Open Source and Decentralized Framework for managing scholarly publications
What is Orvium?
Orvium is the first decentralized as well as open source platform that manages peer review scholarly publications’ cycles of life and the data associated with it. Orvium works initially with the intention to improve the effectiveness and quality of scientific publication life cycles by eliminating market inefficiencies. Orvium’s foremost objective is to become the leader in publication platform in respect to research community while serving the equal extents of benefits towards science.
The usage of the blockchain technology and a decentralized storage is capable of allowing the public to have a trustworthy, fully traceable, process of publication at a very minimal cost. Orvium being an open source allows its source code to be published freely under a valid open source license that can be operated by the community. Their intention is to basically change the previous streamlined way of aspects of science in the way data management work, how it is stored and transported. They are truly focused in order to work and will streamline the system effectively with the help of technology and love of science.
- The Orvium network offers seamless integration between data researched by the authors and results achieved.
- Authors can any time copyright and transfer the licenses.
- Decentralized journals can be created and maintained under low operational costs.
- It’s a fully social platform where scientific studies are shared for free.
- It enables a fair cost-distribution model to authors, ensuring reward and recognition for all participants.
How Does Orvium Work?
Orvium has come up with a unique solution in order to create a platform to perform and validate the research data and results by integrating a lot of technologies such as Ethereum blockchain, smart contracts, decentralized storage solutions, big data analytics and cloud computing.
Orvium is very stabilized with their method of working. Their business model is comprehensive, transparent, and competitive is aligned with the company’s ORV token to ensure that there is a continued evolution on the platform. The ORV Token and Orvium model introduce a proper distribution of cost setup model valid for every research organizations and authors. This ensures a proper recognition for all participants and makes sure that journals become sustainable and viable.
User Identification and Registration Process
The Orvium system is accessible to any individual after creating an account. Considering the types of users, Researchers are required to make use of “ORCHID” which is a non-proprietary alphanumeric code that identifies uniquely all the contributors, academic authors and scientific. Researchers need to confirm their wallet ownership in order to prevent any impersonation in the blockchain.
Manuscript Submission from Authors
With the creation of public proof-of-existence and authorship, authors make sure that they submit their manuscript which is later stored in the blockchain. Since versioning is supported, therefore Orvium offers full traceability of life cycle. This makes sure that authors can submit new versions of their manuscript at any movement. Authors are allowed to stake a number of ORV tokens at the movement of submission of their manuscript just to challenge and encourage the community for peer reviews. The author now determines the number of ORV tokens that are staked for each review and the number of paid reviews.
In the third most important step of Orvium working, the responsibility to submit the reviews on the network is given to the researchers who were acting as peer reviewers. The content and review proof are all made public so that it can be easily accessed by any members of the community.
Copyright and Licensing
The rights to redistribute, download, print, and translate or any other kind of manipulation with the manuscript remains with the rights of the author.
Pros of Orvium
- Orvium has a huge market potential given its idea is so different and interesting to the huge group.
- Since Orvium comes up as one of its kind, there is a low competition and that’s good initially.
- It is an open source, perfect for today’s technology.
Cons of Orvium
- Projects related to academics are quite complicated.
- Orvium has weak partners as far as business is concerned.
Overall, Orvium can do wonders with its amazing ideas of making use of science and technology with a bit of academics. The company’s beliefs are capable of helping in the advancement of science as the data will be more open to people than ever before and it will be a lot more helping than it just looks like.
The whole lot idea of Orvium dealing with science is pretty good in the blockchain space, being the company’s advisors pretty renowned it has chances to do a lot great.