What Is LOCI?
Loci is that the basic platform of blockchain from mining and intellectual property licensing. Intellectual Property (IP) refers to the creation of the mind. like inventions, literature and design, styles and symbols, names and pictures utilized in the trade. property is protected by law like patents, copyrights and trademarks; which permit.
People to earn recognition or money advantages from what produce they invent or create. By placing the proper balance between the interests of investors and therefore the wider public interest,the IP system aims to foster an environment in which creativity and innovation can flourish which Loci have created a good platform for this. A patent is associate degree right granted for associate degree invention. usually speaking, a patent provides the patent owner with the proper to make your mind up however or whether or not the invention is employed by others. In exchanges for this right, the patent owner makes technical info regarding the invention policy offered within the revealed patent documents.
Create a replacement world and clear invention written record system supported the ability of blockchain technology. This cannot presently be deemed an officer written record, however Loci’s intent is to figure with PTO’s over time to empower them. it’s value noting that this has been the arrange for the InnVenn system since its beginning and therefore the original patent that was conceptualized in 2008. Specifically, the initial patent delineated a system for changeless chase of disclosures however used a special info theme than blockchain, as blockchainas a technology had not nevertheless been publicized . The Loci granted patent details the storage of disclosures in associate degree changeless basis, a key attribute of blockchain technology. The patent describes a cryptographical security mechanism for distributed revelation and thought data for making certain that corruption isn’t allowed into the info.
Loci will modify the user to stay track of their creative ideas victimization the platform, whereas trailing and differentiating the novelty by building searches that may expose an identical thought if it existed and had been revealed. Loci is creating that power accessible to everybody within the world.
Target user groups:
- Inventors and entrepreneurs will save a lot of costs caused by attorneys during the early search. Local inventors can find new applications for their idea. Finding tons of applicable pivots from prior inventions is a real prospect.
- Intellectual property attorneys are the potential major players in Loci environment. The quick and comprehensive search saves them a lot of time. The firms can operate as affiliates for Loci to introduce their clients to the Invenn search.
- Corporate Researchers will make best use of money in comparison to traditional R&D. Instead of dealing with inefficient duplicate research involving too much litigation, they can rather focus on development strategy of novel ideas.
- Investors are the ones who will benefit the most from Loci Invenn. Loci’s proprietary analysis and valuation with immensely help investors. Nine out of ten businesses don’t fare well with the conventional research. But Loci Invenn presents you with most beneficial and presentational analysis.
Loci team has plans to start the Crowdsale to collect the funds on October 1st – October 31st, 2017. Those interested in participating in the crowdsale can buy Locicoin (LOCI) with a wallet that supports usage of smart contracts like: Parity, Mist, MyEtherWallet, etc.
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.
Contact & Information
Website : https://locipro.com/
Whitepaper : http://locipro.com/wp-content/uploads/2017/08/loci-full-whitepaper.pdf
Bitcointalk ANN Thread : https://bitcointalk.org/index.php?topic=2171217
Twitter : http://www.twitter.com/loci_io
Facebook : https://www.facebook.com/Loci.InnVenn
LinkedIn : https://www.linkedin.com/company/loci-pro
Reddit : https://reddit.com/r/loci_io
Medium : https://medium.com/@John_Loci
Github : https://github.com/Loci-io
Slack : https://loci-innvenn.herokuapp.com
Telegram : https://t.me/Loci_InnVenn
write by kaneki007
ETH Address 0x61502FeDc97a9d0Ee4a3D6bC0a3b86dd2dd41b75