LOCI coin (LOCI)
The global invention process is fundamentally flawed. Enormous sums of money are wasted on research and development (R&D) in part due to ineffective global intellectual property laws and outdated research and registration processes. Wasted productivity accounts for a majority of global R&D expenditures, and creates a needlessly chaotic and risky landscape for innovation. Convoluted, inefficient and fraught with expense, the innovation process itself stifles progress. From patent attorneys, to inventors, to corporate analysts, there is a widespread need for the ability to quickly and comprehensively search for intellectual property and to put those results to work to propel innovation to the next level. Loci provides a blockchain technology based solution.