There are a number of companies that are busy linking together the use of data with the blockchain, so you would think that it would be difficult for a company to come up with something slightly different. Well, that has kind of happened, and it is all thanks to a company called Orvium because they have stated that they are going to focus on the use of science data and connecting it to blockchain technology. Exactly what they are planning on doing, and how well it will do, is only going to be achieved by us checking it out in more detail.

What is Orvium?

https://orvium.io
The main concern of the team behind Orvium is that, in their opinion, science as a whole is far too centralized and that this is having a negative impact on how things are then able to progress. They state that it is their intention to basically disrupt and change different aspects of science and how data is transported or stored and that they will be able to effectively streamline the system all thanks to these developments in technology.

Their focus is going to be on scholarly publications and the various pieces of data that appear in them. This is a rather specific thing to focus on but they believe that it will open up the data to even more people than before, which can only be a good thing for the advancement of science.

However, we really need to look at the more technical side of things to get a better understanding of how this entire project could progress.

The Technical Aspect of Orvium

The company has been rather clever in their approach. By using the blockchain, they are able to operate in a decentralized manner leading to a market that is far more transparent, and also fairer at the same time, than what is currently out there.

Every single transaction that is processed via their platform is going to be stored on the blockchain and public ledger leading to a newly found sense of being open to everything rather than just a core of companies or publications keeping all of the data to themselves or the select few. Getting to these publications will not even cost sky high fees thanks to the blockchain technology with this making it all far more accessible to the general public.

Within their platform there will also be a significant amount of data and they plan on using AI technology to sort this out and review it in an unbiased way. Quite how they hope to achieve that is still a bit unknown at this moment in time.

They also state that journals, and scientific papers, that are released on the platform will be managed via autonomous organizations that will then use smart contracts in order to control them.

The Advantages of Using Orvium

If they are able to achieve everything that they are stating, then there will be a number of clear advantages associated with using the new platform. First, if they can make this data more accessible, and unbiased, then it will make it easier for scientific research to take place. Too often, the journals and data is effectively locked away from the majority of people, and is difficult to access, so any changes to that will prove to be a major advantage.

Reducing the costs to access the information will also prove to be huge as people involved in this industry will already be aware that it can cost a small fortune just to get to the data that they are looking for.

The Financial Aspect and the Orvium ICO

When it comes to paying fees on the platform, then individuals will use the cryptocurrency that has been created for the platform. This is going to help push up the price of the token as more people come across to the platform making it easier to see how investing in the ICO could lead to a profit.

For the ICO, they are open to accepting a number of different currencies. This includes several fiat currencies along with BTC, and ETH. They have also included a hard cap for their ICO and this has been set at $20,000,000. During the ICO, there is also an exchange rate for the tokens with this being set at 1 ORV equating to $0.1 giving an indication of the value of the platform.

In total, they will be releasing 379 million tokens, but only 60% is going to be made available for the ICO. This equates to a total of 227 million tokens.

Overall Conclusion About Orvium and the ICO

What Orvium plans on doing is certainly commendable and if they are able to achieve their aims then they could very well make a difference when it comes to scientific research. It will still be interesting to see how they can organize the data in that unbiased way but perhaps one of the key things is the reduction in fees associated with accessing journals. The fact that you can also earn tokens by uploading data, and publications, will also help to encourage people to get involved which is what this project needs if it is to be a success.

From an investment point of view, this project is certainly different enough to merit an investment since the science industry is always going to be there and develop on a daily basis. If they are indeed able to get enough publications onto their platform then it could become a rather useful tool that will only grow. Also, they are run by people with a strong scientific background, so they are aware of where there are failings in the current system and are desperate to make a difference.

With there being no mention of a minimum investment, and the fact that this is something new with blockchain technology, then making a profit is possible. It is certainly something to consider investing in even if you are not the biggest science buff out there as the main aim of this particular game is knowing if your original investment is going to grow and make you more money in the process.

Website: https://orvium.io
Ann thread: https://bitcointalk.org/index.php?topic=3535259.0
Bounty thread: https://bitcointalk.org/index.php?topic=3565166
Telegram channel: https://t.me/orvium