Creative Destruction is the essential fact about capitalism.
From the lightbulb to domestic power stations and electric vehicles to quantum computers, science has always shaped human progress. We have only recently seen how “SpaceX” is disrupting the aerospace industry with their recycled rockets, saving $18 million per launch, opening up a universe of possibility for interorbital commercial travel. Yet this trajectory can only be maintained if academics are given the scope to quickly and freely disseminate their work to the benefit of the whole of society.
Blockchain technology offers a unique opportunity to address key issues in the scientific academic publishing system such as lengthy review times and high costs. By offering reputational and economic rewards to peer reviewers, we can ensure that research is peer reviewed and published more efficiently and at a fraction of the cost than is currently possible. This kind of shift in the approach to scientific research publishing will benefit not only the academic community by giving researchers more control over their work, but society at large. As research is published more promptly, future projects can then benefit from that information and knowledge in their own research.
Conclusion:
All kinds of knowledge that are favorable to humanity should not be blocked, but open and widely disseminated.
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