Supporting global research through the blockchain
It’s not every day that we hear of integrating AI, big data analytics, smart contracts or even the Ethereum blockchain into the scientific research field. That is why, when a project is being promoted as the only platform that is open source, decentralised and blockchain based (and aims to improve the management of scholarly publications), it instantly captures our attention. Find out in today’s article all about this recent initiative that aims to bring the scientific revolution into the blockchain:
Discover ORVIUM - one of the boldest project of 2018 - making science more accessible, transparent and impartial than ever!
Understanding the issues of the current scientific publishing industry branch
Without a doubt, the vast majority of us is not aware of the immense value of this industry - however, according to estimates, top five scientific publishers (at a global level), are responsible for approximately 60% of all such publications. Thus, their profits can be easily compared to large international corporations of today.
Only in 2015, this market (that brings together medical, technical and scientific publications) exceeded $25 billion! However, this system is not entirely optimised because its costs are not fairly distributed. How so? First of all the necessary funds needed for various research studies come from governments; second of all, a different group of scientists review the work and are paid by authorities or institutes; last, after all the work is done, the publishers sell the final materials to institutions of the state or public/private universities. This economic model proves to be deficient and may even cause hindrances in the growth of scientific knowledge.
The solution - removing these market inefficiencies and transformation of the scientific publishing process
Orvium aims to address these pressing problems met in the scientific publishing branch and offer a revolutionary platform that can optimize all research publication stages so that all layers of society can enjoy the results of this work.
Let’s have a quick look at some of the leading features that best describe these mechanisms and make Orvium a unique solution:
A decentralised platform
For the first time since the development of this market, Blockchain manages to influence the scientific publishing industry by decentralising and freeing this market (this refers to storage, the framework
A complete traceability
Due to the blockchain integration, all operations regarding research or publication will be recorded and kept on a transparent platform.
Faster processing times
All works that are submitted on Orvium are almost immediately available to the public. Also, all these materials will enjoy the proof of existence, authorship and ownership.
Use of modern technologies
Orvium uses Big Data Analytics and Machine Learning to obtain more efficient research studies.
An improved manner for scientists to work together, at any stage of the manuscript life cycle.
Use of own token
The Orvium (ORV) token will enable all these mechanisms and will make all operation sustainable and viable.
To learn more about the role of this token in the Orvium ecosystem and to understand all of the technical aspects of this project, go to their Website, Telegram, ANN and Bounty Thread.