Blockchain For Scientists Takes On Elsevier, The Business The Internet Couldn't Kill

It was 1995, the year that Craigslist, eBay and Expedia were born. The age of the internet had arrived, and we at Forbes magazine, all too aware of academics' complaints about cashing out for research, made a prediction: Elsevier, the largest publisher of scientific journals, would be its "first victim." Yet recent years have seen Elsevier profits swell to more than £900 million closing in on a 40% profit margin. It seems to be--as the Financial Times claimed in 2015--"the business the internet could not kill." This hasn't stopped resentment from brewing as journal prices continue to rise above inflation.