How Blockchain Can Change The Way Science Works, Explained

The platform utilizes Blockchain technology and virtual reality…

Matryx utilizes smart contract systems (via Blockchain) to create bounties and incentivize solutions. Problems are posted, along with a bounty for a verified solution, so that users can collaborate to solve problems, share results, and earn a reward for contributing. All submissions are then added to the library and marketplace for future purchase via MTX tokens. By using a token, Matryx can support ongoing upgrades, and platform features and improvements, as user demands dictate.

Smart contracts also reduce the friction of tracking and compensating contributors. In each round of a bounty competition, as winners are rewarded, an iteration of a given solution is managed by tournament contracts. The provenance of an idea or work can be easily tracked, and can be rewarded fairly and publicly.