Orvium – A Science Revolutionary Project Powered by Blockchain

Photo credit

Abdul Kalam once said that “science is a beautiful gift to humanity, and we should not distort it”. Yes, science has a massive impact on the society, and through technology, it will continue change and improve the way we live. Although many of us are not aware of this, scientific publications represent a very relevant industry, and it is worth approximately $25 billion. However, as in any industry, there are a few issues that impede the scientific publishing to make progress and evolve into something more unusual. The problems we are talking about are the high publication costs, the copyright grant (held by publishers, rather than authors), lack of recognition for reviewers, plus the expensive subscription fees on low-quality scientific journals.

Therefore, Orvium brings an open framework that will remove the existing barriers to scientific knowledge by matching the publication model to the research purposes. Furthermore, Orvium will encourage the scientific community to own and control all aspects of dissemination.

What is Orvium?

Orvium is a platform that works to reduce market inefficiencies and to improve the quality of future scientific publications. The project’s mission is to become the leading publication platform in the research community and returning its benefits to the society, at the same time.

One platform, many features

The Orvium solution comes with some robust features. Let’s have a look at some of them:

• Instant proof of existence: scientific work is available from the moment it is submitted.
• Decentralized market: unlocks the full potential of a transparent, decentralised market, free of biases or private interests – monopolistic market structures do not influence the prices
• Public traceability: all the activity is stored on the blockchain (revisions, submissions, peer reviews, copyright etc.)
• Personalized authors licensing models: authors select the license and own the copyright, where the model is always the author's decision
• Big Data Analytics integrated with the blockchain, unlocking valuable insights that improve scientific production
• Decentralized Journals: the efficient framework creates decentralised journals with low maintenance and operational costs of scientific literature
• A social platform: Orvium invites society in the scientific revolution to redefine the nature of journals, to challenge the scientific validity, and promote it in both public and private sectors.

The ORV Token

The Orvium Business Model is built on the Orvium Token (ORV), which is the platform's personalised digital cryptocurrency. ORV tokens will facilitate exchanges between Orvium and authors, readers, journal owners, and institutions on manuscript submissions, peer reviews, payments for the copyright, research data sharing, etc.

The Orvium ICO

Orvium will issue 379 million of ORV tokens of which 60% will be allocated for the token sale. The pre-allocation round will be open from June to July 2018 and the free series from July to August 2018. During the following weeks, the team should announce more details in regards to the Token Generation Event.

To find out more information about Orvium, visit the official website, Telegram, ANN/Bounty Thread or download their paper. You can also join the Orvium community, by subscribing to their website or following them on the social media channels listed below:

• Facebook
• Medium
• Instagram
• Twitter