While the current scientific publishing industry is one of the most lucrative worldwide, the current scholarly publication process has several problems that affect the research community, such as high publication costs, copyrights held by publishers instead of authors, biased publication and peer review processes, lack of rewards and recognition for reviewers, and a proliferation of low-quality journals. Blockchain can eliminate market inefficiencies and improve the quality and effectiveness of scientific publishing. Through the utilisation of smart contracts, decentralised storage solutions, big data analytics, and cloud computing, blockchain technology can be harnessed to greatly accelerate the peer review process and usher in a new era of transparency and efficiency for the sector.
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