The publishing business is one of the most lucrative business in the world. The top five publishing companies account for at least 50% of all publications, and there are unconfirmed reports that they make more profits than established companies like Google, Amazon, and Apple. The market today is saturated with several private scientific publishers seeking a sharp diversion into the research community. The true state of things is that they face a plethora of problems such as; high cost of publication, lack of recognition for reviewers, production, and circulation of low-quality journals and a host of others.
We have several initiatives trying to eliminate these overbearing problems. Top of the list is Orvium; Orvium is a new blockchain-based startup that seeks to change the status quo by terminating the processes that cause market inefficiencies. They also target improvements in the overall effectiveness as well as quality of scientific publishing. Their main goal is to become the leading publishing platform that returns benefits of science and innovation to the society and the research community in general.
Orvium leverages a seamless and unique integration of advanced technologies; big data analytics, cloud computing, smart contracts as well as Ethereum blockchain, and decentralized storage solutions, to create a systematic platform to validate, process, and disseminate research results and data. Asides these, they also ensure that licenses and copyrights are owned and handled by the original authors. The apps to be used by Orvium are all going to be open-source-based and it is even more exciting to note that free journal subscriptions will be featured on the Orvium ecosystem.
This will be a huge benefit for the research community as well as the general society. People can learn from science and also participate actively in it. In short, it brings science and innovation to the society. It also allows the entire research community to have access to the research process, result, and study. Instead of waiting for the government to fund the research, Orvium developed a model to eliminate the drain of resources and to ensure that research institutions and authors retain full ownership of licenses and copyrights.
Orvium establishes a comprehensive, transparent and competitive business model that is in tandem with its custom ORV token for a continued functioning of the platform and to also support global research. The Orvium ORV token introduces a good bargain for the authors and research institutions, ensuring that all stakeholders are compensated and recognized, enabling journals to become feasible and sustainable at a fair cost, and more importantly, assist in the incorporation of the society as a whole. At different stages, the ORV token is effectively implemented to ensure a seamless transaction.
This remarkable platform was founded by Manuel Martin whom is the Senior Project Leader and Blockchain Expert. Antonio Romero heads the Technology Solution unit while Roberto Rabasco is in charge of Orviums Application and Cloud Technology. The team also comprises Scientific Advisors, Business Strategy and the Technical Unit. This professional team came up with this amazing project to ensure transparency and effectiveness in the publishing industry.
In conclusion, it is a win-win situation for everyone. The readers, authors, publishing companies, research institutions, and even the government will benefit from this and it will eliminate fears and other problems associated with the publishing industry. To know more about the project, kindly visit; website, whitepaper, telegram, twitter, facebook, bitcointalk ANN, bitcointalk Bounty
Author - Coltpython
