SciDex : Unlocking smart contracts for business

I have reviewed quite a few projects in the data trade/exchange sector recently, but there is never too many so I am going to tell you about another data marketplace today. This one is still low-profile and is called SciDex.

About SciDex

SciDex is a decentralized MarketSpace which enables, simplifies and standardizes the exchange of Scientific data. It’s a protocol and a system that subsidizes and incentivizes different contributors to create and share data. SciDex’s goal is to become the go-to place to acquire, sell or request any form of services and contribution around scientific data. This will not only reduce the inefficient redundancies in data creation but will empower collaboration and proposed scientific research to new heights.

SciDex leverages Blockchain technology, Artificial Intelligence, and Natural-language processing to enable scientific data exchange and cross-fertilization.

Using blockchain for being the grand bazaar for Scientific Data is an amazing idea. The breakdown here is the unique marketplace. Millions of datasets indexed and exchangeable through Ricardian Adaptive Smart Contracts.

SciDex harnesses the power of blockchain technology and the cryptocurrency market opportunities to accelerate the progression of Science. The SciDex MarketSpace is a unique chance for all members to generate added value to Science by providing easy access to an unprecedented collection of Scientific data. For the first time, companies are able to exchange and monetize their data in a secure and simple process. SciDex has a direct impact on the state-of-the-art science domains and activities that request consistent and comprehensive Scientific datasets by correlating multiple sources of data in clusters to find trends, knowledge and causalties. The SciDex MarketSpace provides users a global index for Scientific data listings, called SciDex, and powerful AI tools, allowing them to search and build smart datasets based on the listed data.

Community Rewards: Rewards are key to the organic growth of the community. It not only motivates different actors to participate, but also helps legitimize the quality and validity of data contributions. Rewards for contribution and loyalty in form of SciTokens shall be offered to incentivize community members to invest time, energy and passion, enhancing the data quality and content. An automated rewards system is designed based on the notion of Trusted Member (Section 3.2.3). The total release of SciTokens for the rewards system shall be tightly linked to the availability of curators versus the volume of data in need for curation. In case of a lack of curators, the reward system will automatically increase the amount of SciTokens awarded for curation. Vice versa, the amount of SciTokens rewarded decreases when there is a lack of data to be curated.

Features of SciDEX

• Reward System: An automated and manual rewards system in SciTokens for contribution, loyalty, and services on the SciDex Marketspace.
• Community Votes: A community-driven voting system to empower the Trusted members to actively and collectively vote on key decisions for the SciDex Marketspace.
• Ranking System: A community-driven ranking system, which enhances the quality and security of the platform by establishing a proven trust score among all market actors.
• The Trusted Members: A Trusted Member title which is awarded to the most active, engaged and recognized community members, provides social distinction and a number of unique privileges within the MarketSpace.
  

The Team and Advisors

The team has a strong educational background and professional experience at international companies. Co-Founder and Co-CEO Alex Bouaziz is MIT alumnus and also Co-Founder of blockchain collectibles project CryptoFighters. The second Co-Founder and Co-CEO Shuo Wang also graduated from MIT and spent several years there designing robots and exoskeletons. CTO Ofer Simon was a lead developer and game designer for CryptoFighters and worked with other less-known companies. Another MIT graduate and CFO Pierre Bi spend some time at The Boston Consulting Group and Bosch. He is also the CEO of Novobit AG, a Swiss telecom company. VP for Research and Development Philippe Bouaziz is the owner of Prodware, a French software company that has partnership with Microsoft.

Advisors look very impressive and include Harward alumnus Elie Galam who has experience with such major investment companies as BlueMountain and Two Sigma; Jia Tian who worked for Baidu and Alibaba and is currently employed by Blockchain Data Foundation and advises such projects as IOST, DDEX and CNN Blockchain; Franck Cohen who spent almost 10 years with SAP, and Michael Shmilov, the current COO of Viber. Carnegie Mellon's graduate Ben Maurer was one of the developers of reCAPTCHA that was acquired by Google in 2009 and also worked for Facebook.

SciDex Roadmap

2017
Concept generation
Accemble funding team

Q1 2018
Concept validation
SciDex marketplace whitepaper
Strategic partnerships
Platform architecture design and technical demonstration

Q2 2018
Authentication service integrator's initial framework
SML meta language development
SciDex Presale
SciDex protocol whitepaper

Q3 2018
Deploy a distributed, in-memory key-value data structure
Semi-Automatic scheme extractor
SciDex public ICO
Alpha release

Q4 2018
Support profiles and user properties
Beta release
Automatic scheme extractor
Indexing review

The Product

According to the roadmap, the team is currently working on various components of the future ecosystem while the project is in the pre-sale stage. The beta version of SciDex is expected to be released in Q4 2018.

Conclusion

SciDex is another venture in the Big Data sector which is gaining more and more traction among blockchain enthusiasts. SciDex seems to have identified a perfect niche where the disruptive technology can be used and will have high demand. Having some academic background myself, I can say that scientific data is often scattered across various sources and is extremely difficult to consolidate. Therfore, a marketplace for this type of data can become a popular solution both for the academia and small and medium-sized businesses (not to mention large corporations). The team is rather young and ambitious but it seems to have necessary background to be able to deliver what SciDex seeks to achieve. And don't forget how strong the advisors look and what they can bring into the project. Since we don't know the token metrics yet and the results of the pre-sale, it is hard to predict how successful the project might become but it has all necessary pre-conditions for this.

More info about SciDex:

SciDEX Website: https://www.scidex.co
SciDEX Whitepaper: https://www.docdroid.net/PIjN2WB/scidex-whitepaper.pdf
SciDEX Reddit Profile: https://www.reddit.com/r/SciDex/
SciDEX Github Profile: https://github.com/Scidexofficial/
SciDEX Twitter Profile: https://twitter.com/scidexofficial
SciDEX Telegram Chat: https://t.me/SciDexOfficial
SciDEX Telegram News Feed: https://t.me/SciDexNewsFeed
SciDEX Medium Profile: https://medium.com/scidex

Author: qweryjkuyuymyum
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2217709
My ETH: 0x3D17c00506572Bd93869D7818cE71Ae1822c139E