The blockchain is the brainchild of a person or group of persons acknowledged as Satoshi Nakamoto. It is an undeniable inventive creation that has evolved into something larger than what could have been foreseen at the time of its creation.
The purpose of this guide is to expatiate on Loci, a certain company that has harnessed the opportunities Blockchain provides.
Loci is a search engine company that is focused on realizing originality and categorizing Blockchain ideas and inventions from all over the world. It has been proven that the invention process globally is imperfect and this generates a hazardous and perilous innovation backdrop; one that is often considered to involve extravagant research and development expenditure.
How Exactly Does Loci's InnVenn Function?
Loci determines the modern inventing process to be in a state of disrepair, complicated and riddled with unwanted expenses. These problems mentioned do nothing but smother innovation. Numerous inventors are compelled to move straight to the market. Other inventors tend not to see the development of their great idea though. Loci's InnVenn was designed to modify that. The company had the vision to simplify the process and make it so efficient that it spurs on novel inventions.
InnVenn was designed for a broad range of people associated with the invention process, but more so for inventors, patent attorneys, corporate analysts who regularly need to peruse through patents.
Loci claims InnVenn offers greater search experiences. It is based on a variety of patented inventions that cover its application into numerous sectors like, competitive intelligence, law, investment management, patent clearance, curation, legal discovery, decision making, intelligence, big data analysis, product design and many more.
Those patents, on which the system is based on, include a method and system for voting ontology, fuzzy concept mapping, technology prediction and crowdsourcing.
Loci and the Ethereum Blockchain
Loci currently offer InnVenn as a working demo, while its developers work on using the Ethereum blockchain to deploy the platform.
Innvenn's developers see using Ethereum's smart contact as an opportunity to fully secure intellectual property for companies and investors alike. At the moment of writing this, Loci makes use of a user interface that is intuitive and machine learning technology to aid investors in their exploration of technology. September 7 will see Loci migrate to the Ethereum protocol which allows it to use its InnVenn platform to start testing its smart contract technology.
Conclusion
The above sums up what Loci’s InnVenn is, which is a patent search application that enables inventors to innovate easier. The platform is available online both as a free demo and a functional application that contains an ever-present collection of companies and inventors as users.
It has a subscription-based payment plan, priced at $250 per month, which enables patent lawyers, investors and many others linked with the patent industry to get a visual illustration of existing inventions. Its developers aim to migrate to the Ethereum Blockchain so as to improve access to secure patents across its network.
To learn more, pay a visit to https://locipro.com/ and read the Whitepaper.