Loci – Protecting your Intellectual Property
Blockchain technology is itself a miracle and the good days that it is bringing to us are helping it in revolutionizing even more. It has spread its branches in almost every sector and continues to do so unless the heights that it aims to reach are achieved. The immense adventure has reached ultimate levels and provides epic ideas and theories to run on the emerging platform. One such platform is Loci which provide access to exclusive rights rather copyrights on the blockchain platform.
Introduction
Loci platform, for starters, is a mission that looks forward to changing the vision of the generation. It also looks forward to building up an official document which cannot be altered. The users will have the privilege to put their patents on this platform. The facility comes for the buyers as well. Now, buyers can also purchase properties on this platform with the help of Loci tokens.
The Problems
The technique that is followed here uses the first come first serve basis. This means the users who come first will be given the opportunity to file their patents. However, this is an expensive process. When it comes to favouring one, it looks to put up a lending hand for the large companies only.
The Working of Loci
The functional platform of Loci uses the InnVenn platform. This platform gives an open opportunity to the users look for their queries, interact and work a lot more on innovations and ideas.
InnVenn does it by creating Venn diagrams. This helps in providing a very clear vision to the users. The different sections of the Venn diagram include new inventions, innovative ideas, growing technology, and perfect patents.
The Benefits of Loci
Loci deal with a large database of portfolios. There are a lot of applications that are available for the users to file. Here are the few advantages that Loci offer.
Minimal Cost: It aims to reduce the subscription cost and increase the techniques that are important to know if you are involved in machine learning.
Effects of Networks: The new ideas when combined with the existing technology, it triggers a huge growth.
Makes the first move: Loco is the first working platform that aims at combining three things i.e machine learning, searching context, and source data.
Quality: The context searching brings out the visualized map for the patents, products, and the latest technologies.
Looking straight to the competition
Well, from the facts it is quite evident now that Loci platform has proven to a significant masterstroke on the blockchain technology. In such case, it is obvious that Loci will face some competition right in front of itself.
The different competition for Loci comes from.
- Treparel
- Innography
- Mapegy
- Intellixir
The Successful Team behind Loci
John Wise is leading the Loci team. He owns an engineering experience. Eric Ross, who is the director of the technology owns a degree from Grove City College and currently works for the NRA. Well, keeping everything apart, the team lacks the entrepreneur knowledge. Also, the study background leaves nothing impressive.
The ICO
The Loci aims at selling LOCIcoins in its token sale that has been scheduled for now. The price allocated to one Loci coin id $2.49 USD.
The total coins that will be supplied overall collect to 35 million LOCIcoin tokens. However, the total supply is so far taken as 100 million. A total of 50 million tokens will be under the guidance of the LOCI foundation. The remaining tokens will be equally distributed amongst the members of the team.
The wise use of the tokens
As far as my personal opinion is considered, the use of Loci token will be used for making payments in the InnVenn platform. Well, it is quite easy to make a guess that why Loci tokens are explicitly used instead of fiat currency. Looking at the token structure of Loci, there is hardly anything interesting for one to notice. If my vision is questioned, I would clearly imply the fact that the Loci team is using up the tokens to raise more and more money for their working platform. It aims at just flourishing itself rather than the business enterprises.
The Final Verdict
This is one of the best political investments that one can consider investing in. Out of all the ICO's that help in channelling the flow, it is important to know what are the eventual benefits and where are they coming from. Loci is definitely a platform worth looking forward to. If I am asked to wave, my green flag for Loci flies right high.
Whitepaper: www.locipro.com/wp-content/uploads/2017/12/loci-full-whitepaper.pdf
Website: https://locipro.com/
Written by ollivander7
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1069616
What will this project do for us? We are left behind can you guys do something? Like giveaways or updates or launch something that can attract users to get us. We are listed on kucoin and Idex but still, We are a loser.
Actually, they are doing things great! Have you noticed about their new upcoming nexus project? You can read more about it here. https://loci.io/2018/07/18/loci-announces-formal-establishment-of-loci-nexus/
Doing things great? Are you okay dude? This project is slowly dumping and they're doing nothing. I want to become one of the investors of this project but I see that their team is not working to improve this project.
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I like the Idea of protecting our Intellectual Property, I hope this project can do something great for us, So that we invest to this project.