ScientificCoin, a California-based startup, has developed an algorithm to help venture projects to attract prospective investors. The solution is a blockchain based project ranking machine integrated with an algorithm. The platform will create a more informed and transparent crowdfunding platform.

Moreover, the company has claimed that the blockchain based project ranking machine will assist the investors in making informed and knowledgeable decisions. The algorithm will allow a bias-free, decentralized evaluation of projects. Consequently, investors will be able to fund the right venture projects in science and other areas.

Vladimir Kozhevnikov, the CFO of ScientificCoin, has said that the company is leveraging blockchain technology to get rid of human errors. He has also quoted that the solution will increase the transparency of the rating process.