EUREKA - Marketplace for Ideas

The world of science and technology has always evolved around research and discoveries. Every now and then, people come up with various write-ups based on their research activities with innovative ideas to spread the great ideas science has for the world. Obviously modern technology cannot do without the incredible ideas that blockchain technology comes along with. The ultimate focus of most blockchain-based projects is geared towards providing solutions to the problems affecting humanity. On the other, most scientific discoveries are made to produce a positive impact on the lives of humans. As such, projects that are blockchain-based with good motive for science discoveries is worth applauding. Lets fo further into this we will discover thet funding agencies are often inundated with too many applications for grants. Public funding agencies are particularly susceptible to this problem. A historical example of this phenomenon occurred in 2009 when $200 million were set aside by the US government for 200 “challenge grants” which would fund high risk research projects. The receiving agency, the National Institutes of Health, was overwhelmed by over 21,000 applications.

Second, funding agencies may allocate funds for research which has already been disproved. This happens because funding agencies currently rely on peer reviewed journals when making funding decisions. Should the research in these journals prove to be irreplicable, this would mean that funding could be granted on the premise of irreplicable research. For funders and researchers alike, the situation which could ensue is much like a veritable house of cards. This is because in applications for funding, applicant researchers must cite published research to support their applications, however, if cited research is not reproducible this could put the whole project at risk of being delayed or — worse — unviable. Researchers may unwittingly apply for grants for research whose basis has already been disproved by other researchers, which could lead to a vicious circle in which funding is misallocated and time is wasted.

The solution to these problems is to create a virtual space in which researchers and funding agencies can communicate openly. It also involves adopting a new approach to funding research which can come to grips with the granularity required, both in terms of scope and scale, in the research funding industry.

WHAT IS EUREKA?
EUREKA project is a blockchain-based project that would provide
a technology based solutions to publishers both indirectly and directly through the EUREKA Platform for
decentralising publishing.

Publishing houses especially those who are into scientific research and discoveries publications will pay license fees to EUREKA Blockchain Solutions GmbH for the use and integration of the EUREKA Platform while running their operations over the technology platform provided by EUREKA Blockchain Solutions GmbH.

OVERVIEW OF THE EUREKA PLATFORM

The EUREKA Platform which is operated by EUREKA Blockchain Solutions GmbH, is a token-operated science publishing ecosystem on a blockchain networking system. Through the use of smart
contracts on the EUREKA Platform, the whole publishing process that is, submission,
reviewing, rating, decentralised publishing and funding decisions can be made with more efficiency.

Across the globe, academia is faced with many challenges that affects the timely publication of research articles and discoveries.

The EUREKA Platform through blockchain technology, will enable stakeholders such as scholars, universities etc to publish their journals with more transparency through the Ethereum network.

The peer-to-peer scientific data publishing platform provided by Eureka solutions will be the first to publish peer reviewed articles with a blockchain based ratings and review system, known as ‘EUREKA’.

ScienceMatters is already an existing platform with a good track record in the publishing business since February, 2016.
The founder of EUREKA and of ScienceMatters, Dr Lawrence Rajendran is a professor of neuroscience at the University of Zurich and also at the King’s College London and is known in academic circles for his pioneering research particularly on Alzheimer’s disease. The frustration with the limitations of the existing scientific publishing system with adequate credibility inspired the founder of EUREKA and ScienceMatters to come out with this initiative.

At the moment, the first researcher to publish a findings or a discovery overcomes other researchers to the publishing finish line, so there is a winner takes all situation. The main scientific findings only publish novel, thus the other researchers who have conducted studies that confirm or protest the results published elsewhere might never get their works published. Hence there are doubts as to whether published research can be repeated.

With this amazing initiative, advantages of using blockchain technology within the scientific research process are enormous. For instance, data recorded on a blockchain network cannot be altered. Secondly, it is decentralised and transparent for all to see. Using smart contracts, ratings and rewards can be done through an automated process.

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.

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

TEAM

ADVISORS & PARTNERS

For more information, please visit the links i have provided below;

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

Bitcointalk Username: BrainerdPaul
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409
ETH Address: 0x1461b1E13ac15B849B8fa54DcFa93B3961992642