P2P Funding Marketplace

The DeSciWorld (DSW) Peer-to-Peer (P2P) Funding Marketplace makes it possible for scientists to secure funds and for the funders to start or contribute to open research.

Consider that research processes are: - Difficult to obtain funding for - Lack transparency - Has challenges with global co-ordination

The DSW P2P Funding Marketplace has been designed to allow any researchers, regardless of their affiliations or experience, to present their project ideas to a global community of potential funders. The platform removes bureaucratic hurdles, accelerates scientific research funding, and ensures a fair and efficient funding process for all parties involved by ensure transparency at every step.

DSW P2P Funding Marketplace's Vision:

The DSW P2P Funding Marketplace envisions a world where every researcher, irrespective of their background or institutional affiliation, has fair access to the funds required to carry out their projects. It stands firmly on the belief in democratizing scientific research funding and promoting collaborative engagements between researchers and the global funding community.

The platform's primary objective is to disrupt traditional research funding mechanisms that are often bureaucratic, hinder innovation, and create barriers for independent scientists. It seeks to empower researchers to drive scientific advancements without the worry of financial constraints.

One of the key aspects of this vision is the creation of an open and dynamic scientific community. The platform looks forward to fostering a space where researchers and funders can interact freely and decide collectively on projects that address global scientific issues and further humanity's progress. Through direct interaction and transparency, a mutual trust between parties is developed, which improves the overall research funding process.

DSW P2P Funding Marketplace also holds a strong commitment to leveraging state-of-the-art technology to ensure security and efficiency. The utilization of blockchain technology not only provides a secure escrow system but also ensures independent or even anonymous funding. This ensures a reliable and flexible operation for both researchers and funders.

The end goal is to create an innovation-conducive, inclusive, and equitable platform unbound by geographical location or institutional biases. A platform that stands for participation, engagement, and progress in scientific research through the power of decentralized funding.

Leverage the blockchain to deliver Open Research

The marketplace utilizes a smart contract based escrow system alongside a novel on-chain reputation mechanism. This setup allows research to be funded independently or even anonymously, providing flexibility and inclusivity for both funding parties and researchers.

The Fees are charged ranging from 1-5%, on the total value of funding received through the platform for each research objective. This approach ensures that the platform remains sustainable and operative while providing significant value for its users.

Benefits of DSW P2P Funding Marketplace:

The DSW P2P Funding Marketplace has been designed with both researchers and potential funders in mind, delivering a user experience that significantly improves the scientific research process and outputs. Key advantages to consider:

For Researchers:

1. Direct Access to Funds: Researchers gain direct access to a rich pool of potential funders without needing to rely on traditional, often cumbersome, grant application processes.

2. Broadened Reach: The global footprint of the platform allows researchers to share their projects with a broader audience, hence increasing chances of obtaining funding.

3. Efficient Fund Management: The platform's cryptocurrency-based operations streamline the management of received funds, making transactions quick, transparent and secure.

4. Dynamic Communication: The platform offers the possibility to constantly update funders about project developments, fostering a collaborative and trustful relationship between parties.

5. Independent or Anonymous Funding: The use of blockchain technology enables independent or even anonymous funding, offering flexibility and wider funding possibilities.

For Funders:

1. Transparency: Blockchain's transparent nature allows funders to track their contributions, instilling confidence about where and how their funds are being used.

2. Expansive Research Possibilities: The platform provides a multitude of research proposals to choose from, enabling funders to back the initiatives that closely align with their interests.

3. Direct Interaction with Researchers: Funders have the opportunity to directly interact with the researchers they are supporting, creating a closer bond and understanding of the research project.

4. Positive Impact: By supporting researchers directly, funders can make a tangible and meaningful impact in advancing scientific research.

5. Sustainable Funding: A small part of the pledged funds is used to maintain the platform, ensuring its sustainability, better user experience and continued service.

Together, these benefits make DSW P2P Funding Marketplace a tool to revolutionize the research funding sphere by creating a democratic, efficient and supportive environment for scientific discoveries.