The answer to the question in the title, according to this paper, is 'yes'. "The implementation of a decentralised publication system as described here, even with the limitations of its current design, can serve as the cornerstone for a revolution in the way scientific communication is currently done. New decentralised processes and communities can build on these foundations and expand into areas that are traditionally closely associated with science: higher education platforms, science dissemination initiatives, and others." I happen to agree, but there are many forces working against it.
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