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International Business Times
International Business Times
Business
Marvie Basilan

Expert's Take: The Case For Legitimacy In Decentralized Science With Innovative Bioresearch CEO

blockchain
Representative image for biomedical research. (Credit: AFP)

KEY POINTS

  • Blockchain technology, through the creation of digital coins, is a novel avenue for funding scientific research
  • Innovative Bioresearch developed a dApp to efficiently store biomedical data onchain
  • The company was the first ever blockchain project to bring biomedical research into the blockchain space in 2016
  • 'Work that has never been checked for correctness by peer reviews is not considered legit science by the scientific community': INNBC's Dr. Jonathan Fior

2024 was the year when blockchain technology's true power shone in many ways as several traditional industries entered the space, and among the segments that bloomed from the convergence of blockchain and centuries-old industries is decentralized science (DeSci).

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