Dash Crypto Company Brings the Blockchain to Academia
Academia has been fighting against plagiarism and theft of intellectual property since the conception of the industry. If millions of students who intentionally or unintentionally steal information from the sources they once sought to cite weren’t enough, patent trolls have become an increasingly problematic issue for the inclusive academic community.
Dash is a decentralized autonomous organization, or DAO. This means that the owners of Dash tokens, the currency created by the founders of the organization, are able to vote on the allocation of all funds within the funding operation. The company allows users to vote to fund certain projects which present themselves to token-holders in an effort to raise money for their unique venture.
The Dash is a decentralized autonomous organization with deep roots in the academic sector. Their latest project entails the publishing of a genome for a new strain of cannabis on the blockchain. The decentralized company plans to use cryptocurrency to reward scientists who choose to peer review the genome as it continues to develop.
The holders of tokens inside the Dash DAO recently voted to fund a startup project with around 30 Dash, which is the equivalent of around USD $8,098. It helps to redress several key problems within the academic patent community. In the status quo, lawsuits in the United States usually end in a stalemate, with each side of the dispute paying their own costs associated with the trial to mediate their claims.
The benefits to this new application of blockchain technology are multiple. In response to the earlier-mentioned problems of theft of intellectual property, the company is using the technology to prevent other agricultural businesses from claiming access to the genome after it has already been published by the project.
A Controversial New Genome
According to an original proposal listed on the Dash DAO website, the project seeks to use the funding to contribute to the creation of a new Cannabis genome, which will be published in a unique “crypto-incentivized, crypto-recorded” peer reviewing process. This means that the company’s project will completely sever its ties to the massive scientific publishing market which usually dominates the academic sector.
This could spell a problem for the booming sector, where publishing companies have a significant hold on the academic publishing process. More importantly, this sector operates without providing any kind of payment to publishers, reviewers, or even editors.
The most interesting part of the DAO-funded operation, according to many within the industry, is that it will help to incentivize the participation of writers and peer reviewers alike within the growing academic sector. This could have massive impacts for the community, as it would contribute to a greater incentivizing of authors to do good work.
Additionally, this type of technology could be a key asset in the fight for academic inclusivity. All too often, peer reviewers stray from the work of unknown authors, instead emphasizing the editing process on a variety of popular writers. This Dash-funded operation could help to motivate academic professionals to review relatively unknown authors.