Please describe your proposed solution.
We wanted to integrate chemical data, information and knowledge at levels from basic science of chemistry to the applied developments in the modern chemical industry (including synthesis pathways and chemical plant process design and management), the pharmaceutical industry (from high throughput drug screening, to AI-assisted drug development and ultimately the drug candidate management throughout the regulatory and marketing processes), and the emerging nanotechnology industry (from exploratory research and design of nanoparts to complex engineering of nanomachines).
These goals cannot be achieved using a monolithic software system such as a simulation package, a 3D viewer or a CAD due to inherent complexity and unpredictability of R&D. Hence, a distributed platform unifying disjointed data is needed.
Since our main goal is to simplify the work of chemists, nanotechnologists, and drug makers, our objectives include creating a single chemical substance model, introducing blockchain-enabled ownership of chemical structures and designing a crowdsourcing bounty-based system for DeR&D.
Please describe how your proposed solution will address the Challenge that you have submitted it in.
This will expand the influence of Cardano, making it a platform for students and professionals in the fields of chemistry and molecular physics. Later, Cardano can be used by the majority of the STEM community as a platform to validate discoveries or inventions, to peer-review and evaluate research by the community. The chemistry library could become a big part of Cardano's infrastructure and attract a huge number of interested users.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
It is difficult to calculate the budget and time, estimates are approximate, since the entire global community has very little experience in integrating VR/3D and Web3 software.
We are going to reduce this risk by contacting specialists who have already carried out similar collaborations (Metaverse and Web3, Games and NFT, etc.), getting their advice on architecture and calculations, and getting acquainted with best practices.