Let's go back to the essence of the platform and to the expected benefit for scientific developers.
Due to the streamlined process of technological commercialization and short period of their implementation, 90% of projects that successfully attract financing will be applied scientific developments. Firstly, because the attention of investors will be attracted by off-the-shelf technologies with a prototype model and technical documentation and secondly (depending on the completion of their development) the guarantees and profitability for investors will be predictable.
When applied to basic research, ScientificCoin can help scientists shed light on their ideas thanks to the subjective assessment of thousands of people. After all, a fresh perspective on art or literature can bring public recognition to the creator and, as a consequence, instantly materialize its result. But in the case of the theorists, this is an extremely rare phenomenon.
Today many scientists are forced to live off the state, which often because of its bureaucracy kills unprotected theory or technology non-formalized in compliance with some state requirements. As a friend of mine told me, "Science is the satisfaction of one's own curiosity at the expense of the state". It may sound harsh, but what would we do without the curiosity of Giordano Bruno?
This research will be supported by small donations from patrons and private individuals.
After placing the project on the platform, the developer will be able to create his own smart contract without applying to IT professionals. Services provided by the platform will allow him to do it automatically when desired, at any time while his project is in search of funding.
Briefly, a smart contract is a program that exists in a particular blockchain environment. The basic principle of a smart contract is the complete automation and reliability of the execution of contractual relations, the terms of which are incorporated in the program code and cannot be changed. Having unimpeded access to the objects of the contract, the smart contract monitors the achievement or violation of the specified conditions and makes independent decisions based on the programmed conditions.
When creating a smart contract on the ScientificСoin platform, it will be possible to account for any technical or financial specifics of the developer, and our task is to create templates for such contracts for easy application to the scientific field. Over the years, legal and technical examples of agreements with the use of fiat currencies, examples of investment, joint development, or gratuitous support of scientific projects have been piled up in state institutions.
Each new template will be offered for worldwide use, or regionally. Unlike nuclear physics, this quite feasible task does not require huge funding or unique knowledge, but it should be obvious that there are immediate benefits for and inclinations toward a revolutionary shift in the financing of science in these days of information-oriented society.
Pardon me for such a grandiose analogy, but what if Alfred Nobel had established his foundation in the blockchain era? Smart contracts can be applied in basic research for effective regulation of expenses, relationships between developers, their colleagues, partners, etc. And most importantly, there is transparency in the flow of funds! Donations of citizens to such organizations as the Red Cross will be available to the public and conveniently audited by anyone.
Besides, cryptocurrency provides a convenient way for transnational transfers. The transaction will be recorded in the blockchain — it's almost like a sign with your name on a bench in the park, the reconstruction of which was donated to by your grandfather!
At the risk of repeating myself, Scientificcoin does not deposit, create, or control tokens, smart contracts or wallets of creators. Using the Scientificcoin platform and templates of hundreds of smart contracts, a scientific project or a charitable organization that specializes in supporting scientific discoveries will be able to create their own tokens and smart contracts based on the Ethereum blockchain without giving control over them to anyone.
Today, many applied scientific developments are invested in by private individuals; crowdfunding platforms are especially popular. With their help, investment projects creating innovations are successfully funded, slightly transforming people's everyday life. Here's an example — the drinking jacket: https://www.kickstarter.com/projects/adv3nture/the-drinking-jacket-the-ultimate-drinking-accessor/description
Such projects cannot even be called applied science. However, the consumer market responds to quality marketing solutions much better than to poorly visualized innovative technology. The cost of innovation marketing is many times higher than the understandable concept of a "super yoga mat." I mean no insult to the developers of simple technical innovations; I only point out the inaccessibility of the crowdfunding market for difficult scientific developments that often fall beyond our imagination. In this case, there is the question of how to examine such complex and unique projects.
Below is a short description of how the platform works in relation to scientific projects. Learn more on our site https://scientificcoin.com
or from other articles.