Science is the power that assures the progress of all mankind. In addition to the existence of special laboratories and academies for the development of innovations, dozens of institutions have masters’ programs to unite people engaged in research at the professional level. But interaction between different structures is not established. Many scientists do not interact with each other, for fear of data theft. This is due to the fact that until the work on the project is completed, it is impossible to obtain a patent. One of the obstacles is the lack of communication between laboratories and institutes. This causes serious damage to the scientific community and prevents the study of important problems of modern mankind. New decentralized SciDex platform has been developed to solve this issue.
Key features of SciDex
SciDex unites the members of the scientific community, students and investors who want to invest their capital in the development of science, on one resource. The platform ensures the safe placement of information about their research and projects through the generation of a patent at the time of posting the data. Thanks to the blockchain technology, the exchange of scientific data is now standardized and simplified in compliance with security requirements through working with Ricardian smart contracts. The lack of influence on the work of scientists makes the community self-governing, giving all opportunities for the development of science.
Advantages of SciDex project
SciDex consolidates information in one Grant&Subsidy database, which protects accounts from hacking. Grandes generated for each posted project have a unique code that reliably protects innovations from counterfeits.
Massive SciDex server allows processing information about millions of posted projects with low costs, which makes them affordable. Among a large number of posted innovations, Scisearch search engine with a three-dimensional filter helps to navigate quickly to search for innovations based on specified parameters.
SciDex project also launched a loyalty program. The amount of compensation depends on the user's activity and the number of successful projects. Also, an active participant is given the title of "trusted member" according to which a number of preferred tools for working on the platform are opened.
Artificial intelligence allows standardizing all deployed designs and projects for users to quickly find the right information. Smart contracts allow participants to invest in projects without fear of theft of funds and the removal of the project. When investing money by an investor, the funds are frozen on the transit account and can only be used for the intended purpose. After posting information about the study, it is impossible to remove it from the platform. After making investments in the project, the name of an investor is automatically reflected on the electronic patent.
An interesting point is also that the developers of the project are also scientists, thus, they are well acquainted with the shortcomings of communication in the scientific sphere. Doing all their best to improve the work of their platform, the creators left the opportunity for each participant to actively participate in the development of the project - the participants can vote at their own discretion for all proposed innovations.
SciDex cryptocurrency
To perform calculations on the project, SciDex tokens are used. Preliminary sales on the project were successfully completed in the 2nd quarter of this year. The start date of the main crowdsale has not yet been assigned. The business model of the project is built on charging commission for each transaction.
Summary
SciDex platform offers a user-friendly interface, a large scope of the world scientific society and protection of interests of all parties involved. Scientists from all over the world will be able to safely exchange their achievements and provide a scientific breakthrough at the expense of well-coordinated work. Subsequently, their development can be sold, the name of the author of the innovation is preserved in the electronic patent and cannot be deleted. The project was launched in late 2017, and the beta version of the project has already been developed. The full mode with the ability to work through SciDex mobile application will be launched by the end of the year.
Links:
Website: https://www.scidex.co/
WhitePaper: https://www.docdroid.net/PIjN2WB/scidex-whitepaper.pdf
Telegram: https://t.me/SciDexOfficial
Facebook: https://www.facebook.com/SciDexOfficial
Twitter: https://www.twitter.com/scidexofficial
Medium: https://medium.com/@SciDex
ANN: https://bitcointalk.org/index.php?topic=3315679.0
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.