While the $25 billion valuation placed on the scientific publishing sector paints a picture of a healthy, vibrant industry, it really only masks the internal issues plaguing the space, such as the protracted peer review process and the high prevalence of paywalls slowing down the transition towards open access research.
However, there could be a renewed groundswell of momentum behind the open access movement, as 11 national funding organizations in Europe today announced that as of 2020, they will require every paper they fund to be freely available from the moment of publication. The 11 funding organizations spend a collective €7.6 billion on research annually.
With this in mind, you may be interested in learning more about Orvium, the new open source decentralised platform that aims to revolutionize the academic publishing sector by putting the power back in the hands of the scientific community while addressing industry inefficiencies – such as the proliferation of low-quality journals.
Created by a team with backgrounds in CERN, NASA, Amazon, and Oracle, Orvium offers a greatly accelerated peer review process, ushering in a new era of transparency and efficiency for the academic publishing space.
Manuel Martin, CEO, and Co-Founder of Orvium comments,
One of the biggest challenges currently confronting the scientific research space concerns the access to the results of studies. When research is held behind a publisher’s paywall, access to knowledge is only possible for those who can afford it. This has significant negative impacts across all fields of research development, resulting in slower scientific, medical, and technological progress in our society.
Perhaps the most frustrating aspect of the current scientific landscape is that taxpayers don’t have access to the research that is funded from their contributions. As most scientific research is paid for with public funds, governments, institutions, and academics welcome the idea of Open Access, in which teachers and their students have access to the latest research findings throughout the world. Open Access is part of a broader ‘open’ movement that encourages the free exchange of knowledge and resources in order to widen access and promote creativity.
Europe is taking a big step forward in this direction under a “life-changing” reform ordered by the European Union’s science chief, Carlos Moedas. The goal is to make all scientific papers from publicly funded projects free to access by 2020, which represents a very progressive move, one that has been broadly welcomed by most of the research and academic community. This will help them to incorporate freely available papers sooner so that anyone can benefit from reading and using past research. Additionally, Open Access allows taxpayers to see the results of their investment. The 11 participants behind this announcement jointly represent more than half of the funding stream that members of Science Europe control. They’ve made a decisive step at a time when European institutions, willing to make more papers Open Access, are in tough negotiations with academic publishers over new license deals. This will undoubtedly power a renewed groundswell of momentum behind the Open Access movement.”
Learn more about Orvium, the new open source decentralised platform that aims to revolutionize the academic publishing sector by putting the power back in the hands of the scientific community while addressing industry inefficiencies.
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