Orvium: The Blockchain-based Open Source and Decentralized Science Platform

collinberg (6)in #blockchain • 6 years ago

The scientific publishing industry had been rated among the most profitable publishing industries in the world. The top five publishers in the industry are said to account for about 70% of all publications and their profit is almost out of this world. The scientific publishing industry is reputed to have a wide profit margin that exceeds top companies such as Amazon, Google and Apple.

As far back as 2015, there was an estimated $25 billion in the global market for scientific, technical and medical (STM) publications. Despite the abundance of these potentials, there are certain problems in the scientific publishing industry.

PROBLEM

The traditional scientific publication model has problems affecting its research community such as high publication costs and proliferation of low-quality journals. Copyrights are rested in the hands of publishers instead of authors and there are sometimes, issues of biased publication and peer review process.

Scientific publishers on their part compounded the problems by implementing a triple-pay system that posits government funding of researches, volunteer scientists hired by the government or research institutions are mandated to review the work and publishers in turn sell the products back to governmental institutions and universities.

There have been key steps taken to salvage these issues but none was positive as these steps were not sufficient enough to reverse market barriers and inefficiencies.

SOLUTION

The solution is right here and its goes by the name Orvium. Orvium is the first open source and decentralized platform in the world to offer managerial approach to scholarly publications’ life cycles and the associated data.

Orvium is returning power back to the author as they can now select license and own the copyright to their works. It also offers research data and process that empowers scientists share their research through the research data code.

PROSPECTS

Orvium offers a decentralized, fair and transparent competitive market that is free of bias and private interests. Authors now have the total right over their works and no longer shall copyrights be in the hands of publishers.

Orvium features a transparent blockchain that keeps records of all activities such as accepted reviews, user license changes, revisions and submissions of scientific materials for publications.

Orvium’s aim is to eliminate market inefficiencies while improving the effectiveness and quality of the scientific publishing industry. Orvium is set to become a leader in the scientific publication industry and targets the return of scientific benefits to the society.

HOW ORVIUM WILL SOLVE THE PROBLEM

It should be understood that Orvium is here to cause a disruption in the traditional scientific publishing industry. It utilizes unique cutting-edge technologies such as smart contracts, Ethereum blockchain, big data analytics, cloud computing and decentralized storage solutions in its bid to establish a platform that will validate, process and disseminate research data and results.

The Orvium platform has some of these amazing features:

⏩ Seamless integration between research data and results
⏩ Optimal publication and access costs: This ensures prices are not influenced by oligopolistic and monopolistic structure of markets.
⏩ Authors’ ownership of license and copyright: No longer shall publishers have the right of copyrights but these copyrights are returned to the rightful owners- authors.
⏩ Instantaneous proof-of-existence: This ensures that manuscripts get published as soon as they are submitted.
⏩ Transparency in the calculation of quality metrics such as peer review quality and impact factor.
⏩ Orvium operates an open source scheme and therefore, all software developed by Orvium will be open sourced.

This is exactly how Orvium be disrupting the traditional scientific publishing industry:

TECHNOLOGY

Orvium utilizes the blockchain technology for its decentralization tendencies. Other technologies found on Orvium are open source framework, decentralized storage, big data analytics and artificial intelligence.

TOKEN

The Orvium token will be used in the publication model in the following ways:
• Scientific review
• Manuscript submission
• Research data
• Copyright and license.