If you are a scientist, here’s why you should care about the Orvium Project!

beautifulday (59)in #blockchain • 6 years ago

So you made a discovery that you would like to share with the world, right! What’s your next logical step? Make a publication on some centralised site that more often than not offers almost no protection for your author rights. With the help of blockchain technology, however, that’s about to get changed.

Using the distributed ledger technology author of scientific papers can store their findings safely knowing that the ecosystem will point to the original every time!

Orvium: Driving Science further through Blockchain!

Being decentralised, Orvium is a transparent and scalable market that’s free of any private interests or biases, allowing true science advances to flow seamlessly. Once appended on the blockchain, the scientific work is instantly available thanks to the time stamping system and the proof of existence mechanism.

Whenever the author decides to submit, revise or perform any user license changes an append to the blockchain system will record the action. Users of the platform will also have the opportunity to create bespoke license models that suit their scientific needs.

The Orvium platform also encourages scientists to share their complete studies as the ecosystem is virtually tamper-proof and it just adds to the scientific credibility of the research done. For those interested, Orvium will also feature Big Data Analytics with machine learning algorithms; these modules will unlock actionable insights to streamline the scientific pipeline.

By using decentralised journals, scientists can access low maintenance and cost-effective way to handle scientific content with a focus towards a new line of business for authors and editors alike. As an open platform, Orvium encourages the general public to participate and create challenges that further increase the validity of the scientific discoveries.

I want to publish my paper on the platform, now what?

The process is more straightforward than you might think. Once you submit your manuscript, the entire community can review it. Authors can incentivise community members to provide reviews with the help of the ORV tokens.

Once the reports are coming in, authors can choose a licensing model that suits their needs and future readers or journals that want to access the content will have to pay in ORV tokens to read it. Under the same licensing patent, authors can also share their adjacent data to the research paper as more and more parties are interested in the data-driven economy.

The Orvium Token: the fuel of Scientific Discovery

The platform will also feature its cryptocurrency in the form of the ORV token. This token will be used to foster a transparent and comprehensive business environment that supports global scientific research. ORV is designed in such a way that equal every participant to the scientific paper gets their fair share of the reward.

Based on the Ethereum blockchain, Orvium can achieve a sustainable growth model and also keep its users engaged. The total supply of ORV tokens is 379 million with a price of 0.10 USD per ORV. The team is looking to raise 20 million USD as their hard cap.