The education system is completely broken, and it’s preventing the world from moving forward faster with innovation and science. This is nothing new.
In 1928, London-based professor Alexander Fleming discovered penicillin. However, due to how information was recorded and received, including scientific studies, the first use of penicillin as a medicine occured 14 years later in 1942. The drug is believed to have saved well over 200 million lives. But how many more lives could have been saved if this information would have been immediately accessible to other researchers and scientists?
While a delay in the access to scientific research and related information isn’t new, disruption in this space using the blockchain could change the world as we know it forever. This is where Orvium enters into the picture.
What is Orvium?
Orvium aims to disrupt the world with science using the blockchain. Explained on their website, “Orvium is the first open-source and decentralized framework for managing scholarly publications’ life cycles and the associated data.” The decentralized framework allows scientific research to surface regardless of biases or private interests.
Once a scientific publication is submitted using the Orvium platform, it’s immediately available, time-stamped, and can be traced back to the source, giving the author(s) proof of ownership.
All of the activity associated with that publication will be recorded and managed in the blockchain, from licensing and copyrighting to revisions and peer reviews.
The Token
The ORV token helps establish a transparent business model to support research around the world. Authors are rewarded and recognized for their contributions using the token, and publications are made available at a low cost using smart contracts.
Current State of the Project
ICOmarks gives the Orvium ICO a 7.7 rating with an 8 for social activity due to the community they’re building around the project.
The ICO is currently active with a hard cap of $20M. Tokens are priced at $.10 USD with 379,000,000 tokens maximum. If interested in joining the whitelist, you must register through Bitcoin Suisse.
More Information on Orvium
Note: This is an overview of an active ICO and not investment advice. Please do your own research.