Cardano founder Charles Hoskinson recently highlighted a major use case for blockchain-based Decentralized Science (DeSci) in response to a post by renowned academic writer Mushtaq Bilal. Bilal’s breakdown of academic publishers’ revenue revealed staggering numbers, with top players like Elsevier, Springer Nature, Wolters Kluwer, Wiley, Taylor & Francis, and Sage raking in billions of dollars, leaving authors and reviewers with no share of the profits.
In his tweet, Hoskinson emphasized that DeSci could address the issue of unfair compensation for authors and reviewers in the academic publishing system. He praised DeSci for offering free publishing services in an open-source, peer-to-peer network that promotes the sharing, validation, and curation of scientific knowledge without the barriers of paywalls or publication charges.
Furthermore, DeSci leverages blockchain technology to tackle funding, data sharing, publishing, and collaboration challenges in the academic sphere. Hoskinson’s endorsement of DeSci underlines the potential of this solution to revolutionize the way scientific research is conducted and disseminated.
In a separate nod to innovation, Hoskinson recently supported the Sui blockchain for its groundbreaking implementation of a secure alternative to the Border Gateway Protocol. This move showcases his interest in exploring and endorsing new blockchain projects that push the boundaries of technology and offer real-world solutions.
Ultimately, Hoskinson’s engagement with DeSci and his endorsement of the Sui blockchain demonstrate his commitment to advancing the crypto and NFT field through the adoption of innovative and transformative technologies.
