DeSci Labs aims to revolutionise scientific publishing by eliminating paywalls and introducing token-based peer review for scientists.
Scientific publishing is currently hindered by paywalls, limiting access and requiring hefty fees for open publications.
DeSci Labs aims to transform this landscape through innovative technology.
CEO Philipp Koellinger highlighted that scientific content is often locked behind paywalls, leaving even researchers unable to access crucial information.
This system favours flashy results due to subscription models, skewing scientific incentives and increasing publication costs significantly.
Moreover, the rise of predatory publishers complicates the integrity of scientific research, while scientists contribute billions of hours of unpaid labour through peer review, which decides publication outcomes.
A study revealed that in 2020 alone, scientists in the US, China, and the UK spent over 100 million hours on peer review, equating to more than $2.5 billion in free labour for publishers.
In response, DeSci Labs is developing open public infrastructure for scientific publishing, leveraging Web3 and AI.
Their platform will allow scientists to share manuscripts, data, and code without paywalls or subscriptions.
A unique token incentive system intends to compensate referees for their peer review efforts, fostering a more equitable research environment.
This new approach shifts the focus from journal prestige to the quality of scientific work, potentially reducing unreliable studies and enhancing trust in science.
Koellinger emphasised that their model could expedite scientific discovery and increase transparency and accessibility, ultimately benefiting humanity as a whole.
