This week, the major academic journal Nature Biotechnology published an article arguing that decentralized autonomous organisations (DAOs), could provide science with some potential benefits.
The article points out two main selling points for the research world adopting DAOs – easier funding and greater transparency — and argues that scientific communities would ultimately be strengthened by adopting the DAO form.
“So far, the DAO model seems to work best with projects that tackle a difficult problem or a traditionally underfunded area of research,” In the article, VitaDAO is mentioned, which supports research on lifelong health. ValleyDAO focuses on sustainability, while AthenaDAO focuses on women’s health.
Nature says DAOs can mint intellectual property as NFTs through DAO governance. DAOs would be the owners of this pseudo-patent.
This article also points out how DAOs can let patients own their treatment in clinical trials, such as the HairDAO collective, which allows DAO members to control funding and have first access for signing up new treatments.
Nature believes DAOs are capable of creating stronger communities, beyond funding decisions. As the current peer review system is set up in academia, most feedback takes place privately. This lack of transparency and accountability has caused published findings to not be replicated.
The article points out that with DAOs the research process could be moved on-chain. This would mean funding, feedback, and study results are transparent.
The integration of DAOs in scientific research has been limited so far. VitaDAO – which Nature describes as a “flagship” The science DAO has already produced several projects. “IP-NFTs,” The majority of DAO funding allocations are in the range of hundreds of thousand of dollars.
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