San Diego Business Journal

— Nanome Inc., a UC San Diego-based business whose core business is virtual reality software, rolled out a new product called Matryx at the end of August. Matryx is an open-source platform with a bounty system that encourages people to collaborate on STEM projects (that is, projects that involve science, technology, engineering and mathematics).

It works like this: Someone will post a problem, along with a bounty for a verified solution. Users can collaborate to solve the problem, share results and earn a reward for contributing.

Think about people joining together online to design architectural plans for a museum. Or to solve a really hard calculus problem. Those are two examples of possible collaborations.

“Our goal is to make Matryx the de facto standard for decentralized collaboration, proving that a global community of collaborators will yield innovation faster than work attempted in siloed teams,” said a Steve McCloskey, Nanome’s CEO, in a prepared statement.

Bounties will be based on blockchain technology — the stuff at the heart of Bitcoin and other cryptocurrency. McCloskey and his coworkers are very interested in that.

And that brings to mind something else that popped up in my email recently, about cryptocurrency in general. U.K.-based Juniper Research predicted that the value of cryptocurrency transactions will exceed $1 trillion in 2017, and be more than 15 times that of 2016.