logo
How crypto is changing the way research is conducted

How crypto is changing the way research is conducted

Khaleej Times3 days ago

I was scrolling TikTok last week and landed on an influencer interviewing Chris Crecelius‭, ‬founder of AxonDAO‭, ‬at the Bitcoin conference in Las Vegas‭.‬
It turns out Chris has been tackling medical problems with technology since 2013‭, ‬long before he knew what crypto even was‭. ‬One‭ ‬of AxonDAO's many projects allows people to make money from their own genetic information‭ ‬–‭ ‬something well-known predecessors in the DNA space charged us for and then made millions from‭. ‬They apply the power of Web3‭ ‬to‭ ‬improve the way science works‭, ‬connecting regular people with digital replicas of their body‭.‬
'The idea is that we all possess something valuable for science‭, ‬for humanity‭, ‬and now that we can digitise our likeness as a perfect machine‭,‬'‭ ‬he explains in the video‭. ‬'We can test these things and understand how our body‭ ‬
will react‭.‬'
In this world‭, ‬we would be able try out new medicines and therapies on our digital twin before taking them ourselves‭. ‬The possibilities are almost endless‭. ‬The crypto angle‭? ‬You can invest directly in this project through tokens the company issues‭. (‬Full disclosure‭: ‬AxonDAO's token is AXGT‭, ‬and I have owned a little bit of it since last year‭)‬
In this world‭, ‬we would be able try out new medicines and therapies on our digital twin before taking them ourselves‭. ‬The possibilities are almost endless‭. ‬The crypto angle‭? ‬You can invest directly in this project through tokens the company issues‭
This is just one example of a world of opportunity that exists in decentralised science‭ ‬—‭ ‬or DeSci‭. ‬This is a rapidly growing movement few ordinary people seem to know about‭, ‬one that applies blockchain technology to‭ ‬how scientific research is funded‭, ‬conducted‭, ‬shared‭, ‬and reviewed‭. ‬It's not just technical innovation‭; ‬it's a philosophical shift‭. ‬And it might just fix what's broken‭. ‬
Blockchain‭ ‬—‭ ‬the tech behind Bitcoin and Ethereum‭ ‬—‭ ‬is essentially a tamper-proof‭, ‬decentralised digital ledger‭. ‬No single authority controls it‭. ‬It's secure‭, ‬transparent‭, ‬and immutable‭ ‬–‭ ‬meaning it has never been nor can ever be changed‭. ‬When applied to science‭, ‬that means funding decisions can be made by the community‭. ‬Research data can be verified‭, ‬peer-reviewed and stored permanently‭. ‬Contributors‭ ‬can be rewarded directly‭. ‬And anyone can participate‭.‬
The DeSci space is already buzzing with initiatives‭, ‬many of which aim to solve long-standing issues in research‭:‬
Democratising research funding‭: ‬ Instead of waiting for grants or institutional support‭, ‬scientists can now raise funds directly from communities who care about‭ ‬their work‭. ‬Decentralised Autonomous Organisations‭ (‬DAOs‭) ‬like VitaDAO and AthenaDAO let token-holders vote on what gets funded‭,‬‭ ‬and they can even earn a return if the research leads to viable products or therapies‭.‬
Ensuring transparency‭: ‬ Traditional research is riddled with selective publication‭, ‬hidden data‭, ‬and academic bias‭. ‬With blockchain technology‭, ‬the whole process‭, ‬from protocols to results‭, ‬is open for scrutiny‭.‬
Speeding up peer review and publishing‭: ‬ Platforms like ResearchHub are reimagining how research gets shared‭. ‬Instead of costly‭, ‬biased academic journals‭, ‬blockchain-based review systems allow open access and community feedback‭, ‬with contributors earning crypto tokens for participation‭.‬
Expanding global collaboration‭: ‬ Blockchain removes institutional silos‭, ‬enabling researchers around the world to connect and collaborate seamlessly‭. ‬A scientist‭ ‬in Nairobi and one in Toronto could co-publish research in real time‭.‬
RESPECTING DATA OWNERSHIP
AxonDAO isn't the only one offering the chance for people to share their data‭. ‬GenomesDAO offers individuals the ability to store and control their DNA data‭, ‬with the option to share it for research and get compensated‭. ‬This flips the script on major genomics companies that have profited from user data without offering anything back‭.‬
Even intellectual property‭ ‬—‭ ‬one of science's biggest bottlenecks‭ ‬—‭ ‬is being rethought‭. ‬The NobleBlocks project lets researchers tokenise their discoveries‭, ‬creating tradeable IP assets that maintain ownership while enabling faster innovation‭.‬
It's early days‭, ‬but there are already more than 100‭ ‬DeSci projects underway‭. ‬There's PoSciDonDAO‭, ‬focusing on sustainable development‭. ‬HairDAO is researching hair loss‭. ‬VitaDAO is all-in on longevity‭. ‬AthenaDAO‭ ‬is dedicated to women‭ ‬–‭ ‬to closing the gender gap in medical research‭.‬
What I find most compelling is how this space encourages participation‭. ‬You don't have to be a PhD to contribute‭. ‬You can fund projects‭, ‬propose ideas‭, ‬analyse data‭, ‬or just help spread the word‭. ‬For anyone who's ever felt left out of the scientific conversation‭, ‬this is your invitation‭.‬
What Chris Crecelius and others are building isn't just technical innovation‭. ‬It's cultural revolution‭. ‬By merging blockchain‭, ‬AI and community governance‭, ‬they're giving science back to the people‭. ‬
While many of these ideas may take years to scale‭, ‬many projects will fail and others will soar‭ ‬–‭ ‬and no one knows who will emerge as the leader‭ ‬–‭ ‬the direction is clear‭: ‬decentralisation isn't just a financial story‭ ‬—‭ ‬it's a scientific one‭. ‬
And just like blockchain and cryptocurrency are levelling the investing playing field‭, ‬DeSci brings our health out of gate-kept‭ ‬government labs‭, ‬questionable peer review practices and Ivy League universities‭, ‬creating a light-filled space we can all find a‭ ‬way to be involved in‭. ‬

