Zeeya Merali in Nature News:
“Imagine waking up one day and realizing that you actually live inside a computer game,” says Mark Van Raamsdonk, describing what sounds like a pitch for a science-fiction film. But for Van Raamsdonk, a physicist at the University of British Columbia in Vancouver, Canada, this scenario is a way to think about reality. If it is true, he says, “everything around us — the whole three-dimensional physical world — is an illusion born from information encoded elsewhere, on a two-dimensional chip”. That would make our Universe, with its three spatial dimensions, a kind of hologram, projected from a substrate that exists only in lower dimensions.
This 'holographic principle' is strange even by the usual standards of theoretical physics. But Van Raamsdonk is one of a small band of researchers who think that the usual ideas are not yet strange enough. If nothing else, they say, neither of the two great pillars of modern physics — general relativity, which describes gravity as a curvature of space and time, and quantum mechanics, which governs the atomic realm — gives any account for the existence of space and time. Neither does string theory, which describes elementary threads of energy.
Van Raamsdonk and his colleagues are convinced that physics will not be complete until it can explain how space and time emerge from something more fundamental — a project that will require concepts at least as audacious as holography. They argue that such a radical reconceptualization of reality is the only way to explain what happens when the infinitely dense 'singularity' at the core of a black hole distorts the fabric of space-time beyond all recognition, or how researchers can unify atomic-level quantum theory and planet-level general relativity — a project that has resisted theorists' efforts for generations.