EUREKA - The Next-generation Open Science Platform – Powered by Blockchain

STARTER INFORMATION

With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, EUREKA, a scientific review and rating platform fueled by the EUREKA token from EKA Blockchain Solutions GmbH has arrived.

"Science seeks to extract knowledge and insights from structured and unstructured data. This field encompasses statistics, data analysis, machine learning and other advanced methods used to understand and analyze actual processes using data.

Data is often described as the new oil in economic parlance, reason why leading businesses including the famed GAFAs (Google, Amazon, Facebook, and Apple) are in control of loads of data. Some common applications of science is seen in internet engine protocols, digital advertisements, and recommender services. Data analysis, a key aspect of data science, has been found relevant in the healthcare industry to track patient treatment and equipment flow; in travel a gaming to improve consumer experience; for energy management as well as many other sectors.

Unlike in areas like Fintech, healthcare and supply chain where blockchain is now very familiar, the technology has not been explored extensively in aspects of data science. To some, the relationship between the concepts are unclear if not non-existent."

With that being said, 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.

But before we go any further, please check out this video presentation to get even more acquainted

Now that I have your attention, let’s get right to it.

What exactly is EUREKA?

As depicted above and as indicated on the official website of EUREKA, EUREKA is a scientific review and rating platform fueled by the EUREKA token from EKA 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.

Furthermore, EUREKA exploits blockchain technology and smart contracts to enable a more efficient and trustworthy publishing process by introducing time stamping for discoveries, rewarding reviewers, editors and referenced authors and decentralising publishing. The EUREKA Token (EKA) is a utility token and is a ERC20 combined with ERC667 token, thus it will follow token standards provided by the Ethereum protocol, meaning it can be sent and received in transactions on the Ethereum ecosystem.

A Brief look into ScienceMatters

ScienceMatters 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.

Impending Challenges and Solutions Offered by EUREKA

Academia is facing well-documented serious challenges from current models for scholarly publishing including:

Long delays in publishing research

Over-reliance of trust in researchers, peer reviewers and publishers that creates irreproducibility and unreliability in science

Absence of fair credit for contribution

EUREKA’s REWARD system aims to solve the current problems by allowing:

Publishing in real-time: From the moment of their conception, scientific observations are recorded on the EUREKA platform as single observations or preprints giving the author or inventor:

Immediate ownership rights and instantaneous credit and recognition.

Instantaneous feedback from peers.

Instantaneous and open sharing with the scientific community.

Crowdsourced and paid peer-reviewing: By using a blockchain based platform we:

Make use of both crowdsourced wisdom and time zones to get a faster and more accurate evaluation of the work.

Ensure the review process is bias-free and based on merit alone.

Enable smart-contract based payments to compensate authors, reviewers, as well as anyone who contributes to the advancement (development) of the work for their efforts.

Immutable, transparent and decentralised publishing: Publishing on the EUREKA platform ensures that archived data is immutable, timestamped; version controlled, and securely distributed thus providing an ideal system for research data management that does not put trust on either the publishers or authors.

About The Technology

Although, the blockchain-based system aims for decentralisation, a centralised backend provides a convenience layer to access the blockchain. Besides this backend, the infrastructure consists of a frontend part and a blockchain part. The frontend is a web browser that gets its content from the backend. The frontend needs to have MetaMask installed which provides a web3 interface to Ethereum.

How It Works?

Revelation Time stamping of scientific data

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.

Evaluation Peer-to-peer evaluation

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.

Worth assignment Rating

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.

Award Funding research, career, awards and prizes

EUREKA will have the first blockchain-based scientific rating system, preprint server and single observation platform that provide 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.

Data analytics AI-based prediction e.g. drug discovery

An artificial intelligence-based prediction tool will make use of ScienceMatters’ algorithm which identifies related studies and observations by cross referencing annotations and links them to form a narrative. This technology could be leveraged to predict targets for drug development.

The Token Flow

The Utilization of EUREKA Token (EKA)

EUREKA tokens and platform are used for:

Submitting articles for review

Proving ownership of observations and research output with timestamping

Up voting and down voting 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

Token Sale Details

Token Ticker Symbol: EKA

Public Sale Price per Token ($): 0.10

Accepted currencies: BTC, ETH

Total supply (#): 298,607,040

Tokens for ICO Sale (#): 149,303,520

Hard Cap ($): 14,930,3521

Soft Cap ($): 2,000,000

Token Allocation

Use of Funds

Percentage breakdown of the anticipated cost categories related to the development and marketability of the EUREKA Platform estimated over the next 5 years.

Tech development (50%) — Team of software engineers with experience in web application and blockchain application development. This financing allows for the rollout of the EUREKA token platform.

Marketing, sales, promotion, PR (22%) — Marketing and sales costs (marketing team, sales team, offline marketing initiatives, online marketing spending, ongoing PR and media relations, promotional activities for EUREKA, including events.

General and administrative expenses (28%) — Consists of management, business development, legal and further general and administrative costs.

ROADMAP

MEET THE AMAZING TEAM

ADVISORS & PARTNERS

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

Website: www.EUREKAtoken.io

Whitepaper: https://eurekatoken.io/whitepaper_v3_1.pdf

ANN Thread: https://bitcointalk.org/index.php?topic=5043012

LinkedIn: https://www.linkedin.com/company/eurekatoken/

Telegram: https://t.me/EUREKAToken

Twitter: https://twitter.com/tokeneureka

Facebook: https://www.facebook.com/tokeneureka

Medium: https://medium.com/eureka-token

Github: https://github.com/eureka-blockchain-solutions

Media and press contact: press@eurekatoken.io

Author: Cryptoholical

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106

Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.