A podcast report by Coin Survey, 07 September 2018.
DACS, Britain’s leading artists’ rights management organization, unveiled “The Art Market 2.0 : Blockchain and Financialisation in Visual Arts” to the House of Commons.
This introduction will hope to provide the UK art market higher liquidity and value.
This visionary report was conducted by academics at the Oxford Internet Institute and The Alan Turing Institute ,“envisions a future Fair Art Market model and financialization of visual arts powered by the technology of blockchain”.
Blockchain technologies least-discussed, yet potentially art world use case will open inlets to larger potentials making art a better investment.
Transparent, accountable and fair art trading system would allow for verified transaction records and ownership and confirm art pieces provenance and authenticity.