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Belkin unveils new gaming portfolio featuring power-packed charging accessories, gaming essentials
Belkin unveils new gaming portfolio featuring power-packed charging accessories, gaming essentials

Tahawul Tech

timean hour ago

  • Tahawul Tech

Belkin unveils new gaming portfolio featuring power-packed charging accessories, gaming essentials

Belkin's first iteration of gaming accessories will feature products designed to be compatible with Nintendo Switch 2 LOS ANGELES, CA – Belkin, a leading consumer electronics brand for over 40 years, today announced its entry into the gaming accessories space with the launch of a new lineup designed to be compatible with the highly anticipated Nintendo Switch 2. Built on decades of experience in power, connectivity and device protection, and released under Belkin's innovation-focused Future Ventures category, this marks the company's first collection of products tailored specifically for the gaming community. Belkin is 'Leveling up your play' – bringing a new level of reliability to the gaming ecosystem that differentiates through premium materials, timeless design, and in-house engineering. The new range includes elevated accessories designed to enhance the gaming experience, featuring on-the-go charging solutions, audio gear, robust screen protection, and new travel cases built for effortless portability and protection. 'Gaming is a natural extension of the Belkin brand. With our legacy of creating products that empower people to 'be ready for today', we're excited to bring Belkin's trusted accessories into the world of gaming,' said Steve Malony, CEO of Belkin. 'This new portfolio not only allows us to support the next generation of Nintendo Switch, but also reflects our commitment to quality, innovation, and sustainability. It's an exciting step forward as we continue expanding into new categories and delivering meaningful products to meet the needs of our diverse community of users.' Belkin's new gaming accessories include: Charging Case for Nintendo Switch 2 Travel Case for Nintendo Switch 2 TemperedGlass Anti-Reflective Screen Protector for Nintendo Switch 2 Essential power for gaming on-the-go Charging Case for Nintendo Switch 2 The Belkin Charging Case for Nintendo Switch 2 combines protection and power, ensuring your device stays charged while stored. With an included 10K battery pack, it eliminates the worry of a dead device, offering seamless gaming on the go. Designed with premium materials, it provides reliable protection against scratches and drops. Available in Charcoal, Sand and Green. Available now on Price: $69.99 USD / £49.99 / 59,99 € / 199 AED / 199 SAR Travel Case for Nintendo Switch 2 For those looking for a portable case that also offers protection, the Belkin Carrying Case for Nintendo Switch 2 combines protection and style for a sleek look. Designed with premium materials, it provides reliable protection against scratches and daily wear and tear. Available in Charcoal, Sand and Green. Available now on Price: $29.99 / £17.99 / 19,99 € / 99 AED / 99 SAR TemperedGlass Anti-Reflective Screen Protector for Nintendo Switch 2 Protect your Nintendo Switch 2 with the Belkin TemperedGlass Anti-Reflective Screen Protector, designed for ultimate durability, clarity, and reduced glare. This premium screen protector not only shields against scratches and smudges but also minimizes reflections, ensuring better visibility in bright or outdoor environments. The included applicator guarantees an aligned and bubble-free installation, making it easy to achieve a perfect fit. Game with confidence, knowing your screen is protected from daily wear and tear while maintaining a crisp, vibrant display. Available now on Price: $24.99 / £19.99 / 24,99 € / 79 AED / 79 SAR

