to other automated methods without compromising research quality.

Yet, if other projects in the crypto sector intend to develop similar projects, AI in DeSci can ultimately hold a promising future. 

DeSci’s Bright Outlook

According to CoinGecko, the DeSci market capitalization is $1.05 billion at the time of writing. Over the past year, the sector has demonstrated steady growth and constant innovation. Many of the newer projects have swiftly become major players.

Top Decentralized Science (DeSci) Coins by Market Cap.
Top Decentralized Science (DeSci) Coins by Market Cap. Source: CoinGecko.

Schlicht and Bratt predict that the market size for decentralized science will grow exponentially.

“I think that 10 years from now, the market cap of DeSci could be well over 10,000 times what it is right now. Because‬‭ of‬‭ the‬‭ combination‬‭ of‬‭ artificial‬‭ intelligence‬‭,‬‭ decentralization‬‭, and‬‭ tokens,‬‭ science‬‭ is‬‭ about‬‭ to‬‭ exponentially‬‭ increase‬‭ in‬‭ breakthroughs,” said Schlicht.

To that point, Bratt added: 

“‬‭If‬‭ successful,‬‭ it‬‭ can‬‭ easily‬‭ become‬‭ 5-10%‬‭ of‬‭ global‬‭ scientific‬‭ research‬‭ market‬‭ which‬‭ is‬‭ already‬‭ in‬ the trillions‬.”

However, they also expect DeSci to face resistance from traditional medical and scientific lobbies. 

Facing the Status Quo

While scientific research can be funded through grants from various government agencies, institutions, and foundations, it’s mostly funded by private corporations. 

A 2023 UCLA report indicates that nearly 80% of the approximately $57 billion spent on cancer research in the US in 2021 came from the private sector, primarily large pharmaceutical companies. It also reported limited sharing of research results.

“There‬‭ are‬‭ vested‬‭ interests‬‭ that‬‭ can‬‭ lobby‬‭ for‬‭ banning‬‭ such‬‭ market‬‭ activities to protect incumbent players,” said Bratt.

For Schlicht, DeSci presents an opportunity to defy private interests.

“Previously,‬‭ corporations‬‭ are‬‭ able‬‭ to‬‭ control‬‭ which‬‭ research‬‭ is‬‭ funded.‬‭ DeSci‬‭ disrupts‬‭ that‬‭ and‬‭ allows‬‭ anybody‬‭ to‬‭ get‬‭ funded‬‭ if‬‭ people‬‭ believe‬‭ that‬‭ their‬‭ idea‬‭ is‬‭ good,” he said.

Since blockchain technology permits anonymity and prioritizes privacy, he argues that innovators will be harder to track down. 

“I‬‭ do‬‭ not‬‭ believe‬‭ that‬‭ lobbyists‬‭ will‬‭ be‬‭ able‬‭ to‬‭ stop‬‭ DeSci. The‬‭ next‬‭ Einstein‬‭ might‬‭ be‬‭ anonymous.‬‭ It‬‭ could‬‭ be‬‭ someone with a‬‭ penguin avatar, or a‬‭ frog profile picture.‬‭ It‬‭ could‬‭ be‬‭ someone‬‭ with‬‭ an‬‭ NFT‬‭ as‬‭ their‬‭ profile, and‬‭ a‬‭ bunch‬‭ of‬‭ numbers‬‭ in‬‭ their‬‭ name‬‭. Lobbyists‬‭ can’t‬‭ even‬‭ find‬‭ them, because‬‭ they‬‭ don’t‬‭ know‬‭ who‬‭ they‬‭ are, and‬‭ they‬‭ are‬‭ funded‬‭ in‬‭ a‬‭ decentralized‬‭ way.‬‭ They‬‭ even‬‭ have‬‭ a‬‭ team‬‭ of‬‭ other‬‭ pseudonymous‬‭ people‬‭ who‬‭ are‬‭ working‬‭ with‬‭ them,‬‭ both‬‭ humans‬‭ and‬‭ AIs,” said Schlicht.

But before contemplating a potential rivalry between traditional medical lobbyists and innovators in decentralized science, DeSci is still on a path toward maturity. 

Ultimately, the convergence of AI and decentralized science offers a powerful new paradigm for scientific research. This opportunity has the potential to enhance the reliability and efficiency of peer review, democratize access to funding, and accelerate breakthroughs across diverse scientific frontiers.

Monitoring the progress of AI and decentralized science will be essential for responsibly integrating these technologies into scientific research.

Disclaimer

Following the Trust Project guidelines, this feature article presents opinions and perspectives from industry experts or individuals. BeInCrypto is dedicated to transparent reporting, but the views expressed in this article do not necessarily reflect those of BeInCrypto or its staff. Readers should verify information independently and consult with a professional before making decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button