You might be surprised to hear this, but scientific research publishing industry is one of the most profitable industries on the world. Its profit margins are insanely high, and it’s thought that profit margins in this industry exceed ones form companies like Apple. In 2015 scientific research publishing was a 25 billion USD business.
On other hand scientists and public often speak against the whole publishing system because of its awkward pay system. First, government usually funds most of the research, then the research is being reviewed by volunteer scientists and after it’s reviewed it’s being sold, usually back to government.
Luckily, by using new technology of blockchain, team behind ORVIUM project has come up with a better solution that is more fair, transparent and will benefit scientific research.
By using etherum blockchain, smart contracts, cloud computing and some other new technologies, ORVIUM will create a platform to process and validate scientific research and results.
By using this kind of platform it will have some significant advantages over traditional publishers. For example, scientific work will be available instantly, from the moment it is submitted. It will be time stamped and it cannot be tampered with. Also, a public trace of all activity will be kept in blockchain; this will make system very secure and reliable. Authors will also be able to choose license and copyright model, the decision is at their own choosing.
Its business model is built around ORVIUM TOKEN (OVR). It will enable a fair cost distribution ensuring reward for all participants. It will also drastically reduce costs of journals. The system will work like this: Authors will offer OVR tokens for community to offer peer-review. The number offered will be determined by author. For their work, reviewer will receive tokens which can then be used to access publications that were chosen as paid by their authors. You will also be able to buy valuable research data with tokens. This will make a self-sustainable network that will benefit everyone involved.
ORVIUM TOKENS (ORV)
The ORVIUM token is an ERC-20 standard-based Ethereum token.
Tokens will be offered through the Initial Coin Offering (ICO), starting in June 2018 and ending August 2018. The offering will be open to the global public (crowd sale). Token Price at issue is going to be 1 ORV = 0,10 USD.
Distribution of RVIUM tokens is going to be :
• 60% Token Generation Event
• 20% Orvium OU
• 10 Team
• 10% Advisors
All about the Initial coin offering and other information regarding purchasing of the ORVIUM token, you will find on ORVIUM official web page: https://orvium.io/
ORVIUM BOUNTY CAMPAIGN
ORVIUM has started a bounty campaign in May 2018. The bounty is going to last til the end of token sale. Bounty campaign consists of: Signature Campaign, Social Media Campaign, Content creation, Translation Campaign and many more. Terms and conditions and other essential information about the campaign, you can find on the ORVIUM bounty campaign web page: https://bitcointalk.org/index.php?topic=3565166
Your participation in this bounty campaign is going to help to attract other potential investors through marketing and promotional activities.
TEAM
Team behind the project is consisted of highly educated professionals, each an expert in their field of work.
Lastly, for all necessary information about ORVIUM or any new updates and news, you should visit their:
• Official Web Page https://orvium.io/
• ANN Thread https://bitcointalk.org/index.php?topic=3535259.0
• White Paper https://orvium.docsend.com/view/nvr6ywj
• Facebook https://www.facebook.com/orvium.io
• Twitter https://twitter.com/orvium
• Telegram https://t.me/orvium
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