Why disrupt the scientific publication industry?
The scientific literature sector needs a disruptive intervention to eradicate the inefficiencies and other telltale signs of corruption and oligopoly, with the ultimate goal of creating a competitive scientific publication market that will inevitably bring better benefits of science to mankind. For example, peer review – the process through which grants are allocated, papers published, academics promoted and Nobel prizes won – is painfully slow, expensive, inconsistent and even bias. This is outside the fact that the peer reviewers are not fairly rewarded and recognized; some peer reviewers even do reviews on a voluntary basis! Such a crucial process that is meant to ensure a thorough evaluation of a manuscript by experts, such a process that is designed to revise and improve manuscripts for onward publication need not be hamstrung by inefficiencies.
It is also obvious that the scientific publication market is, sadly, not an open market. Research is often funded by the government and research institutes, salaries of those involved in the research are often provided by the government, only for publishers to come from nowhere and acquire the research results for free, hire an editor or two to assess the quality of the writing, improve it as needed and then publish! As if that is not enough, these publishers sell the product back to government-funded libraries and public institutions. What is more, these publishers keep pushing up the subscription fees of scientific journals – it is so bad that universities keep reducing their number of subscriptions yearly! To add salt to injury, Libraries and universities worldwide are normally required to sign non-disclosure agreements (NDA) about the cost of their contracts with the publishers. Like predators and opportunists, traditional publishing companies reap most where they sow little or nothing. If this much criticized, ugly economic model, often called a triple-pay system, is left to continue, the research community and science in general will be damaged beyond repair. This will be bad for our world because scientific knowledge has yielded revolutionary changes in human history.
The situation is equally sickening when authors decide to shoulder the publishing responsibility. They are required to pay sky-high, oppressive publication costs – sometimes up to 5,000 USD per publication! Truth be told: authors and researchers are hopelessly left at the mercy of publishers who capitalize on exploitative copyright rules and end up having a lion share of this multi billion dollars industry.
And yet, we have only scratched the surface of the inefficiencies bedeviling the scientific publication sector. From low-quality journals to lack of transparency, from lack of reward system for researchers to delays from the time of manuscript submission to publication … to say the system is inefficient is an understatement. Hence, this sector is long overdue for a disruption.
Current Publication Cycle
Orvium – a Blockchain-Powered Rescue Mission
Orvium is using revolutionary technologies – Ethereum blockchain and smart contracts, big data analytics, cloud computing, etc – to eliminate the current inefficiencies. Orvium’s model disrupts the current scientific publishing sector thereby making the industry a cheaper, faster, more transparent and more friendly ecosystem. The rise of Orvium is the inevitable fall of the current oligopoly and this will pave the way for authors and research institutions to have absolute control over the copyright and the life cycle of their publications. Orvium is giving back the power to the authors and researchers; it is the first open source and decentralized framework for managing scholarly publications’ life cycles and the associated data. Orvium’s disruptive ecosystem is changing the scientific publication landscape from one that is solely motivated by financial gratification to one that will deliver the dividends of science to the society.
Some of the benefits of Orvium are:
• Custom copyright and licenses: researchers and authors will have absolute control over their work and its potential economic benefits.
• Recognition: researchers and authors will have the privilege of being recognized and honoured.
• Instantaneous proof of existence: manuscripts are available from the moment manuscripts are submitted on the platform.
• Effective collaboration: Orvium will allow any person or institution to collaborate for research programs or even challenge the community to solve problems.
• Transparent peer reviews: peer reviews will be transparent and continuous.
• Flexible journal subscription model: the platform offers journal subscription freedom since no journal subscription model is forced on any libraries or universities.
• Seamless integration between research data and results.
• Seamless integration between research data and results.
There are a lot of benefits of Orvium ecosystem. For more information, please read their whitepaper.
Orvium’s Acceptance and high-powered collaboration – a Cause for Confidence
The scientific community has always longed for a platform like Orvium. It can be categorically said that Orvium was created in collaboration with heavyweight organizations like CERN, Amazon Oracle, United Nations, etc. This is proof enough that the scientific industry has a lot of confidence in Orvium and this naturally boost the confidence of any prospective investor.
ORV, The Orvium Token
The Orvium token (ORV) is ERC-20 compatible and will be the lifeline of the platform. The utility of the ORV token is brilliant. Authors who submit their manuscript can stake some tokens to attract peer reviewers. If the reviews suit the authors, the reviewers will claim the tokens. Institutions and individuals will need the ORV tokens to fully explore the full benefits of the platform. Some other details about the ORV token include:
• Hard cap = 20 million USD (No soft cap).
• Available for Token Sale: 60%
• Price: 1 ORV = 0.01 USD
• Bonus Available? Yes!
• Accepting: ETH, BTC, USD, GBP, etc.
Team Orvium
Ovium has assembled a high-powered team to drive this project to a great success. The fact that most of their team members have CERN experience is stimulating. The fact that the team leader, Manuel Martin, has been at the center of big data and machine learning initiatives for CERN, and collaborated with the likes of NASA-JPL, Fermilab (U.S. Dept. of Energy) and GSI speaks volumes.
There are other big names in the blockchain, scientific and other relevant sectors that are part of the team and this puts the team in perspective to walk the talk.
Conclusion
Research and development is undoubtedly at the core of modern industry. The scientific publishing industry is one of the most lucrative in the world. In 2015, the global market for scientific, technical and medical (STM) publications was valued at 25 billion USD. Unfortunately, the industry is hamstrung and limited by some problems. Orvium is an application which aims to improve the quality of scientific publications. Its goal is to become the number one platform for scientific journals and to make the literature more readily accessible to a broader audience.
Orvium has assembled a superb team, one that is rare to find in any other ICO. The Orvium model Orvium leverages blockchain technologies and decentralized storage to create a fully public, traceable and trustworthy record of the publication process. Our platform embraces big data analytics and artificial intelligence technologies to build a smart digital infrastructure to boost scientific production and validation. From all indication Orvium is going to be the leading publication platform for the research community while returning the benefits of science to society.
For more information, visit
• Website: https://orvium.io/
• Whitepaper: https://orvium.docsend.com/view/nvr6ywj
• Twitter: https://twitter.com/orvium
• Facebook: https://www.facebook.com/orvium.io
• Telegram: https://t.me/orvium.
Written by delightme
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