Orvium is an open source, decentralized platform that is designed to manage scientific research papers from their initial submission, right through the reviewing process and even will provide quality metrics on each paper. The scientific publication market is both highly profitable and heavily centralized around a few major publishers. Just as bitcoin disrupted the established financial community, Orvium aims to revolutionize the peer-reviewed research industry. By implementing decentralized storage, Big Data analytics and their own ERC20 token on the Ethereum network, Orvium will eliminate the inherent bias in publishing, provide transparent peer reviewing and fair rewards for peer reviewers.
The Orvium Ecosystem
Decentralized storage solutions and cloud computing will be used to provide an affordable platform to publish journals. Decentralized journals will be built on the same principles as Decentralized Autonomous Organizations using the blockchain and smart contracts. Entry costs for new journals are prohibitive and has resulted in monopolies or oligarchies in many areas. No particular subscription method is enforced, making the publisher free to use any method that works for them. Payments within the Orvium ecosystem, whether it is for copyright licenses, journal management or rewarding peer reviewers, will be implemented with exchanges of Orvium’s own token, ORV. Using the Ethereum blockchain will ensure transparency at all stages of the publications life cycle, eliminating the bias associated with the current publishing monopolies. It also provides the opportunity to reward the vast numbers of volunteer peer reviewers for their work. Machine learning and Big Data will be used to analyze and report the quality and impact of each publication, providing a useful and fair feedback system to researchers.
The Orvium Founders and Team
The three founders bring a wealth of knowledge from not only blockchain and decentralized projects but also a number of large-scale scientific collaborations. Manuel Martin, the Senior Project Leader and Antonio Romero, Technology Solution Architect, both have considerable experience at CERN and in machine learning and Big Data analytics. Their expertise in advanced scientific initiatives at both CERN and leading ICT companies provides the perfect background to successfully launch a project such as Orvium. The third member of the team is Roberto Robasco, the Application and Cloud Technology Expert. After working at a number of leading technology firms he set up his own software company and is passionate about decentralized projects.
Orvium was developed as an open source and decentralized alternative to the monopolies that dominate today’s scientific publishing industry. This has led to predatory journals, high publishing costs, bias and the triple-pay system, whereby publishers push their costs onto universities, governments and researchers. With the development of blockchain technology and its inherent transparency, an opportunity arose to challenge the status quo.
Why Invest in Orvium?
As with any ICO, investing in ORV will have its risks. For Orvium, it’s primarily that it is an untested and unproven technology that isn’t live yet. It has just moved into Phase 1 out of 5 in its development and won’t be fully mature until 2020.
However, the Orvium ICO represents a fantastic opportunity to invest in the early stages of a project with enormous potential. Much of that potential resides in how Orvium will redistribute the rewards away from the publisher in an equal fashion to the peer reviewers and other actors. As all actions on the Orvium platform will involve the exchange of ORV, as the platform grows it will see considerable demand for the token.
Visit https://orvium.io for more information about Orvium.
Join the Telegram community: https://t.me/orvium.