Sumary
Indastry:
Science
BeFund`s service:
Smart contract, web development
BeFund`s team:
1 project manager, 4 developers
Terms:
2023
Technologies:
Solidity, Python, Django, JS
Cost:
<$100K
About the client
Our company was approached by the author of the idea of creating an open platform for scientists from Philadelphia. At the time of acquaintance, he registered his desire on the THELIUM page and was looking for contractors to develop the project. The BeFund team liked the scientist’s vision and the mission of the future solution. In addition, the customer had a task specifically for our blockchain developers — the creation of new non-interchangeable tokens from the articles posted on the future website . Thus began fruitful cooperation, which ended with the release of a functional solution for the scientific community.
What`s the problem?
About situation:
There are already various platforms for scientists in the world, the main purpose of which is to highlight the results of advanced research, popularize science and help new generations of scientists. The main value of such resources is information, or more precisely, the results of scientific works of specific individuals, which is the property of intellectual property. Of course, every author claims recognition and wants to receive at least some reward for hard work. Therefore, such sites usually practice the mechanism of providing access to information: subscription, acquisition or collaboration.
Therefore, the author of the THELIUM project decided to combine the capabilities of Web 2 and Web 3.0 to solve this eternal question. Since each article is unique, NFT technology is perfectly suited here. The idea is really good, so the BeFund team undertook its comprehensive implementation.
The goals of project:
- Develop a new website to implement all tasks;
- Implement a system of authorization and access to individual sections of the site;
- Integrate the site with specialized resources for scientists, in particular the Jupyter platform;
- Develop an NFT mint mechanism based on data from articles and further access to information;
- Implement other important functionality of the site: blog , forum, rating system, etc.
Solution by BeFund
To implement the project, we chose one of the best programming languages for similar tasks — Python and the framework Django . BeFund developers have created a simple and clear design in accordance with the purpose and purpose of the web site, which takes into account all the wishes of the customer and technical requirements.
An important stage of development, which complicates the project, was the development of the “Molecule” — a dynamic diagram of the article’s connections with other scientific sources (internal links in the article and external links to the article). The chart is updated in real time and created using JavaScript . Reference information is synchronized with NIH’s global scientific database.
And the most interesting thing. At any moment, the author of the article can generate NFT. Of course, the value of the token grows over time and is proportional to many indicators, the main one of which is the number of external links from “Molecule”. For mint, you need to specify the title and choose the appropriate image. The system uses an internal unique article number assigned at the time of its publication. This approach made it possible to reduce the cost of mint , which is paid by the author himself , by almost 10 times . The sale of the token guarantees full access to information to its owner. The smart contract was created in the Solidity language and works on the Ethereum decentralized network .
The implementation of the project has three main achievements:
Links
The development of “Molecule” gave more than just an informative diagram. This is an important source of information that affects the value of the created tokens;
NFT
Each registered author can create non-fungible tokens and set an arbitrary initial price for them. In the future, the value of the tokens may increase, as well as the benefit for the scientist;
Website
A new site has appeared with a combination of Web 2 and Web 3.0 technologies, where, in addition to creating NFT, participants can conduct heated discussions, evaluate the work of colleagues etc.