Orvium: Revolutionizing scientific publication industry

stazhao (61)in #bitcoin • 6 years ago

With advancement in technology we have witnessed innovation in every industry. The same evolution has been observed in scientific publication industry which has adopted new and innovative technologies to boost the profit and other such benefits but the core business structure still needs more reforms.

Instead of broadening itself to help more research activities, it has become increasingly centralized and closed within limited vested interests. This outdated business model is dampening the advancement in scientific research. The biases within the industry have resulted in publication delays which are discouraging the researchers and the research institutions.

According to the latest study the scientific publication industry is among the most profitable industries in the whole world. Contrary to any other similar publishing industry, the scientific publishers have developed a weird payment cycle, a) the research is funded by government b) the review is done by the scientists who are paid by research institutes or the governments c) publishers sell the same material back to the universities and other government departments. The science community is unhappy at this model and considers it a threat to the growth and advancement of scientific knowledge.

In addition to this, the current business model of scientific publication industry is linked with so many other problems including soaring publication costs, absence of transparency, favoritism and bias in publication, lack of rewards for reviewers and at the end production of substandard journals. Several attempts have been made in the past to eliminate these inefficiencies but nothing worked.

Solutions by Orvium

Orvium has created a unique platform that combines the most modern and innovative technologies. This platform is a blockchain based ecosystem and provides decentralized storage facilities along with data analytic and cloud computing possibilities to validate research data and the final outcome.

Orvium platform will eliminate the problems and inefficiencies linked to the traditional scientific publication industry. It comes with a host of benefits for the research community such as copyrights and licenses will be owned by the authors and authors will keep the control over their work. They will be able to transfer the copyrights at their choice and will be the actual beneficiary of all economic benefits.