Normally, when we talk about blockchain, most of the people start talking about its link with crypto currency, however, it is important to understand that blockchain is a system that can give us some really amazing possibilities for artists, as well as the art world.
There are several ways how blockchain can make the art better, there are some really interesting applications to. I know blockchain is associated with crypto currency, but recently, it has been proven that it is way more than that, and after exploring almost all the options there are, I can testify that blockchain really is an important piece of technology in the world of art.
Let’s look at them below.
I am sure you have seen NFC chips in your debit card, and credit cards. These chips can actually be attached to the art at any given location, and in the cheap, there can be information about the art being authentic, on the other the hand, the information would be stored on the blockchain, so when the chip is scanned, it will automatically confirm its authenticity thanks to its link with the blockchain.
The Place of Origin
Forgery is already bad as it is, however, there are people who are posting someone else’s art on the internet claiming that it is there. However, the good thing is that once you register an art piece on the blockchain, it would be nearly impossible for anyone to forge that, and people will be able to buy authentic art with ease.
Suppose you are an artist, and you have to ship your work to another city or a country; how do you know that it is going to arrive in one piece, or it won’t be swapped out with a fake? Thankfully, if you register the art with blockchain, you will have the proper information. In addition to that, whenever art is being monitored, the exposure to light and humidity is something that is monitored.
There are a lot of possibilities when it comes to blockhain and shipment of art.
At the moment, artist only makes a profit when the piece of the art is sold. However, auction houses manage to take up the most of the profit by raising the prices. This means that the profit margins for most of the art houses are insane, and this is only growing further. With blockchain implementation, artists will be able to track their art pieces, and perhaps be able to take a percentage.
While blockchain is slowly maturing and becoming more and more powerful, it is only a matter of time before blockchain makes it way to artists, and start getting implemented in the artworks as well. Now the good thing here is that you don’t need to invest a lot of money in order to implement blockchain. Plus, it is relatively easy to implement as well, so you really don’t have to worry about running into unnecessary difficulties.