What is LOCI:
Loci is the basic platform of blockchain from mining and intellectual property licensing. Intellectual Property (IP) refers to the creation of the mind. Such as inventions, literature and artwork, designs and symbols, names and images used in the trade. Intellectual property is protected by law such as patents, copyrights and trademarks; which allow.
People to earn recognition or financial benefits from what they invent or create. By striking the right balance between the interests of investors and 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 an exclusive right granted for an invention. Generally speaking, a patent provides the patent owner with the right to decide how or whether the invention can be used by others. In exchanges for this right, the patent owner makes technical information about the invention policy available in the published patent documents.
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.
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.
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.
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