LOCI

LOCI

Created using Figma
Created using Figma
Distributed database for patent research, discovery, and licensing.
Risk: High
Dec 7, 2017
Dec 30, 2017
100% completed
$7 376 751
100% goal completed
past
Oct 31, 2017
Nov 30, 2017
100% completed
Raised funds - no Data
Cap 300 000 ETH
past
  • 100 LOCI
    =
    1 ETH
Token Details
Ticker
LOCI
Accepted Currencies
ETH
Company Details
Registered Country
USA
Additional Details
Platform
Ethereum
Categories
Platform, Cryptocurrency, Business services

About LOCI

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.

Features

- 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.

Technical Info

Technical details:  Ethereum erc20 standard token. The source code:  The code of the product is not available. Proof of developer:  Public team.

LOCI Roadmap

  • Phase 1

  • - Venn Diagram Visualization- DIY searches- Naming results set- Suggesting words- Search US & International patent databases
  • Phase 2

  • - Enhance Venn vizualization with 2D clustering- Create web forms for expedited provisonal filing- Develop training sets for machine learning- Apply data mining techniques for additional data sources- Develop clustering function- Build framework for evolution of naming changes- Develop distributed blockchain/ledge integration
  • Phase 3

  • - 3D visualizatin- Improved word suggestions via machine learning- Integrate crowdsourcing and machine learning- Place location ID & timestamp on ledger- Crowdsource patent examination process
  • Phse 4

  • - Build interactive token based marketplace for consortiums and investment pools- Messaging and collaboration network- Leverage machine learning to indentify groupings of ideas for consortiums- Implement predictive analytics for determining valuations of ideas

Activity

Activity:
154
MEDIUM
Posts:
1 060
VERY HIGH
Views:
22 303
VERY HIGH
Activity:
154
MEDIUM
Merit:
100
MEDIUM
Posts:
1 060
VERY HIGH
Views:
22 303
VERY HIGH
Users:
366
HIGH
Members:
80
VERY LOW

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Director of Operations
unverified

2 ICOs

$12 274 474

Director of Technology
unverified
Abdelal Ali
Developer
unverified
Lauren Arevalo
Content Marketing Manager
unverified
Zaimah Khan
Digital Marketing Manager
unverified
Jesse Johnson
Asia Team Lead
unverified
Sean Brizendine
Blockchain specialist
unverified
Jesse Lucas
Marketing & PR
unverified
Kelly Weaver
Marketing & PR
unverified
Jasmeen Saini
QA analyst
unverified
Klajdi Ciraku
Community Managerx
unverified
Aram Barnett
Blockchain developer
unverified
Mitchell Opatowsky
Social media
unverified
$ 0.0219
0.70%
Coin Stats
Daily, %:
0.70%
Weekly, %:
0.02%
Monthly, %:
-31.31%
Market Info
Market Cap:
$ 901.767 K
Volume 24h:
$ 2.561 K
Circ. Supply:
41.153 M LOCI
Ticker:
LOCI
ICO profit
X 0.0002
ICO Price~$102.48
3.32
risky+
5.0 15
ICO Profile Vision Activity Potential Product Team

LOCI Reviews

cryptocoin.news
reviews

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).

Read More
bitcoinexchangeguide.com
reviews

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.

Read More
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