Deloitte to Use Blockchain to Prove Your Expensive Art Isn’t a Forgery
Posted: Tue May 17, 2016 1:03 pm
The Luxembourg branch of accounting giant Deloitte has presented a blockchain alternative to the paper trail that normally proves the movements of an artwork. The Deloitte ArtTracktive proof of concept provides a distributed ledger for tracking the interactions between all parties involved, from the artist all the way to the buyers.
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“The blockchain distributed ledger can trace the journey of artworks. When this technology is used in the art market, all events in the life cycle of an artwork are recorded and traceable. The application addresses one of ... (read more)