Decentralized Science (DeSci): Changpeng Zhao’s Dive into a Revolutionary Sector
America ı By Jackie Allen
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In the wake of Changpeng “CZ” Zhao's departure as the CEO of Binance, a new frontier may be on the horizon for the crypto billionaire. Decentralized science, commonly known as DeSci is a rapidly evolving sector that aims to revolutionize medical research.
Following the conclusion of a US Justice Department investigation into Binance, resulting in a $4.3 billion settlement, CZ is mandated to pay $50 million personally and step down from his leadership role.
With newfound time and resources, the 46-year-old entrepreneur could explore the dynamic realm of DeSci, encompassing decentralized autonomous organizations (DAOs), biotech, financing, publishing, data storage, foundations, and more.
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DeSci Rising
DeSci is still in its early days, finding its footing in the wider scientific community. A spokesperson for OpSci, an autonomous research community grows faster when applying decentralized business models.
The growth of DAOs is a significant trend within DeSci, with over 20 DAOs operating in medicine's next innovation wave.
VitaDAO, a decentralized collective focusing on longevity research, exemplifies the potential of DeSci.
VitaDAO's awareness steward, Alex Dobrin, emphasizes the model's scalability and effectiveness in funding and supporting projects. The decentralized nature allows anyone to contribute skills and capital, fostering a collaborative and aligned approach.
DeSci proponents argue that decentralizing science can address the misaligned incentives in the current centralized medical profession. This is especially a factor in pharmaceuticals.
Tyler Golato, co-founder of Molecule, a decentralized biotech firm, highlights the positive impact on medical and pharmaceutical industries when incentives are realigned.
Advancing Medicine
One of DeSci's strengths lies in its ability to involve individuals from diverse disciplines and backgrounds.
Individual contributors, like Sara Peoples of AthenaDAO, bring unique skill sets to the community, contributing to advancements in various fields, including women's health.
If CZ ventures into DeSci, it could bring valuable attention and resources to the sector by by applying decentralized business models..
Dobrin notes that high-profile figures like CZ showing interest in DeSci and longevity can benefit the shared goal of advancing science and medicine through decentralization.
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