Investor Reviews ICO — Orvium an Open and Transparent Science Powered By Blockchain

Orvium is the first open source and decentralized Platform for managing peer review scholarly publications’ life cycles and the associated data.

Current Market VS Orvium

Orvium is intended to eliminate existing market inefficiencies and to improve the quality and effectiveness of the scientific publication life cycle. The ultimate objective is for Orvium to be the leading publication platform for the research community while returning the benefits of science to society. Using blockchain technology and a decentralized storage approach will allow a public, fully traceable and trustworthy record of the publication process at a minimal cost. Furthermore, Orvium’s source code will be published under an open source license and driven by the community.

In 2015, there were an estimated 9 million active researchers. They published between 1.8 and 2 million articles per year, which produced more than 2.5 billion downloads from STM (Scientific, Technical and Medical) publishers’ websites. These numbers grow by 3 to 3.5% yearly and do not consider open access models which represent an important percentage. To give context on those numbers, 3 billion downloads is the total number of apps downloaded from iTunes Apple store during its first 3 years of existence. The current scientific publication industry is one of the most lucrative worldwide. In 2015, just the global STM publishing market was estimated to be $25 billion, and that just represents a portion of the market — libraries and universities worldwide are normally required to sign non-disclosure agreements (NDA) about the cost of their contracts with the publishers.

Competitive Analysis

Solutions — How does it work?

Orvium establishes a transparent, comprehensive and competitive business model which aligned with its ORV token to ensure a continued evolution of the platform while supporting global research. Orvium’s model and the ORV token introduce a fair cost distribution model to authors and research organizations, ensuring recognition for all participants, enabling journals to become viable and sustainable at a low cost.

User Registration and Identification

Any individual can create an account to access the system. Researchers will use ORCID (a non-proprietary alphanumeric code to uniquely identify scientific and other academic authors and contributors) as an authentication method. In order to prevent identity impersonation in the blockchain, researches should confirm their wallet ownership.

Manuscript Submission

Authors submit their manuscripts to Orvium, creating a public proof-of-existence and authorship which is stored in the blockchain. Orvium offers full traceability of the life-cycle therefore versioning is supported. At any moment, authors can submit new versions of the manuscript. At the moment of manuscript submission authors can stake a number of ORV tokens to encourage and challenge the community for peer reviews. The number of paid reviews and the number of ORV tokens staked for each review will be determined by the author. Depending on the current market price for reviews and other factors such as the expected quality of the reviews or time required, authors will decide on the quantity of ORV tokens to stake per review.

Peer Review

Researchers acting as peer reviewers will submit their reviews to Orvium. The review proof and content will be attached to the history of the manuscript and will be public and accessible to the whole community. In addition, any other user (scientists, institutions or anonymous actors) can stake ORV tokens to reward additional reviews for a given manuscript.

Copyright and Licensing

User licensing is completely determined by the authors or owner. They determine the rights to print, redistribute, download, translate or re-use, and they can alter these rights at any time.

Team & Advisors

Senior Project Leader and Blockchain Expert — Manuel’s career has focused on supporting large collaborations through technology innovation. He has led critical data management, big data and machine learning initiatives for the largest and most complex scientific instrument ever built (CERN LHC). Beside that, he has collaborated with NASA-JPL, Fermilab (U.S. Dept. of Energy) and GSI among others, has participated as a guest lecturer for the Executive program at ESADE business school and, has advised large companies such as Oracle, BMW, Caixa, Gassco, Eni, UPS.

Technology Solution Architect — Antonio has led several big data and machine learning efforts for the R&D partnership between CERN and leading ICT companies. His work accelerating cutting-edge predictive maintenance and machine learning solutions has motivated ground-breaking operation optimizations for the CERN accelerator complex. He has collaborated with other institutions such as Fermilab, GSI and EMBL-EBI.

Application and Cloud Technology Expert — More than ten years of experience working in the private sector for companies like Deutsche Telekom, Just Eat or Asos Ltd. Leading, designing and developing high-availability software solutions. Decentralized technologies advocate. Roberto enjoys being part of, as well as leading, successful and productive teams. Decentralized technologies advocate and passionate about developing innovative and creative solutions to problems. He built his own software house in 2016.

Scientific Advisor — Alberto is Head of the CERN openlab partnership programme. He is also senior project manager at CERN with more than 20 years of experience in leading technology projects and activities in the field of computer science and software engineering within large scale collaboration frameworks. He has a degree in Aerospace Engineering and a Ph.D. in Electronic and Electrical Engineering.

Scientific Advisor — Visionary and practitioner in applied collaboration, leads a collaborative, practical and hands-on approach with JPL and industry to investigate emerging IT technology trends relevant to NASA and large enterprises. Tom has led large scale and remote teams in both startups and large companies. Some examples include Telos, enterWorks, Digital Island, Exodus, Cable & Wireless, and Raytheon.

Scientific Advisor — Expert in software design and construction of large-scale data-intensive systems. He co-invented Apache Tika, one of the most widely used frameworks for content detection and analysis. His work has also been utilized for a number of NASA space missions. He is member of the Board of Directors of the Apache Foundation and adjunct Associate Professor in University of Southern California’s Viterbi School of Engineering.

Partners

Token Economics

Hard cap: $20M

Total Tokens: 379M

Total tokens for sale: 227.4M (60% total supply)

Token price: $0.10

Conclusion

Pros:

• If implemented correctly, Orvium has a huge market potential
• No competitors — first of its kind project
• Open source
• Huge team and advisors with extensive quality professional background

Cons:

• Weak partners
• Academics tend to be very slow, therefore, implementing such project can take some time

Rating: 82.61%

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