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In this article we discuss the problem of finding an interpretation ofquantum mechanics which provides an objective account of physical reality. Inthe first place we discuss the problem of interpretation and analyze theimportance of such an objective account in physics. In this context we presentthe problems which arise when interpreting the quantum wave function within theorthodox formulation of quantum mechanics. In connection to this critic, weexpose the concept of 'entity' as an epistemological obstruction.  In the second part of this paper we discuss the relation between actualityand potentiality in classical and quantum physics, and continue to present theconcept of 'ontological potentiality' which is distinguished from the genericAristotelian notion of potentiality in terms of 'becoming actual'. In thispaper our main aim is to provide an objective interpretation of quantummechanics which allows us to discuss the meaning of physical reality accordingto the theory. For this specific propose we present the concept of 'faculty' inplace of the concept of 'entity'. Within our theory of faculties, we continueto discuss and interpret two paradigmatic experiments of quantum mechanics suchas the double-slit and Schrodinger's cat.

Interpreting the Quantum Wave Function in Terms of 'Interacting Faculties'