Project: a platform for intellectual property (IP) discovery and mining. Their system simplifies the patent search process. InnVenn platform enables inventors to discover and mine the IP on a blockchain, provides a marketplace for trading IP assets. LOCIcoin is a fundamental asset of the Loci ecosystem and can be used for rewards, metrics of the IP, and bids.
Pros: inventors can secure their ideas. You understand where your idea fits in the intellectual property, send a request, and the idea becomes protected by the data. Inventors can also sell their IP directly to the buyers.
Cons: will the government jurisdiction approve the Loci registration of IP? If somebody, for example, stole my idea from Loci, can I go to the court with a legal proof that my idea was registered and was stolen after?