Loci envisions a future where innovation is democratized. Individual and small teams of inspired inventors should have as equal access to the discovery of new technology and its economic benefits as any large corporation. The current global invention system is risky, chaotic, expensive, and limits the progress and speed of innovation. Loci has experienced the flaws of this system firsthand while obtaining its own granted patent.
Loci's InnVenn platform will revolutionize the patent search and discovery process while drastically cutting down the prohibitive costs for inventors as well as making the jobs of intellectual property researchers, attorneys, and developers far simpler. The trillions of dollars wasted each year on unsuccessful R&D can be reinvested into further innovation. With the application of blockchain to our platform, we can assure that anyone can defend their rights to their intellectual property. It is with this vision that Loci expects the utilitarian value of LOCI Coins to increase over time. The Loci community will speed up the emergence of new technologies and can empower a new generation of inventors.