Loci envisions a future where innovation is democratized. Individual and small teams of inspired inventors should have as equal access to the discovery of new technology and its economic benefits as any large corporation. The current global invention system is risky, chaotic, expensive, and limits the progress and speed of innovation. Loci has experienced the flaws of this system firsthand while obtaining its own granted patent.
Loci's InnVenn platform will revolutionize the patent search and discovery process while drastically cutting down the prohibitive costs for inventors as well as making the jobs of intellectual property researchers, attorneys, and developers far simpler. The trillions of dollars wasted each year on unsuccessful R&D can be reinvested into further innovation. With the application of blockchain to our platform, we can assure that anyone can defend their rights to their intellectual property. It is with this vision that Loci expects the utilitarian value of LOCI Coins to increase over time. The Loci community will speed up the emergence of new technologies and can empower a new generation of inventors.
- Platform for intellectual property discovery and mining. - Stake ownership of IP on the Ethereum blockchain and sell it on the IP asset exchange. - Company owns an IP portfolio including its own granted utility patent. - The copmpany combines blockchain technology, machine learning, and predictive analytics to create a crowdsourced R&D platform. - Network effect. Combination of new user-discovered ideas with existing technologies through the use of predictive analytics enables the recognition of all possible deductive inventions that could branch off.
Attention. There is a risk that unverified members are not actually members of the team
With the amount of ICOs to choose from, there are better choices than Loci for investors. There are too many risks to consider this as a potential investment.Risks Cash Grab: From my reading of this project, it appears as though Loci is having a token sale as a way to obtain funding, not because a token is a needed part of their project. This likely means that they have had difficulty in obtaining conventional venture capital funding, and saw an ICO as an easy way to raise money. If the venture capitalists have stayed away – maybe small investors should as well. Lack of Traction: This kind of project only works when everyone is using the platform. If only a few investors sign up to use Loci – the project will fail. In that sense, it is very high risk, as the current system is entrenched and people will be loath to give it up (despite its many flaws).
Loci is a blockchain platform that aims to help inventors find invention opportunities. The company’s existing platform, InnVenn, is a web application consisting of a Venn diagram generator. That platform generates Venn diagrams highlighting the crowded and un-crowded spaces in the world of patents. Inventors can find “whitespace” where they can develop new patents.
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