Orvium – rebranding the science through blockchain

unfredo (40)in #cryptocurrency • 6 years ago (edited)

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:

It’s no secret that research scientists are driving our civilisation to the next level. Whether it’s biology, chemistry or computer science, research work is a pivotal element in our evolution as a whole. Individuals and organisations use their expertise to make discoveries based on previous research, to find solutions to pressing problems that affect our daily lives.

To become a research scientist, one must be detail-oriented and acquainted with the various research methods as well as the ability to carry out projects that require a more extended period. Environmental scientists tackle issues like climate change while a Biology scientist might research ailments and diseases that affect us by analysing the different types of bacteria.

Once the research is conclusive, scientists usually publish their findings in specialised journals, but the currently centralised outlets have many shortcomings. Enter blockchain technology, a marvel of the 21st century that promises to disrupt our livelihood once and for all!

Orvium: The decentralised platform for scientific research!
First of its kind actually, Orvium plans to become the first blockchain based and open source platform for peer-reviewed scientific publications and adjacent data. There is a dire need for decentralisation in this industry as the top five specialised publishers get almost 70% of all relevant papers.

Some studies show that their profit margins might even exceed big player companies like Google or Apple. Just back in 2015, the scientific publication market had a whopping estimate of 25 billion USD. It goes without saying that to have your paper published on these platforms, it takes a considerable monetary effort on the scientists’ end to do so, often hindering the natural flow of research.

The Orvium platform aims to cut these market inefficiencies and eliminate the middlemen between important research and the masses. The ecosystem is designed in such a way that it will self-regulate, allowing quality papers to receive the most recognition. By using the Ethereum network that leverages Smart Contracts, Orvium has created its cryptocurrency in the form of ORV tokens.

How can scientists spend ORV on the platform?
The goal of the ORV token is to incentivise legitimate scientific research. Once a paper is published on the platform, authors can buy ORV and distribute it to users for peer-review incentivization. If a document is legitimised this way, a licensing process can be initiated. Authors can register the patent directly on the distributed ledger ensuring the safety of their findings and receiving fair payment from interested parties. A decentralised platform establishes an organic and transparent business model that supports the global quality research endeavours.

To make this project a reality, the team behind it is looking to raise 20 million USD as a hard cap with a maximum supply of 379 million ORV tokens. The standard price per token is 0.10 USD. The currently accepted currency is ETH as the entire platform is based on the Ethereum Blockchain. Be sure to check out more details on this ambitious project at their

All official information about Orvium is available on these links:

WEBSITE: https://orvium.io
TELEGRAM: https://t.me/orvium
WHITEPAPER: https://orvium.docsend.com/view/nvr6ywj
ANN THREAD: https://bitcointalk.org/index.php?topic=3535259.0
BOUNTY THREAD: https://bitcointalk.org/index.php?topic=3565166
FACEBOOK: https://www.facebook.com/orvium.io
REDDIT: https://www.reddit.com/r/Orvium/
MEDIUM: https://medium.com/@orvium
LINKEDIN: https://www.linkedin.com/company/orvium/