Crypto Altruism Podcast Episode 91 - SCINET - How blockchain will “revolutionize the way people do and support science”
In episode 91, we’re excited to welcome, Jordan Smith and Hank Brigham, Co-Founders of SCINET, a decentralized life sciences research and investment platform that revolutionizes the way people do and support science. We discuss how decentralized science, or DeSci, can address the biggest pain points felt by scientists, the role of IPNFTs in scientific research, how Web3 can empower individuals to have a voice in science, some of the most compelling DeSci use cases, and much more.
Three Key Takeaways
Some of the key pain points faced by scientists that Web3 can help address include a lack of funding, lengthy bureaucratic processes for approvals and publishing, the reproducibility crisis, and a lack of transparency and open access to data.
IPNFTs present an opportunity for scientists to be open and collaborative with their research while also being able to protect their intellectual property.
SCINET is helping build a more inclusive and fair system of science by giving everyone an opportunity to have a voice in scientific research, to invest in research important to them, and by shifting the power from traditional institutions to scientists and the community.
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Episode Time Stamps
03:15 - What was your “Ah hah” moment that got you excited about cryptocurrency and web3 in the beginning?
06:00 - On your website you mention how SCINET “revolutionizes the way people do and support science”. Do you mind giving listeners an introduction to SCINET?
08:05 - What are some of the biggest pain points facing scientists that DeSci can address?
12:40 - One of the most exciting use cases for DeSci is how it can help scientists secure their intellectual property. I’d love to hear more about this, and how SCINET enables this.
15:05 - I understand that you are building on the Internet Computer blockchain. Tell me more about ICP and why it’s a good fit for your project.
16:55 - What are the benefits of the software behind SCINET living on-chain?
22:20 - Tell me more about the tokenomics behind SCINET.
30:05 - I understand you’ve taken part in a couple Gitcoin grant rounds. How was your experience taking part in this?
34:35 - There has been some incredible growth in the world of DeSci lately. For scientists who are still skeptical about DeSci, how would you convince them to get on board.
37:25 - What’s the best way for listeners to learn more about and support SCINET?
39:00 - To wrap things up, if you could name one thing that excites you most about the social impact potential of web3, what would it be and why?
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DISCLAIMER
While we may discuss specific web3 projects or cryptocurrencies on this podcast, please do not take any of this as investment advice, and please make sure to do your own research on potential investment opportunities, or any opportunity. We host a variety of guests on this podcast with the sole purpose of highlighting the social impact use cases of this technology. That being said, Crypto Altruism does not endorse any of these projects, and we recognize that, since this is an emerging sector, some may be operating in regulatory grey areas, and as such, we cannot confirm their legality in the jurisdictions in which they operate, especially as it pertains to decentralized finance protocols. So, before getting involved with any project, it’s important that you do your own research and confirm the legality of the project. More available HERE.
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