What is EUREKA Project?
What is EUREKA Project?
EUREKA is a scientific review and rating platform fuelled by the EUREKA token from EUREKA Blockchain Solutions GmbH. Blockchain has the capacity to open science and make research findings immutable, transparent and decentralised. EUREKA revolutionises the scientific publishing and reviewing process by making it more efficient and fair using the EUREKA token to compensate all parties involved. Scientific discoveries can now be openly rated and rewarded based on the quality of the research. cienceMatters is a scientific online publishing platform.
The team behind ScienceMatters is also behind the EUREKA platform. After launching in 2016, ScienceMatters has operated multiple journals and covers all aspects of science publishing. In the same year the company was endorsed by the European Commission. It has 24 scientific advisory board members chaired by the Nobel laureate Prof. Tom Südhof and around 600 editorial board members from some of the best institutes around the world, such as Harvard University, Stanford University, ETH and the Max-Planck Institute.
Scientific observations are timestamped, hashed and recorded on the Ethereum blockchain. This gives the author or inventor immediate ownership rights, and ensures scientists’ and researchers’ discoveries are tamper-proof. Scientific observations undergo crowdsourced, peer-to-peer reviews which are transmitted and recorded on the EUREKA platform. The EUREKA platform will make use of crowdsourced wisdom and reviewers to get fast, accurate evaluations of the work, instead of being restricted to one or two reviewers, as is common practice. The EUREKA platform’s crowdsourced scoring of scientific work will provide researchers as well as publishers with a new metric that can be used to evaluate submissions more swiftly. Preprints or observations with ratings and reviews will be archived through the EUREKA decentralised and distributed system. In cases where the author wants to publish in a traditional journal, the scores can be transferred to the journals. The test scores are also available to funders, universities and prize or awards committees. The EUREKA platform’s crowdsourced scoring of scientific work will provide researchers as well as publishers with a new metric that can be used to evaluate submissions more swiftly. Preprints or observations with ratings and reviews will be archived through the EUREKA decentralised and distributed system. In cases where the author wants to publish in a traditional journal, the scores can be transferred to the journals. The test scores are also available to funders, universities and prize or awards committees. EUREKA will have the first blockchain-based scientific rating system, preprint server and single observation platform that provides reliable, immutable scores and data that can be transferred on the blockchain to funders, institutions and directly to journals. Sources of funding could make decisions based on ratings and reviews on the EUREKA platform.
EUREKA is a blockchain-based reviewing and rating platform for science publishing. ScienceMatters is the first client of EUREKA and potentially many other publishing platform could follow. The platform works like this: we get a URL which points generally said to article information and content. We hash the article with SHA-256 and save it with a timestamp and author and linked article references on the blockchain. Since a hash function delivers always the same output from the same input and it is very very difficult to find another input with the same output. On the EUREKA platform we are able to reward the linked (or cited) authors, reviewers, and editors associated with an article with EUREKA tokens. It’s all done by smart contracts.
How can EUREKA’s blockchain technology Work ?
Blockchain has the capacity to make research findings in the digital format immutable, transparent, decentralised, and distributed. Besides initial experiments and data acquisition, many parts of the research cycle could take place on a blockchain system.
EUREKA will power a novel science publishing system that will allow scientists to rate research, review manuscripts, and be rewarded for their contribution to the research process. EUREKA tokens (EKA) will be used to reward peer reviewers and editors, to encourage reproducibility studies, and to reward scientists who find negative, as well as positive, results. Hypothesis generation, discovery, attribution, incentivisation via smart contracts, and publication and dissemination can all be done on the EUREKA platform hosted on the blockchain. This bears the potential to be a new approach to resolving the current reproducibility crisis in science, reducing waste, and, most importantly, making more research results available. Beyond that, the EUREKA blockchain-based platform could be used to reduce overhead costs and accelerate the scientific process and incentivise true innovation.
Some of the advantages of having science research published on the EUREKA platform is that scientific observations will be timestamped, hashed and recorded on the public blockchain. This gives the author or inventor immediate ownership rights. And it also ensures that discoveries of scientists and researchers are tamper-proof. This has important ramifications for protecting intellectual property, prevents ‘scooping’, and helps to avoid delays in discovery and communication, as well as data manipulation. Another advantage is crowdsourcing and creating transparency in the evaluation process, also known as peer reviewing process. The EUREKA platform will make use of crowdsourced wisdom. It will allow reviewers to get fast, accurate evaluations of the work instead of being restricted to one or two reviewers, as is common practice. Reviewers will be compensated in EUREKA tokens for their work.
EUREKA aims to democratise science through decentralisation and transparency and making discoveries like penicillin accessible for everyone.
Token Sale Detail:
EUREKA tokens and platform are used for:
– Submitting articles for review
– Proving ownership of observations and research output with timestamping
– Upvoting and downvoting articles with EKA micropayments
– Voting for awards and prizes
– Paying the submission fee, which includes a fee for operating costs and a variable fee to reward two or more peer reviewers
– Automatically connecting peer reviewers with manuscript submissions
– REWARD ratings from peer reviewers can be used anywhere
– Rewarding peer reviewers, authors for citations and for having exceptional REWARD ratings
– Research funding using smart contracts: Releasing funds for studies, peer review once conditions have been met
– Token pledges, awards and prizes contributed by organisations for scientists and researchers to reach set milestones and help solve society’s problems
– Decentralised, peer-to-peer crowdfunding from the general public to directly pay scientists around the world to conduct research studies on the EUREKA Platform into under-researched diseases and ailments
– In the EUREKA Marketplace as a quality measure for research proposals
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