Orvium- Regulating the publishing industry with blockchain technology

The scientific publishing industry is one of the biggest growing industries in the world and it addition, it is a very profitable market. In 2015 there were an estimated 9 million active researchers.

But the entire market is plagued by issues such as high publication costs; copyrights held by publishers rather than authors; long, opaque and oftentimes biased publication and peer review process; lack of rewards and recognition for reviewers; and a proliferation of low- quality journals.
The man aims of establishing Orvium is to remove these barriers and improve the quality and effectiveness of scientific publishing. The ultimate objective is for Orvium to be the leading publication platform for the research community while returning the benefits of science to the society.

The platform
They have implemented unique cutting edge technologies to create a seamless platform to create a decentralized storage solutions, big data analytics, and cloud computing for the process of validating and disseminating research data and results. Some of the characteristics of the platform are its network of continuous and transparent peer reviews. Efficient framework to create decentralized journals with low maintenance and operational costs. Copyright and licenses are owned and transferable by authors, hence there is no scope of security related issues. Despite everything, they follow open source principles, hence all the software developed by Orvium is available to the public.

Some of the features of the platform are its unbiased publication and access costs. This thereby makes the platform supports open infrastructure and makes the creation, management and operations of journals sustainable. Apart from this, they have a continuous and transparent peer reviews which is openly accountable. This is to decrease the tension between competing researchers. Another important feature is its multi-author reviews. That will positively impact the quality of the review and also will reduce the risk of rejection. They also follow a Zero-Delay Publication process where the manuscripts are available to access right from the moment they are submitted to Orvium. This opens up the scope for unlimited number of downloads, peer-reviews, tweets or online comments.

The technology
Papers, reviews, reviewers, citations, authors, etc. are modelled and stored within the blockchain. All the submission, modification and review are stored in the system and hence available at any given point in time. This in turn opens doors to various uses such as automatic publications, an open and transparent review process, citation checks, author validations, analytics and many others. IN addition, they also follow a (DAOs) approach, which is short for Decentralized Autonomous Organizations to create and manage custom journals.

Token ecosystem
The token is denoted by the symbol ORV and it is a utility token that will be used as a method of payment for accessing, downloading, using or reproducing the content. For all the other uses, Orvium will deduct a small percentage as a transaction fee in form of ORV tokens.

The token creation is free and there is no charge involved. The DAJ owners will have to pay a certain amount as license to operate the platform. For more information about the company and ICO, do visit their website.

To know more visit:

Website:https://orvium.io/

Published By:Pooja Jur
Btalk Profile:https://bitcointalk.org/index.php?action=profile;u=1217469