Peerwith — the peer-to-peer marketplace for scientists — has revealed the launch of a secure, blockchain-based payment token, PeerScienceCoin (PSC).
Blockchain
This platform will enable differentiation between parties paying for a service and parties consuming a service on the Peerwith platform. Oftentimes, academic institutions and funders finance services used by researchers, which can lead to complex and inefficient processes surrounding payments and reimbursements. PSC enables parties to buy tokens upfront, which can then be used by researchers on the platform.
Additionally, these science tokens can be used within the broader researcher services ecosystem, enabling publishers and academic institutions to reward researchers with tokens for use on the Peerwith platform. As such, there is potential to integrate the token into other areas where (micro)payments are used by researchers. The system will also remove any issues surrounding different currencies.
“The launch of PeerScienceCoin marks a significant step forward in our development as a company,” stated Ivo Verbeek, Co-founder and Director of Peerwith. “We expect PSC to become the primary payment tender on the Peerwith marketplace, increasing speed, efficiency and security of business deals, with automatic payments taking place after successful delivery of services. We are excited to see the platform grow and evolve following the introduction of PSC.”
PSC will initially launch on the Peerwith marketplace with further expansion onto other platforms and systems planned for the future.