A PLATFORM FOR INTELLECTUAL PROPERTY MINING AND LICENSING
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Smart contract blockchain
Team:
John Wise - CEO
Brian Hwang - Director of Operations
Eric Ross - Director of Technology
Loci was founded with one goal, to change the way we all invent and the value of an idea as a whole. Loci specializes in simplifying the patent search process and utilizing unique visualizations to further understand the landscape of ideas. InnVenn, a visual searching tool for patents, was designed to simplify the process of identifying patents and more importantly, ideas that have not been patented yet.
Expert Review
In terms of the project's idea, Loci with their blockchain based patent platform looks very interesting. The site's design is quite good and they provide all of the necessary information. The team is relatively big, with many experienced people, so there is a high chance they will successfully deliver the platform. However, for a token's buyer, there is little to no potential profit to be expected. People tend to register patents in rather classic way through legal means or government organizations and such platform may not be their first choice. Therefore, the project itself looks decent and they will deliver a successful platform, but the ICO here is more focused on the sole crowdfunding of the platform and not as something to return significant profit in the future.
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