Patent Blockchain revolution!

I'm in love with the ICO right now!!!
I thought i would share it here.

I think that this will revolutionise the IP (intellectual property) industry in a few ways :

The way we find new ideas that haven't been patented yet
The way we protect a new idea and our claim
The way we sell our IP
The foundation of IP as a whole

Here is a quick introduction about them.
I have also included an interview with the CEO that i found on YouTube that i though was very insightful.

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.