While I really like the general use case, I really hope this technology does not result in a popularization of science, in the sense that only really popular research gets proper funding, while newer and fundamental research gets less funding.
I do really like this idea though for the development of open source code and funneling the ICO capital through the dependencies. So proper general cryptography libraries for example get funded by multiple ICO’s.
So for example:
ICO for new Blockchain protocol where 60% of the received funds are used for the development. Then they can spend that by allocating 50% to their own code, and 10% to 5 big dependencies for example. Those dependencies can do the same again.
Is the above use-case worked on already by anyone’s knowledge?