Research Incentivization based on Smart Contract Platform

Abstract

The boom of public blockchains and smart contract platforms opened new approaches to solve existing issues. These new approaches addressed successfully some weaknesses of previous processes and created some new classes of problems that need solutions. In this paper we explore distributed system based on smart contract platform with a low-entry barrier designed for direct incentivization of results of scientific research. The proposed system relies on transparent interactions between organizations and individual scientist defining hard computational problems with others that are willing to invest time and efforts searching for computational solutions.