Orvium ICO — A Platform Made to Serve its Contributors and Consumers
So far we’ve come across several interesting topics along the way of researching the Orvium project: What’s wrong with the scientific publishing industry, which individual problems arise and how Orvium is trying to solve them by realizing their vision. But how does the Orvium platform actually work and which benefits will it provide its contributors and users?
The Basic Functionalities
As most of the blockchain based projects Orvium is not only using the basic technology but implements Smart Contracts to enhance and provide several functionalities across the platform. If you’ve not been around for long in the blockchain space imagine Smart Contracts as little computer application which are executed on the blockchain and follow certain guidelines, i.e. the way they are programmed. All of this while operating in a fully decentralized manner. Those Smart Contracts therefore benefit from all the perks of the blockchain technology.
Orvium uses Smart Contracts to implement all the individual functionalities we’ve addressed in the previous articles plus it enabled Orvium to build a platform opens up whole new possibilities never seen before in this industry: Decentralized access and distribution of published research work, a transparent reviewing process from the very first submission till the final product, very minor publication and access costs caused by the decentralized structure of the platform, instant access to various journals (depending on the individuals interest) as well as an instant proof-of-existence for each individual piece of work while instantly being linked to the rightful author. All these attributes combined will represent the Orvium platform which will be the first of its kind.
Building a Self-Sustaining Social Platform
Beside these high quality attributes, Orvium is including a social flair to its platform. Authors, editors and reviewers will be clearly identified and can build their reputation on the platform as well as in real life through the transparency of the individual processes concluded on the platform. As mentioned before, not only contributors will have access to the platform but also consumers who are interested in the scientific research sector. In order to make a fully self-sustaining platform there is a need for a currency which fuels the platform within and allows transactions, payments and reimbursements to take place. For this reason, Orvium will implement their own ORV token.
The ORV token has various applications and will be used among the whole platform. This token will be up for sale at the public Orvium ICO which takes place from July to August of 2018.
How the ORV token will be utilized, why it’s price can x-fold within a few years (from its ICO price) and how the overall token metrics look like, will be discussed in the fifth and last part of the Orvium ICO review series!
