We haven’t been able to use the power of peer-to-peer decentralized interactions and the efficacy of machine / algorithm inferenced possible solutions to autonomously create and sell pre-orders of useful products / inventions on a global scale. Doing so will give power to bright individuals with little or no resources and connections / small but uniquely skilled companies that not many know about / holders of intellectual properties who have not been able to convince traditional venture capital managers to invest in them / skilled but small nations who are exploited by a big brother etc. to effect breakthrough inventions, develop useful intellectual properties, build and sell unique products and solutions on a decentralized global network. InventionFactory.io would let such parties break out from the shackles of a world that, inefficiently and unproductively, powers and controls everything centrally.
The Big Problem of Our Time
There is no global and standard decentralized platform for ideators, inventors and ecosystems around entities via which they can quickly, efficiently and productively build and monetize their ideas / products / inventions. There are several problems around liquid communication, coordination, interaction, referencing, collaboration and development wrt such ideas / products / inventions. There aren’t standard protocols to build The New ! Additionally, none of the existing methods have been able to involve unknown but highly skilled individuals / companies from far flung places to be able to build inventive and useful products. More so, many of the available inventive products turn out to be expensive and are, oftentimes, irrelevant for general masses because of the inefficiencies discussed above. Perhaps, the most important reason for us to move away from the way we have been inventing / building mass-market technology products is the dangerous possibility of creating powerful monopolies. In fact, that has already begun to happen.
Nation State & Inventions
Many developing / small nations have already concluded that bottlenecks around distributed creative thinking to commercialize useful intellectual property / to build and sell useful products hold the answer to their aspirations to solve much of their legacy problems. In order to speed past other countries wrt societal development and economic growth, emerging / small nations would need to strengthen their creation ecosystem – the place to build and sell The New. The problem to build and sell The New is global in nature affecting even developed countries including the United States, United Kingdom, Japan, Australia and others. A weakening globalization theme, an inwardly focused world, and the menace of ongoing hate, violence and terrorism leaves us with no other option but to build and create value on InventionFactory.io, a decentralized, autonomous, digital factory and online marketplace for pre-orders of unique technologies / products.
Usually, the process of building a useful full-stack product / invention takes place in parts - by several individuals and companies, at different times and many-a-times in different geographies via non-standard processes, rules, pricing, timelines etc., sub-optimally affecting its development and commercialization. There are no fungible platforms to bring such parties together to build something unique and useful using standard protocols / governance. In fact, most ideas / products / inventions are unused because of their inadequacies when looked independently, leading to much wastages of time, energy, monies. InventionFactory.io will support new-age inventive ventures and the ecosystem associated with such ventures to network, discuss, build, productize, brand, distribute and monetize. InventionFactory.io plans to provide tools for global community of inventors, scientists, creative individuals, companies / organizations and other related parties to build their personal ‘zones’ in a decentralized manner.
The process of invention / creation would take much less time, energy and infrastructure if a decentralized network aggregates such inventors / companies and associated parties, puts forth useful inventive product ideas by scanning through online consumer preferences / problem areas, open up for pre-orders of such inventive products, awards manufacturing and delivery part of the work to the right bids coming from specific ecosystem partners / players who are on InventionFactory.io, and, via peer and user ratings on the blockchain, ascertain ownership of all parties involved in development and fulfilment of a said product to be able to distribute proceeds of sale in right proportions, and / or automate the filing of patents for such groups. InventionFactory.io’s decentralized network aims to bring all parties together, and play a pivotal and autonomous role in the process of creation to build and sell useful inventive products in a manner that is more efficient than the workflow of the existing world!
This unique ecosystem will be run – online as well as offline - on “M1L” token / currency. InventionFactory.io will allow thousands of vendors around the world to get access to markets that they cannot afford now. It will provide access to early adopters and technology enthusiasts. Millions of customers will receive a unique range of one-of-a-kind products with no extra charges from intermediaries. The InventionFactory smart contracts that are powered by M1L add a layer of utility and value to the network. The creation of a decentralized ad-spaces allows enhanced discovery of products / inventions / content. M1L tokens would be awarded to open source developers building valuable services such as a discovery / search tool, highly rated users on the network, other public contributors.
InventionFactory's decision making will be aided by machine learning, a set of rules, voting rights, governance structure, nash equilibrium, binomial theory, arbitrator, quorum, proof of stake, rating, M1L weightages, etc.
Decentralization will ensure that individual identities as well activities associated with such user-handles are managed via specific protocols. In addition to ensuring anonymity and confidentiality, InventionFactory.io would know each originators / inventors and their activities (and hence rate) by continually reading through smart contracts. This will be useful to finalize share of each party in the proceeds of shipped product with no scope of dispute, and in awarding of M1L tokens to certain users on the platform.
A distributed architecture ensures that no one party / company / vendor becomes a monopoly in building / developing an inventive product that is crucial for the mankind. Ratings of each user / node on InventionFactory.io chain will ensure that serious and high quality players are given more weightage in ownership of the said product, in subsequent works, and in voting to be able to change protocols of platform governance towards betterment. M1L tokens would be used for commercialization / licensing, buy and sell, pre-ordering campaigns of inventions created on InventionFactory.io among transacting parties on Hyperledger.
Each InventionFactory node would monitor M1L smart contracts for state changes corresponding to new content addresses, which are used to retrieve data from InventionFactory network and displayed for the user in the InventionFactory client. M1L token will be used as inputs for InventionFactory smart contracts, partly executed on Ethereum, to embed data pointers for content hosted on InventionFactory network, and partly executed on Hyperledger to maintain a log of online partnerships between parties and the terms and conditions mutually agreed upon.
Ohio, United States
North Carolina, United States
Bristol, United Kingdom
London, San Francisco
San Francisco, India
Europe, Russian Federation
Team / Consultants
Creator, CEO, Chairman
InventionFactory could be the much needed transformational platform for our world. Building new and inventive products have traditionally been the monopoly of the large and wealthy. That paradigm might just get disrupted by InventionFactory !
Building your inventions on InventionFactory is far easier than trying to work it out on your own.
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