Big Tech Eyes Stablecoins to Streamline Global Payments
Big Tech Eyes Stablecoins to Streamline Global Payments

Arabian Post

time4 hours ago

  • Arabian Post

Big Tech Eyes Stablecoins to Streamline Global Payments

Major technology companies are exploring stablecoin integration to reduce transaction fees and enhance global payment efficiency, signaling a potential shift in the digital payments landscape. Apple is reportedly in discussions with Circle, the issuer of the USDC stablecoin, to explore potential integration of stablecoin payments into its ecosystem. This move could enable seamless, tap-to-pay transactions using USDC on Apple devices, leveraging the company's recent decision to open its NFC technology to third-party developers. Such integration would allow users to conduct transactions without relying on traditional banking intermediaries, potentially reducing costs and increasing transaction speed. Airbnb is collaborating with Worldpay to explore stablecoin payouts, aiming to mitigate the high fees associated with Visa and Mastercard transactions. By integrating stablecoin payments, Airbnb seeks to offer a more cost-effective and efficient payment solution for its global user base. Worldpay's partnership with stablecoin infrastructure startup BVNK further supports this initiative, enabling businesses to make payouts using stablecoins without the need to handle digital assets directly. ADVERTISEMENT X, formerly known as Twitter, is developing its payments platform, X Money, which is set to launch later this year. The platform will feature Visa as its first partner, enabling secure and instant funding to users' X Wallets via Visa Direct. X Money has obtained money transmitter licenses in 41 US states and is banking with Citibank, with agreements with Stripe and Adyen. The integration of stablecoin payments into X Money could offer users a seamless and efficient payment experience, aligning with Elon Musk's vision of transforming X into an 'everything app.' Google Cloud has already taken steps toward stablecoin integration by supporting PayPal's PYUSD on its Web3 Faucet. This initiative allows developers to access testnet PYUSD on Ethereum and Solana, facilitating the development and testing of applications that utilize stablecoin payments. By providing these tools, Google Cloud aims to support the growth of Web3 applications and the broader adoption of stablecoins in digital commerce.

Trump has no plans for Musk call: White House official
Trump has no plans for Musk call: White House official

Khaleej Times

time5 hours ago

  • Khaleej Times

Trump has no plans for Musk call: White House official

US President Donald Trump has no plans to speak to billionaire Elon Musk on Friday, a senior White House official said, scotching reports of a possible call to smooth over their blazing public row. "The president does not intend to speak to Musk today," the White House official told AFP on condition of anonymity. After earlier reports of a scheduled peace call, stock futures turned higher as well, with those on the SP 500 up 0.4 per cent. Tesla's shares were up around 5 per cent in Frankfurt on Friday, having closed down 14.3 per cent on Thursday in New York, losing about $150 billion in market value. Markets were affected as the US President and the world's richest man went into an all-out brawl, as the world watched the two hurl accusations and snub each other on social media platforms.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store