Earlier quoted context omitted.
>What am I missing about the benefits of the status quo keep it so entrenched? The entrenchment is due to perceived (and cultivated) prestige, less so about tangible benefits. Prestigious journals have good brand value, they spend money cultivating it and they extract earnings from it. Researchers and administrators trade on journal brand value for career advancements. They benefit from a highly prestige-stratified j…
This is good for blockchain... In all seriousness, I have always thought that Blockchain could pose a good solution for the issue of peer-reviewing scientific papers. It provides a descentralized infrastructure with "tokens" that can be transferred to provide "prestige" to papers and authors.
which is all to say, like so many of the things people want to use a block chain for, the hard part is the politics and the real-world nuance, not the immutable ledger. the immutable ledger is not trivial. but compared to the other stuff, it's not all that hard (and is certainly more solved, at this point).