The technology that brought us the first transparent, secure, and decentralized currency through Bitcoin has opened the floodgates for incredibly innovative business solutions through smart contracts on networks such as the Ethereum Network. Through this, a large number of businesses have minted a growing group of people with significant wealth tied to cryptocurrencies.
However, as it stands, the process to translate the wealth accumulated in cryptocurrencies to real-life experiences for cryptocurrency owners to enjoy is unfortunately painfully inconvenient. The activities of purchasing, transferring and exchanging cryptocurrencies to widely accepted “money” are complicated, slow, and unstable.
The real-world usability problems associated with cryptocurrencies have encouraged a number of companies to tackle this challenge. While many of the contenders in this space have approached it with a seemingly logical prepaid plastic card solution, their use cases are limited to just a few cryptocurrencies and acceptances are limited to just a small number of Merchants thus hampering wider adoption.
Science has a major impact on society; it is the force behind some of the most revolutionary changes in human history. Science drastically changes the way we live, communicate and work, it even changes the length and quality of life itself. By making life easier, science has helped man to study and critique ethics, aesthetics, education, and justice; to create cultures, and to improve human conditions. Due to governments funding most of the research, volunteer scientist usually paid by the government or research institutes and publishers who sell the product back to governmental
institutions and universities. Scientists and research institutions regularly criticize this which compromises the dissemination and growth of scientific knowledge because of this the publication model has several problems affecting the research community, Before i proceed on this work, lets take a look at this video to have an insight on what i want to discuss....
ORVIUM
Orvium is the first open source and decentralized framework for managing scholarly publications’ life cycles and the associated data. Orvium introduces a disruptive business model into the research publication market through a unique combination of four core technologies: Blockchain and smart contracts, Decentralized storage, Cloud computing, Big data analytics and machine learning.
MISSION
To be the leading publication platform for the research community while returning the benefits of science to the society.
PROBLEMS
High publication costs
Copyrights held by publishers rather than authors
Long, opaque and oftentimes biased publication and peer review process
Lack of rewards and recognition for reviewers
Proliferation of low quality journals.
SOLUTION
Orvium leverages a unique and seamless integration of cutting-edge technologies: Ethereum blockchain and smart contracts, decentralized storage solutions, big data analytics, and cloud computing, to create a platform to process, validate, and disseminate research data and results. The Orvium platform is characterized by the following:
• Instantaneous proof-of-existence. Manuscripts are available from the moment they are submitted to Orvium.
• Copyright and licenses are owned and transferable by authors. Authors retain control of their work and its potential economic benefits.
• Optimal publication and access costs. The prices are not influenced by monopolistic or oligopolistic market structures.
• Efficient framework to create decentralized journals with low maintenance and operational costs.
• Seamless integration between research data and results.
• Continuous and transparent peer reviews. The research community is empowered to publicly determine the validity and soundness of the research.
• Public recognition and economic reward for peer reviewers.
• Journal subscription freedom. No journal subscription model is enforced.
• Accommodates gray literature and its validation.
• Transparent calculation of quality metrics such as impact factor and peer review quality.
• Eliminates current “predatory” practices and conflicts regarding plagiarism, idea ownership and registration.
• Social platform.
ORVIUM MODEL
Help to enhance science to human heritage
Offer a business model that returns benefits to science
Make science more transparent, universal and open access than ever before
Truly recognize researchers’ work and its impact
Maximize scientific validation and collaboration
Incorporate society in the scientific process and its evolution
ORVIUM PLATFORM
Blockchain
All transactions (e.g., submissions of manuscripts, revisions, publications, peer reviews, oracle actions, patronage results etc.) are stored on the blockchain and are accessible to anyone.
Decentralized Storage
Unlocks a public, globally accessible, fully traceable and trustworthy record of the publication process at a minimal cost
Big Data & Artificial Intelligence
Leverages forefront Big Data technologies and artificial intelligence developments to take scientific validity to a completely new level. Replacing the current obsolete rules with unbiased and transparent data-driven solutions
Open Source Framework
Orvium's source code will be published under an open source license and driven by the community.
TOKEN MECHANICS SUMMARY
Researchers
Acting as an author:
Send ORV for getting peer reviews.
Send ORV in exchange of market data.
Send ORV to acquire research data rights.
