A Bitcoin for Science?
Peerwith, the peer-to-peer marketplace for scientists, is pleased to announce the launch of PeerScienceCoin (PSC). PSC is a secure, blockchain-based payment token, launching initially on the Peerwith marketplace, with planned future expansion to other platforms and systems. It will increase the efficiency, reliability and convenience of the Peerwith platform, as well as hold value for the wider researcher services ecosystem, and help solve current problems around (micro)payments in academia.
Ivo Verbeek, Co-founder and Director of Peerwith, commented: “The launch of PeerScienceCoin marks a significant step forward in our development as a company. We expect PSC to become the primary payment tender on the Peerwith marketplace, increasing speed, efficiency and security of business deals, with automatic payments taking place after successful delivery of services. We are excited to see the platform grow and evolve following the introduction of PSC.”
PSC will enable the differentiation between parties paying for a service and parties consuming a service on the Peerwith platform. Academic institutions and funders frequently finance services used by researchers, leading to complex and inefficient processes surrounding payments and reimbursements. PSC enables parties to buy tokens upfront, which can then be used by researchers on the platform. PSC will simplify budgeting for clients, allowing real-time overviews of spend and remaining budget.
Moreover, PSC will increase the efficiency of the marketplace, enabling the users to manage microprojects and micropayments with reduced transaction costs and no minimum fee. PSC also removes issues surrounding payments made in foreign currencies.
Furthermore, PSC will be used as a science token within the broader researcher services ecosystem, enabling publishers and academic institutions to reward researchers with tokens for use on the Peerwith platform. Looking ahead, there is potential to integrate the token into other areas where (micro)payments are used by researchers, for example, for article processing charges (APCs) payments.
A pre-sales phase for PSC will be executed shortly. This will not be an exercise to raise money for the Peerwith business; a Crowdfunding campaign is already underway with this intention.
This article has been republished from materials provided by Peerwith. Note: material may have been edited for length and content. For further information, please contact the cited source.
Getting to Know the Microbes that Drive Climate ChangeNews
A new understanding of the microbes and viruses in the thawing permafrost in Sweden may help scientists better predict the pace of climate change.READ MORE
How Many People Die From TB Every Year?News
Discrepancies between the estimates for global tuberculosis deaths is due to different methodologies and data sources used by each institution. The results highlight the need to improve the modeling approaches in these countries in order to understand the true burden of the disease and design adequate health policies.READ MORE
ExPecto Patronum! Magical Machine Learning Tool Summons DNA Dark Matter DataNews
A new machine learning framework, dubbed ExPecto, can predict the effects of mutations in the so-called “dark matter” regions of the human genome. ExPecto pinpoints how mutations can disrupt the way genes turn on and off throughout your body.