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October 18, 2019
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Science and Blockchain –What’s the Connection?
Wait, did you say science? Why would science possibly need any assistance?
Well, it isn’t only about who wins the Noble Prize or what disruptive developments needs taking care of. It is much more than that.
Researchers across the globe don’t only have to solve worldly problems, they also have to deal with the threats that someone else might be credited for their years of hard work. Furthermore, there is also competition for funds. It isn’t every day that someone with a huge investment would invest their finances on some novice researchers. Mostly, the funding goes to researchers with the best track record and distinguished achievements, leaving many capable researchers with great ideas but zero investment.
Imagine this: A pool of highly-intelligent and creative young minds go unused and unheard. Without significant experience or a Ph.D. title before their names, many enthusiasts and researchers go unheard of despite their brilliant ideas to fix some of the most significant worldly issues.
This barrier makes it almost impossible for high spirited individuals to ever showcase their skills and expertise. Sorry to say but academic organizations have done little to nothing to encourage new researchers. This is why more and more researchers are now relying their hopes on the non-traditional agencies promising them exposure.
Will A Decentralized Approach Help The Clinical Neighborhood?
Yes, and not just scientifically.
It isn’t only science that faces this dilemma, even STEM fields suffer from the same. There are always cases of duplication and fragmentation across disparate groups. But there is a solution.
Matryx is a decentralized platform featuring distributed partnerships at different levels of innovation.
Can Matryx really help advance innovation?
Again, yes! Here’s how.
- For novices: Beginners at research won’t have to rely on their Ph.D. degrees to have their idea a voice. They will no longer be shunned or asked to offer assistance in somebody else’s project until they gain some experience.
- For Professionals: Experts won’t have to go door to door or sit through countless interviews to get funding for their task. They also won’t have to prove from time to time that they have the resources to begin a project or persuade others that their research is worth their time and investment.
- For enthusiasts: Those who wish to conduct research merely out of passion and interest will have direct access to a number of issues that need solving. If they want, they can contribute their time, mind and resources on projects they find interesting.
It is only because of platforms like Matryx that boost the rate of innovation and development by lowering entry and participation barriers.
How Does It Work?
Matryx uses VR and blockchain.
It uses (blockchain) smart contract systems to create rewards and incentivize options. People post their problems, add a bounty for anyone wishing to resolve it. The results are then shared and the individual who solved it gets the reward for it. All the submissions then go to the library and buyers can later purchase them via MTX tokens. Making use of tokens allows Matryx to continue supporting upgrades, update functions and enhance current services as per user demands.
Small contracts reduce the tension of compensating and tracking the contributors. When users compete for bounties, every competitor’s proposed solution is managed by contracts. Thus, the origin of the idea and whoever proposed it becomes traceable. This makes rewarding bounties fair and open.
