Unlike the traditional research system, where researchers face challenges like exorbitant paywalls, longer publication timelines, and overdependency on centralized entities to grant research funding, impact, and visibility, DeSci, termed decentralized science, is here to democratise access to scientific funding, research, and discovery. It is a disruptive solution to the conventional ways of academic research funding, peer review, and publication.
The DMD Diamond blockchain, a layer-1 community-driven ecosystem, is ideal to power and revolutionize the DeSci space. Thanks to its industry-first abilities, like instant transaction finality, onchain DAO, higher throughput (20 times more transactions per second and 20 times higher block gas limit than Ethereum), low transaction fees (compared to other EVM compatible chains), dynamic blocktimes, improved security & censorship-resistant, amongst others. Hence, the DMD Diamond blockchain is a go-to ecosystem for researchers to seamlessly mint their research outputs as NFTs, use DAO for research funding, and democratise their intellectual work hassle-free.
Minting Research Outputs as NFTs
The DeSci allows researchers to mint their research output like preprints, datasets, peer-reviewed articles, etc., as NFTs (Non-Fungible Tokens). By doing so, you have timestamped your work on the blockchain, affording yourself a verifiable proof of authorship, ownership, and immutability. The Minting process on the DMD Diamond blockchain is much more cost-effective due to its ultra-low transaction fees, accommodating underfunded researchers in low-resource environments. Once a research NFT is minted, it is secured immediately and can neither be tampered with nor reversed. Thanks to the DMD Diamond’s instant transaction finality ability.
Community-driven Funding via On-chain DAO
The onchain DAO is one of the key abilities of the DMD Diamond blockchain. Rather than succumbing to some centralized bureaucracy around research grants, researchers can submit funding proposals via on-chain Decentralized Autonomous Organizations (DAOs) on our ecosystem. You can attach your research NFTs to support your proposal submission. Once the community approves your proposal, the funding release and project initiation will follow. The Diamond-UI remains your go-to platform for all interaction with the use-cases around our blockchain, including the DAO governance system. The DMD Diamond’s DAO enables scientists, citizen scientists, philanthropists, and the global community to vote and distribute funding decentralized and transparently.
In conclusion, the DMD Diamond blockchain’s censorship-resistant ability ensures that no central institution or entity can gatekeep scientific knowledge. Unlike conventional research models, where publishers or journals could delay or reject publications based on their personal biases, on the DMD Diamond blockchain, once research is published as NFTs, it becomes accessible to everyone with an internet connection. Ultimately, the DMD Diamond blockchain is positioned as the next frontier of open, decentralized, and democratized science.
