Monday, October 15, 2018

Leading Auction House Christie's to Record Art Sales on a Blockchain



London-based Christie's, one of the oldest and most noted art auction houses in the world, is turning to blockchain tech to securely store sales and provenance data.
The firm, which has a history going back to 1766, announced in a press release Thursday that it is collaborating with blockchain-powered digital art registry Artory to pilot the encrypted recording of auction transactions.
The pilot program will register Christie's upcoming autumn sale of artworks from the Barney A. Ebsworth Collection, a privately-held collection of 20th century Modernist American art, which is estimated to bring in $300 million in total.
Artory's blockchain platform will store data from each sale, including the item's title, description, final price and date. The startup will also provide a digital certificate of the transaction.
Christie's will then issue each buyer a registration card to access the encrypted information about their purchased artwork.



Read the entire article here>
https://www.coindesk.com/leading-auction-house-christies-to-record-art-sales-on-a-blockchain/

No comments:

Post a Comment

HOW AIRLINES ARE USING BLOCKCHAIN TO UNLOCK FREQUENT FLIER MILES

  ho doesn’t have a small pile of unused   airline loyalty points   in a frequent flyer account? If you fly occasionally for leisure, chanc...