How Blockchain Can Change The Way Science Works
The dawn of the digital age has seen an enormous shift in the way that our world works, from advances in communication and connectivity to industry-shaking technological developments. One area that has been particularly transformed is the world of science. From artificial intelligence and machine learning to advances coming from the application of blockchain technology to data storage, the modern research and development space is more exciting than ever.
The potential for blockchain to revolutionize science is particularly exciting. Here are some of the ways that blockchain technology could shape the future of scientific progress:
Decentralized Data Storage
One of the most common uses of blockchain technology is as a distributed ledger. By joining together a series of computers into a blockchain, valuable data can be stored in several places at once. This allows for better security and continuity of data, meaning that science can be conducted in much more secure and reliable ways.
Enhanced Peer Review
Blockchain technology can further enhance peer review processes in science. By making use of the ledgers stored on various connected blockchain nodes, the list of peer reviewers can be securely generated and benchmarked using smart contracts. This means that peer review processes can be conducted in a much more secure and reliable manner than before.
Secure Research Funding
The process of obtaining funding for scientific research can be lengthy and complex. This can be particularly challenging for young scientists and students who are just starting out. Blockchain-enabled research funding platforms can facilitate faster and more secure funding transactions, allowing scientists to begin their work quicker and more securely.
Easy Traceability Of Results
Thanks to blockchain, it is now possible to clearly trace the path of data from start to results. This means that the results of any research can be viewed quickly and easily, making it much easier to understand and verify the research results.
Data Management Efficiency
The amount of data that needs to be managed in the modern world of scientific research is substantial, and it can be difficult to make sure all of this data stays organized. Using blockchain, this data can be easily managed in a secure and efficient manner, allowing for faster completion of research projects.
Reduced Publication Costs
The cost of scientific journal publications and textbooks can be prohibitively expensive. Through the use of blockchain technology, researchers can cut out the middlemen and publish their work in a secure and transparent manner. This is expected to significantly reduce the costs associated with publication, allowing scientists to get their work out quicker and with less expense.
Improved Patent Applications
Applying for patents is an involved process that requires a great deal of paperwork and international cooperation. With blockchain, however, it is now possible to create a secure foundation for patent applications that is accessible to all stake-holders. This greatly simplifies the patent application process, and allows for faster international patent approvals.
Smarter Search
Searching the current universe of scientific articles can be a time-consuming process. With the introduction of smarter search mechanisms powered by blockchain, however, it is now possible to quickly and accurately find the information and research you need. This can help researchers save valuable time, and permits faster recognition and understanding of data.
Real-time Tracking Of Quantified Self
Due to the increasing popularity of quantified self, the amount of personal health data being generated on a daily basis is increasing exponentially. Blockchain technology, however, provides a secure, immutable database of personal health data that can be tracked in nearly real-time. This creates unprecedented opportunities for personalized healthcare and research, and can potentially revolutionize the way that healthcare is delivered.
Secure AI Control
Artificial Intelligence (AI) is being increasingly used in research and scientific advancement. Without proper control measures, however, this could present some major risks. By implementing the use of blockchain-enabled smart contracts, AI systems can be securely controlled and monitored. This can help ensure that AI systems are acting responsibly, and that their actions adhere to the laws and regulations of their geographical location.
Secure and Transparent Payments
Securing research funding and managing payments between researchers and funding organizations can be a tricky process. By using blockchain, payments can be securely and transparently managed, allowing researchers to be paid quickly and securely.
It is clear that blockchain technology has the potential to revolutionize the way that science is conducted. From secure data storage to enhanced peer review processes, blockchain can help facilitate a much smoother and more secure operation of scientific research. This can result in faster and more secure results, which can ultimately benefit all of us.
