NEW YORK (Reuters) – A group of academics and technology experts will soon launch a blockchain-powered network that will reward quality research with its own cryptocurrency called Mosaic.
Mosaic, the decentralized network, aims to provide research by the first quarter of this year to an industry struggling with misinformation and lack of quality analysis, Garrick Hileman, the project’s co-founder and chief executive officer told Reuters on Tuesday.
“I’ve been involved in the blockchain research community since its genesis and the dearth of quality research available at a time of such explosive industry growth is alarming,” said Hileman, who is also a cryptocurrency researcher at the University of Cambridge in the United Kingdom.
Bitcoin BTC=BTSP, ethereum, ripple and other digital currencies have grown in use and popularity but have drawbacks such as volatility and not being backed by a central bank.
The group is selling its own digital currency privately before launching…