The Impact and Potential of AI and DAO in Life Sciences R&D Financing

Abstract

This study explores the transformative impact of AI and DAOs on R&D financing in the life sciences. Traditional funding mechanisms are rigorously scrutinized in an era demanding enhanced efficiency, transparency, and inclusivity. Combining AI's advanced analytics and predictive capabilities with the transparent, decentralized governance offered by DAOs proposes a comprehensive solution to these demands. The research focuses on how these technologies promote innovation, accountability, and sustainability in R&D financing, drawing on qualitative methods and insights from thirty-two life sciences professionals between May and September 2023. The results highlight AI and DAOs' potential to collaboratively overcome the limitations inherent in conventional financing, improving decision-making, risk assessment, and fund distribution. However, the integration of these technologies faces obstacles including regulatory uncertainty, technical complexities, and security issues.