Knowledge is power. This phrase holds the truest form when it comes to publication of knowledge. One of the most lucrative markets in the world, the publication houses work in a manner that where the cost of publishing is on the publisher’s end. Work submitted by authors is selected carefully, the basis being relevancy, the interest of the readers and the commercial viability. Authors are then compensated for their works. Publication houses pay more to their content submitters if they have a higher quality of work, while another may agree to print an article easily, but with limited reader reach, it will pay out much less.
The Issue In Scientific Publications
The publication economics in the scientific community is completely opposite. Today the scientific journals exploit the need for researchers to have their findings and works printed and these publication houses capitalize on it. This has led to a publication environment that has a number of issues that are dragging the quality of research down:
- One of the most bizarre payment system, where journals accept an article or a research against a fee, which is normally paid by the scientists from their research budget. The reviewing scientists are paid by the journals, who are themselves funded. If the article or research is accepted, the journals print and sell their copies back to the research community.
- The journals ask a very steep price for copies of their editions since they hold a control over the community through their reputation and can as such, charge whatever they feel like.
- Very important researchers and aspiring scientists are ignored as their data and articles may not be deemed feasible from a reputation and economics point of view.
- On the other hand, a high paying researcher can have his or her article printed easily, regardless of the quality of the work itself.
- Publishers hold the rights to the article, and capitalize further on it, earning what should be the right of the researchers.
Countering Issues With Blockchain: Orvium
Blockchain technology is one of the biggest disruptive technology in practice at the moment. It has applications in nearly every walk of like and field. The team behind Orvium have used the decentralized technology to build and deliver a platform that taps in on the efficiencies of blockchain and eliminates the issues in the current scientific journal ecosystem. Through its use, Orvium intends to give the following benefits:
- Immediate availability of articles as soon as they are uploaded.
- Authors and scientists retain copyrights.
- Monopolistic and oligopolistic publications cannot be formed.
- Fellow scientists in the community review the papers.
- Connection and collaboration of scientists at a global level.
ORV, Powering The Blockchain Journal
The ORV token is used in the Orvium platform for the exchange of monetary matters, such as payment for reviews, publications, copyrights etc. The ORV’s ICO is yet to be announced. A total of 379 million ORVs will be available for the public through its ICOs.
Visit https://orvium.io for more information about Orvium.
Join the Telegram community: https://t.me/orvium.
