Orvium (ORV) Open and Transparent Science Powered by Blockchain
The first open source and decentralized platform
for managing peer review scholarly publications’
life cycles and the associated data
The scientific publishing industry is one of the most profitable in the world. The top
five publishers account for 50% to 70% of all publications, and their profit margins
have been reported to exceed those of companies such as Google, Amazon and
Apple. In 2015, the global market for scientific, technical, and medical (STM)
publications was an estimated $25 billion.
In contrast to any other publishing industry, private scientific publishers have pushed
the publication efforts and costs to the research community. Scientific publishers
have created an awkward triple-pay system: (1) governments fund most of the
research, (2) volunteer scientists—usually paid by the government or research
institutes—review the work, and (3) publishers sell the product back to governmental
institutions and universities. Scientists and research institutions regularly criticize this
outrageous economic model, which compromises the dissemination and growth of
scientific knowledge, a process responsible for some of the most revolutionary
changes in human history.
Moreover, the current publication model has several problems affecting the research
community, including high publication costs; copyrights held by publishers rather
than authors; long, opaque and oftentimes biased publication and peer review
process; lack of rewards and recognition for reviewers; and a proliferation of lowquality journals.
In the last few decades, several initiatives have tried to improve this situation.
However, these initiatives have been insufficient to reverse market inefficiencies and
Orvium works to eliminate market inefficiencies and improve the quality and
effectiveness of scientific publishing. The ultimate objective is for Orvium to be the
leading publication platform for the research community while returning the benefits
of science to the society.
Orvium leverages a unique and seamless integration of cutting-edge technologies:
Ethereum blockchain and smart contracts, decentralized storage solutions, big data
analytics, and cloud computing, to create a platform to process, validate, and
disseminate research data and results.
The Orvium platform is characterized by the following:
• Instantaneous proof-of-existence. Manuscripts are available from the moment
they are submitted to Orvium.
• Copyright and licenses are owned and transferable by authors. Authors retain
control of their work and its potential economic benefits.
• Optimal publication and access costs. The prices are not influenced by
monopolistic or oligopolistic market structures.
• Efficient framework to create decentralized journals with low maintenance and
• Seamless integration between research data and results.
• Continuous and transparent peer reviews. The research community is
empowered to publicly determine the validity and soundness of the research.
• Public recognition and economic reward for peer reviewers.
• Journal subscription freedom. No journal subscription model is enforced.
• Accommodates gray literature and its validation.
• Transparent calculation of quality metrics such as impact factor and peer review
• Eliminates current “predatory” practices and conflicts regarding plagiarism, idea
ownership and registration.
• Social platform.
In addition, Orvium is founded on open source principles, therefore all the software
developed by Orvium is, and always will be, open source.
Business Model and Orvium Token (ORV)
Orvium establishes a transparent, comprehensive and competitive business model
to obtain and increase revenue while supporting global research. Orvium’s business
model is built on the Orvium token (ORV), a new digital cryptocurrency created
specifically for the platform.
The different phases of a manuscripts’ and journals’ life cycles, such as manuscript
submission, peer review, payments for copyright licenses, research data sharing,
journal management, etc., will generate exchanges of ORV between institutions,
authors, peer reviewers, journal owners, readers and any social actor involved. This
decentralization will unlock the full potential of a new, fair, transparent and
competitive market controlled by the entire community, free of biased oligopolies
and hidden interests.