Loci’s vision is to create a new global and transparent invention registry system based on the power of blockchain technology. This cannot currently be deemed an official registry, but Loci’s intent is to work with PTO’s over time to empower them. It is worth noting that this has been the plan for the InnVenn system since its inception and the original patent that was conceptualized in 2008. Specifically, the original patent described a system for immutable tracking of disclosures but used a different database scheme than blockchain, as blockchainas a technology had not yet been publicized. The Loci granted patent details the storage of disclosures in an immutable basis, a key trait of blockchain technology. The patent describes a cryptologic security mechanism for distributed disclosure and concept information for ensuring that corruption is not allowed back into the database.

Loci can enable the user to keep track of their inventive ideas using the platform, while tracking and differentiating the novelty by building searches that would expose a similar concept if it existed and had been published. Loci is making that power accessible to everyone in the world.

 First thing to know about this project is that it is not a new idea. It is an established startup with a working product (InnVenn), a growing user base (currently 500+) and an expansive Intellectual Property (IP: the basis of a patent) portfolio. Here’s the beginning:

  InnVenn was first conceptualised in 2008 by company CEO, John Wise, who was highly frustrated by the process of trying to obtain a patent when he was an engineer. Convinced that the process could be significantly improved he set himself upon doing just that. He and his father theorised a method of doing so in 2008 -a “System and Method for Fuzzy Concept Mapping, Voting Ontology Crowd Sourcing, and Technology Prediction”- and had the patent filed for the process in 2012. In February of 2017 the product (InnVenn) was launched and the idea, born nine years before, became a reality.

HOW LOCI IT WORK

Loci patenting process work as simple as 1–2–3. Everything starts from search. Browse an ocean of patents with this advanced search tool. Discover the value of your idea and identify different pivots that fit you. Next step is to own your patent. Claim immutable proof on Ethereum based blockchain. Now you hold the limited time monopoly for your art. Skip all the risk involved patenting process and monetize your patent straightaway.

Kelompok pengguna sasaran:

* Penemu dan pengusaha akan menghemat banyak biaya yang diakibatkan oleh pengacara selama pencarian awal. Penemu lokal dapat menemukan aplikasi baru untuk gagasan mereka. Menemukan banyak pivot yang dapat diterapkan dari penemuan sebelumnya adalah prospek yang nyata.

* Pengacara properti intelektual adalah pemain utama potensial di lingkungan Loci. Pencarian cepat dan komprehensif menghemat banyak waktu. Perusahaan dapat beroperasi sebagai afiliasi untuk Loci untuk mengenalkan klien mereka ke pencarian Invenn.

* Peneliti Perusahaan akan memanfaatkan uang dengan sebaik-baiknya dibandingkan dengan R & D tradisional. Alih-alih berurusan dengan penelitian duplikat yang tidak efisien yang melibatkan terlalu banyak proses pengadilan, mereka lebih suka berfokus pada strategi pengembangan gagasan baru.

* Investor adalah orang yang paling diuntungkan dari Loci Invenn. Analisis dan penilaian eksklusif Loci dengan sangat membantu investor. Sembilan dari sepuluh bisnis tidak sesuai dengan penelitian konvensional. Tapi Loci Invenn memberi Anda analisis yang paling menguntungkan dan presentasi.

ICO 

Main dates of Loci sale are still to be announced. This is info we have at this moment:

Loci token sale — ICO will start in Q4 od 2017.

Loci is trying to make around 50MM$ of this ICO.

There is a total of 100MM of tokens and they will sale 35MM to the public.

The Loci foundation will hold 50MM and team and their partners will receive 15MM.

Foundation will be restricted from selling their tokens and must use them to buy IP from inventors and to keep network flowing.

Presale price will be at 50% discount.

BEFORE INVESTING YOUR MONEY IN ANY ICO DO YOUR OWN RESEARCH.

Please it you had found this article useful upvote it and comment what you think about this ICO.

If you would like to investigate some other cryptocurrency let me know in the comments.

LOCI TOKEN SALE 

LOCIcoin, the prime utilitarian token will be priced at $2.49 or its equivalent in ETH. The presale is open for everyone and it will kick off in the fourth quarter of 2017. You need to sign up for the token sale in order to be eligible. 35 million tokens out of available 100 million tokens will feature in public sale. You can use LOCIcoin to only spend on product and services in Loci powered ecosystem.

LOCIcoin Token Distribution

The Team

  Having already developed a product and got it onto the marketplace the company already employs over 20 people. Here is a short breakdown of the three lead players on the project.

  CEO, John Wise, is the heart and soul of this project and comes from the world of top level motor racing. He is the Patent Industry Subject Matter Expert (SME) and originally conceptualised the concept of InnVenn back in 2008. He has worked with many patent applications and has seen first hand how difficult the patent process is. Through the years it seems he has become well connected with those in the industry. Point to note here also: John is receiving 2.5million of the created LOCIcoin. This will be restricted to a sale cap of 500,000 a year and he will be obligated by fiduciary responsibility, through smart and legal contract, to stabilise the market on the currency side if the need arises. This will be if a majority of tokens are held up in asset transactions and there is a gridlock in the system. Good to see a committed CEO.

  Director of Technology, Eric Ross, is an accomplished software engineer and consultant who has work successfully with many high profile clients. He has been managing teams of technical people for a while, and his profiles state that “he cannot help but continue to code”.

  Director of Operations, Brian Hwang, has a wide range of experience in the world of business development and operations, from working with big companies like GE Capital and Ernest & Young. He has also owned an operated small businesses and been an advisor for startups.

  The company advisors are informed of government regulatory procedures and changes to said procedures that would affect this company and are connected to the entrepreneurial and startup sector; which will be a big end user of this product.

Further information:

Website: https://locipro.com

Whitepaper: https://locipro.com/whitepaper

Facebook: https://www.facebook.com/Loci.InnVenn/

Twitter: http://www.twitter.com/loci_io

Author (iyanfoursix46): https://bitcointalk.org/index.php?action=profile;u=1061980