Drug discovery refers to the process of identifying and developing new therapeutic compounds. This complex process involves basic research, target identification, compound screening, and preclinical testing before clinical trials begin. In the context of digital assets, blockchain technology offers novel methods for funding early-stage research and managing intellectual property. Decentralized science initiatives are also exploring ways to accelerate data sharing and collaborative research in this field.
Context
The current discussion surrounding drug discovery in the digital asset space focuses on how blockchain can address long development cycles and high costs. Its situation involves exploring tokenized research data, decentralized autonomous organizations for collective funding, and immutable record-keeping for clinical trial transparency. A key future development involves the successful demonstration of blockchain-enabled platforms significantly expediting the identification of promising drug candidates and streamlining regulatory submissions.
Bio Protocol advances decentralized science with AI-native infrastructure, streamlining biotech funding and accelerating drug discovery through autonomous BioAgents.
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