The full form of LISP is Locator Identifier Separation Protocol. It’s used on Computing ,Protocols in Worldwide

LISP is a “map-and-encapsulate” protocol which is currently developed by the Internet Engineering Task Force LISP Working Group. The basic idea behind the separation is that the Internet architecture combines two functions, routing locators (where you are attached to the network) and identifiers (who you are) in one number space: the IP address. LISP supports the separation of the IPv4 and IPv6 address space following a network-based map-and-encapsulate scheme (RFC 1955). In LISP, both identifiers and locators can be IP addresses or arbitrary elements like a set of GPS coordinates or a MAC address.