The tokenization of intellectual property (IP) on the blockchain will enable the platforms to work together to create a vast global marketplace. Secure and transparent transactions can be made possible, whilst entrepreneurs will be able to access the market at a fraction of the current cost.
Lexit (LXT) seeks to offer entrepreneurs unfettered access to the mergers and acquisitions (M&A) market which usually carries with it a substantial cost barrier, whilst Loci (LOCI) is a blockchain-powered platform that aims to facilitate the exchange, analysis, and research of IP with a view to help innovators not only capitalize on their invention, but also to map out where new research opportunities may lie through the use of machine learning.
"The partnership between Loci and Lexit will disrupt the IP market by simplifying the way innovators protect and license their intellectual property. Blockchain technology is the tool that makes this possible and brings power back into the hands of the inventor." states Amir Kaltak, CEO & Co-Founder of LEXIT
Both companies look to develop a global ecosystem on the blockchain wherein users can for the first time ever conduct trades of IP, assets, and parts of or entire companies. The advantages conferred by the distributed ledger technology through blockchain means that it would be transparent, immutable, and far quicker than the current system.
Advisory and legal assistance for M&As comes at a high price and the market to no small degree favours larger companies. SMEs would stand to benefit by being able to liquidise IP and assets on a scale that was not possible before. Such a transparent system lowers the risk of innovation and, along with the reduced cost for entrepreneurs looking to conduct M&A deals, could serve to incentivize R&D on a scale never seen before thus ushering in a new technology boom.
“Loci and Lexit both work within intellectual property, so let’s think of our partnership as if it were land property,” explains John Wise, CEO of Loci. “Loci is like the title and deed or land registry, whereas Lexit is like the realtors and brokerage. We each focus on an aspect of the industry which the other needs.”
Details of the partnership will be forthcoming as the specifics are finalized, but both teams are looking forward to work on empowering entrepreneurs to buy and sell IP or conduct M&As on a global scale in a way not previously possible.
Loci is an easier way for inventors to validate the novelty of an idea, a secure home for inventions on the blockchain, and an exclusive marketplace for the sale of intellectual property (IP). With a blockchain-based solution, Loci plans to become the gold standard IP platform that empowers inventors and promotes the effective matchmaking of ideas, capital, and talent.
LEXIT is the first online marketplace designed to buy and sell companies, intellectual property and assets. Through blockchain technology, token economics, and a centralized platform, LEXIT allows M&A processes to be concluded four times as fast, at about a quarter of the traditional costs. Entrepreneurs are empowered to discover the true value of their assets on a vibrant and highly liquid marketplace, without having to bear overpriced prepayments. And most importantly - an efficient market for IP and patents is established, allowing companies to trade assets as conveniently as one would buy or sell a car or real estate.