The Blue Brain Project, initiated by Henry Markram in 2005, aims to reverse engineer the human brain by creating computer simulations at the cellular level, enhancing understanding of brain functions and aiding in treatment for brain diseases. The project studies living brain tissue, collecting data on neuron types to build realistic models, with the goal of simulating a full human brain by 2023. However, challenges include high costs, slower-than-real-time transmission speeds, and ethical concerns regarding artificial intelligence and human cloning.