Crypto Commonwealth: Revolutionalizing The Scientific Publishing Industry.
"The world of Peer review and scientific publishing is just not ready for major change" this are the words of a Noble Laureate, the man who won the 2013 Noble Prize for physiology or medicine.
The scientific publishing industry though a profiting industry has seen tough times,scientific publishing is a remarkably big business. With total global revenues of more than £19bn, it weighs in somewhere between the recording and the film industries in size, but it is far more profitable. It is an industry like no other, with profit margins to rival Google – and it was created by one of Britain’s most notorious tycoons: Robert Maxwell. By Stephen Buranyi
According to critics, the journal system actually holds back scientific progress. In a 2008 essay, Dr Neal Young of the National Institutes of Health (NIH), which funds and conducts medical research for the US government, argued that, given the importance of scientific innovation to society, “there is a moral imperative to reconsider how scientific data are judged and disseminate why is this so?
It takes some time before new journals, both traditional and open access, can acquire an impact factor. Only then are they of interest to researchers also researchers can be spammed by open access publishers of often dubious quality ("predatory journals")
Highly lucrative and overly centralized of the industry, large profit margin: 30%+ which ought not to be, Most journals are privately own which the profit goes mostly to the owners, not academia. The main sources of revenue: subscription and publishing charges, the scholars work for the giants for free, most times the review and editing services go under the name ‘academic service’ and largely unpaid and the Authors usually pay thousands of USD to get reviewed or published, the Universities pay millions of USD in annual subscriptions this are the problems plaguing the scientific publishing industry.
Introducing world’s first crowd-owned and operated, peer-reviewed nonprofit scientific publisher.....Crypto Commonwealth is an innovative ecosystem that disrupts the scientific publishing and asset management industries with tokenomics, featured by Bloomberg and Yahoo! Finance. The digitalcurrency of our global payment grid - COMM is the indisputable right to participate in our publishing, subscription, circulation and investment network it is not just limited to article submission, reviewing, editing and translation. Crypto Commonwealth publication area offers high-quality and original quantitative analysis purchased from the authors upon peer review. We do our best to publish novel articles and strategies of original ideas.
Since the scientific publishing industry is highly centralized. Scholars submit and review articles for major publishers for free and voluntarily. It is a noble act, yet many for-profit publishers accessed large profits without returning appropriate favor to academia.
The Commonwealth Publisher is committed to innovatively improving this traditional field with a decentralized digital ecosystem. It intends to compensate all authors, reviewers, and editors with fair token payment. With a healthy token distribution plan, we will eventually generalize the tokenomics to offer a comprehensive journal covering major natural and social sciences. This is an area where the Blockchain can bring fundamental changes to the publishing industry and the are the one and only peer reviewed journal on Blockchain.
Features of Crypto Commonwealth:
• Subscription and publishing fee payment
• Compensation to authors, reviewers, editors
• Lockable investing right at 1 COMM : 1 USD
• Hot strategy book building fee
• Actively inviting funds to partners
• Assist in data, funding and talent search
• E-print hosting: An e-print posting hub and Quora-like academic social platform. 100% free and non-profit permanently.
• Comprehensive academic journal, “The Commonwealth”
Crypto Commonwealth are a professional team in tokenomics, and disrupt the publishing industry by crowd based journal operation on Blockchain. The optimize the production relations in peer-reviewed scientific publishing .
Stay connected with Crypto Commonwealth using the links:
Website: https://cryptosmartbeta.com/
Youtube: https://youtube.com/channel/UCpsI9ikWg7HKobrj_1Zq38A
Twitter: https://twitter.com/CryptoSmartBeta
Whitepaper: https://cryptosmartbeta.com/wp-content/uploads/docs/whitepaper_en.pdf
Writers Details
Bitcointalk username: Chika08