Rather than purchasing individual articles, a more efficient approach could be to implement a payment system based on citations. Under this model, researchers would have access to the entirety of global academic papers; however, a fee would be incurred for each paper cited in their work. This payment mechanism could be effectively facilitated through the use of smart contracts.
A portion of the citation fee would be allocated to the author of the cited paper, while the remaining portion would be distributed to the individual or journal responsible for reviewing the cited work. Such a system could be implemented utilizing blockchain technology, with platforms like Hedera offering the necessary infrastructure. Additionally, collaboration with platforms like ResearchGate could provide the means to accurately identify and track citations.
It is important to note that this citation-based payment system does not necessarily require the involvement of traditional journals. However, journals can still benefit from this system by receiving a portion of the citation fees for the papers they publish and review. The primary beneficiaries of this system are researchers who need to access and cite papers, authors of original papers who receive compensation for their work, and the individuals who conduct thorough reviews of these papers. This approach not only incentivizes the creation and dissemination of high-quality research but also ensures that the contributions of authors and reviewers are appropriately recognized and rewarded.