Usually, when we think of virtual currency and research (regardless it is in the medical, technical, and scientific field), we don’t manage to see any connections. In fact, for most of us, science is considered one of the most conservative industries of the moment - how could this domain merge with blockchain technologies and be fueled by cryptocurrency?
However, a recent concept may prove that this way of thinking is not valid anymore - prepare to discover a blockchain-based platform that can revolutionize the way research results and data is processed, evaluated and promoted:
ORVIUM - an innovative solution that aims to merge the technologies of the moment (including Ethereum, smart contracts, decentralized storage, big data analytics, cloud computing) with the scientific publishing market.
In doing so, it guarantees to obtain a series of unique advantages that will change the way research is done, all across the globe:
Decentralizing this industry - by transferring all data and process onto the blockchain; smart contracts will enable all operations to be done without middle-men; everything registered here will be transparent, secure and increasing traceability of documents, studies, research papers, across the platform improving cooperation during every stage of a publication.
Using a new type of token - the currency that will fuel all these processes and will simplify all interactions rewarding all the reviewers involved in the work, at any of the stages, creating decentralized journals of the work (low costs), adding flexible copyright and licences, between authors, improving availability and ensuring a higher degree of access to all projects that are ongoing or ready to be published.
To create a fillable business model that can sustain this mode of operating, Orvium created and promoted its own token - ORV - this innovative cryptocurrency can only be used inside this platform (but will also be available for trading on various exchanges). The role of this token is to assure, and that revenue of holders is increased, all while the platform sustains the global research.
The value of ORV is given by the number and volume of interactions (or exchanges) that will be made between all stakeholders (local or national authorities, various institutions, authors, peer reviewers, readers, etc.). Just like in traditional publishing, the multiple milestones of such a manuscript (or a journal) need partnerships or interactions. To fuel this collaboration, payments will be made with the Orvium token. All transactions will be done securely, without the interference of intermediaries or other companies.
As we mentioned beforehand, the ORV token will permit recognition of all scientific work and will provide rewards, in a transparent and fast manner; journals will turn into more accessible means of research; this boundaryless digital coin will make international transactions much more manageable and will create opportunities for new collaborations and partnerships.
To understand more about the Orvium token and see how the publication model functions, to see some practical case studies or discover all technical aspects that make this platform a truly unique solution to actual issues of this industry, feel free to visit the official: Website, Telegram, ANN & Bounty Thread.