Blockchain & AI for scientists takes on bottleneck monopolies ⋆ Crypto New Media

"The knowledge industry has become trapped in an expensive factory line cycle in which it is both the producer of the product and the overpaying end customer. University scientists and researchers supply their work for free to publishers of scientific journals who pay editors to judge if the work should be published. Publishers then package up the research into journals and resell them to universities’ librarians at often extortionate fees. The largest publisher of scientific journals, Elsevier, enjoyed profits of over £900 million in recent years, coming close to a 40% profit margin...."