Li-Fi is a bidirectional, high speed and fully networked wireless communication technology similar to Wi-Fi. Coined by Prof. Harald Haas,[1]Li-Fi is a subset of optical wireless communications (OWC) and can be a complement to RF communication (Wi-Fi or Cellular network), or a replacement in contexts of data broadcasting.See More at- https://en.wikipedia.org/wiki/Li-Fi
The term Li-Fi was coined by pureLiFi’s CSO, Professor Harald Haas, and refers to visible light communications (VLC) technology that delivers a high-speed, bidirectional networked, mobile communications in a similar manner as Wi-Fi. Although Li-Fi can be used to off-load data from existing Wi-Fi networks, implementations may be used to provide capacity for the greater downlink demand such that existing wireless or wired network infrastructure may be used in a complementary fashion.
See More at- http://purelifi.com/what_is_li-fi/