Receive ORV from journals/readers (Orvium gets a percentage fee from these transactions).
Receive ORV when solving challenges (patronage campaigns).
Receive ORV for research data access (if not free).
Acting as a reviewer:
Receive ORV when doing peer reviews.
Journal owner
Send ORV to authors for using their papers.
Send ORV to Orvium for the platform usage.
Send ORV in exchange of market data.
Receive ORV from readers (Orvium gets a percentage fee from these transactions)
Any individual or institution
Send ORV for encouraging new validations/reviews of existing papers.
Send ORV for creating and contributing to patronage campaigns.
Send ORV in exchange of market data.
ORVIUM TOKEN
Orvium establishes a transparent, comprehensive and competitive business model to obtain and increase revenue while supporting global research. Orvium’s business model is built on the Orvium token (ORV), a new digital cryptocurrency created specifically for the platform. The different phases of a manuscripts’ and journals’ life cycles such as manuscript submission, peer review, payments for copyright licenses, research data sharing, journal management, etc. will generate exchanges of ORV between institutions, authors, peer reviewers, journal owners, readers and any social actor involved. This decentralization will unlock the full potential of a new, fair, transparent and competitive market controlled by the entire community, free of biased oligopolies and hidden interests.
TOKEN DETAILS
Token name: Orvium
Currencies Accepted: Ethereum (ETH)
Max. Total supply: ~379M ORVs
Price: 1 ORV = $0.10
Hard-Cap: $20,000,000
Vesting: Orvium OÜ: 3 years - 6 months cliff
Team: 3 years - 6 months cliff
TOKEN DISTRIBUTION
ROADMAP
Phase 0 - Nebula
Goals:
Idea conception and development
Assemble team
White paper creation
Incorporate company and legal framework definition
Establish collaboration frameworks for partners
Functional prototype (Web interface, API, smart contracts)
Marketing campaign
Development of Token Generation Event smart contracts
Timeline: 2017 Q1 to 2018 Q1
Phase 1 - Red Giant
Goals:
Token Generation Event:
Public audit of Token Generation Event smart contracts
Launch
End of sale report publication
Independent audit of fund disbursement
Talent finding and recruitment
MVP Release
Timeline : 2018 Q2 to Q3
Phase 2 - Supernova
Goals:
Platform:
Orvium Supernova Release and Deployment in Mainnet
User identification
Paper submission
Peer review
Manuscript management
Blockchain Integration
Bug bounty program
Support for Science and Technology:
Develop research institution collaboration program
Develop grant R&D program
Timeline: 2018 Q4 to 2019 Q1
Phase 3 - White Dwarf
Goal:
Platform:
Orvium White Dwarf Release and deployment in Mainnet
Improved life-cycle traceability
Decentralized Autonomous Journals management
Licenses and Copyrights management
Support for Science and Technology:
Establish agreements with universities and research organizations to incentivize the Orvium publication model
Launch grant R&D program
Timeline : 2019 Q2 to Q3
Phase 4 - Neutron Star
Goal:
Platform:
Orvium Neutron Star Release and Deployment in Mainnet
Patronage
Funding campaigns
Support for Science and Technology:
Patronage of research lines in collaboration with institutions
Timeline : 2019 Q4
Phase 5 - Pulsar
Goal:
Platform:
Orvium Pulsar and Deployment in Mainnet
Integrate big data analytics
Fine tune the operational efficiency
Adiabatic and continuous integration of the R&D results to the Orvium platform
Market capture and expansion of the business model
Support for Science and Technology:
Enhance collaboration programmes and frameworks
Timeline : 2020 Q1
MEET THE ORVIUM TEAM
ADVISOR
BUSINESS STRATEGY ADVISOR
TECH ADVISOR
Website: https://orvium.io/
Whitepaper: https://orvium.docsend.com/view/nvr6ywj
ANN Thread: https://bitcointalk.org/index.php?topic=3535259.0
Twitter: https://twitter.com/orvium
Facebook: https://www.facebook.com/orvium.io
Reddit: https://www.reddit.com/r/Orvium/
Medium: https://medium.com/@orvium
Telegram: https://t.me/orvium
Author: Seunola
MyBitcoinTalk profile: https://bitcointalk.org/index.php?action=profile;u=1925064
ETH Address: 0x3eb48CF7E0A5570540641DD8263cA40e307562e9