Blockchain Registry

in art •  6 years ago 

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A blockchain registry could be more robust and, paradoxically, as private as traditional alternatives. In an optimal structure, anyone who knows the recorded images can help complete the database. At the same time, the flow of information could be designed in such a way that the identity of the participating informants remains anonymous to the public, provided that it is known and approved by the creator of the document. Think of it as a book recommendation: if the end user relies on the agent's criteria, he or she can be familiar with the content, even if it does not know anything about its source.

The result of this process would be twofold: a vast collection of blockchains checked by each one, marking the time and digitally storing each original event in the life of a work of art; and anonymously publish a public research database containing data from the same blockchains to protect privacy and promote participation in a secretly frustrating industry.

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Theoretically, a record of blockchain titles would greatly increase confidence in the art market. Since the origin of each recorded copy is carefully examined by a neutral third party and anyone can read it, this innovation should lead to more buyers willing to pay more for the extra layer of security.

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Blockchain has so much applications that people tends to forget, that's cool to see that ideas and projects are developped without the only objective to create a currency and / or make money easily...