The introduction of blockchain technology and cryptocurrency is gradually bringing transformation into every sector of the global economy. Leveraging on the unique features of transparency, trust, Decentralization, safety and security, it becomes easy to manage businesses especially when it comes to financial and data management. Artcoin has also deemed it necessary to utilize and leverage on theses great features to transform the Art industries globally.
PROBLEMS HINDERING THE SUCCESS OF ART MARKET.
Art market, irrespective of the importance of Art and the huge market capitalization of the Art industry, some individuals and a group of people have threatened the value of the market with their illicit , fake and fraudulent activities.
As we all know, in every sector of the economy security is very essential, the fraudulent act posed on Art market has a negative effect on the security status of the industry, and this discourages investors from buying into the industry and investing their money. A lot of times people waste their money paying for an Art that turns out to be fake , and this is a bad omen to the integrity of the industry and to the sincere and genuine Art company owners it becomes difficult to convince investors that the Art he or she is about to pay for is actually genuine. Lack of transparency is also a disturbing factor here.
THE CREATION OF ARTCHAIN
In order to solve the problems hindering the success of Art industry globally and restore a lasting value to the industry, a team of seasoned professionals and experienced men in the field of Art, blockchain and related fields have come to together to create a platform which will promote security and transparency to the Art industries around the world.
With the integration of the blockchain technology and artificial intelligent into the Art industry, Artchain with leverage on the unique features of the blockchain technology and cryptocurrency . Artchain will create a digital ledger of information that will allow the team to be able to track every Artwork as well as add security and transparency to the industry.
SOME OUTSTANDING FEATURE OF ARTCHAIN
Security of investor’s money: with Artchain, investors do not need to worry about the safety of their money; this is because investors would not need to spend their money in buying fake Art or get involved in Art fraud of any kind. With Artchain, investors are allowed instant access to all information that has to do with transactions pertaining any Art purchasing. This saves them the trouble of going through appraisal and legal services before purchasing any Art.
With Artchain every Art can easily undergo advance tracking: Any Art that is connected to Artchain comes with its finger print. The ArtDNA has a tamper proof finger print that cannot be changed or altered. With this tool, investors will be able to identify an Art that is either real or Fake without stress and decide whether to buy or not.
Also, with the ArtDNA, investors and potential investors of Art will be able to recognize and note the condition of any Art work they are paying for as at the time they are getting it from the gallery. By so doing, investors will be able gain access to all transaction history regarding their investments and properly manage their investments.Appraisal of Art: Artchain is designed in such a way that consumers will be allowed to give appraisal to every Artwork they have used. When a consumers buys any Art and pays using Artcoin , the Art will be appraised by professionals, this professional appraisal allows consumers to have access to accurate information concerning the condition and current rate of any Art work thereby getting a good market value .
Reduces Art Black market: Integrating Art into Artchain on the blockchain is meant to eliminate or minimize the existence of Art black market in the nearest future. with the use of Artchain , some road side Artists will not be able to produce a fake Art, and there won’t be any need for any consumers who wishes to get an Art to go to them when there is a complete transparent and trusted platform where they can get their genuine Art and enjoy the value of their money anytime. With this the Art black market will gradually fade away and forged Art will be thing of the past. This is why Artchin is an agent of global transformation of the Art industry.
ARTCOIN AND USES
Artchain is built on the blockchain technology with the use of a smart contract they have created a utility token called Artcoin, which will serve as the main engine of the Artchain ecosystem.
SOME OF THE USES OF ARTCOIN WILL INCLUDE:
Buying of Art: when a consumer or an investor needs an Art, he or she will need to pay for that using Artcoin. This will allow users of the platform to use Artcoin cryptocurrency for purchasing and carrying out other transactions on the Artchian platform.
Every investor of Arthain will need Artcoin to be able to access the platform and get to trace the transaction information and other related information on a particular Art they intend to purchase.
Another important use of Artcoin will be to verify Art inheritance. Every information concerning any Art on the Artchain platform can only be researched and accessed using Artcoin.
CONCLUSION
The idea behind the creation of Artchain is innovative ideas that will not only transform the Art industry by attracting more investors to the Art market, but will also add value to the blockchain technology and the use of cryptocurrency.
The fact that investors can get a genuine Art from Artchain platform using Artcoin is a great feet that will enhance the value of Artcoin therefore giving investors profits on their investments. This is one project every Art lover as well as crypto lovers should embrace and partake in for a better future on the Art market and the blockchain technology.
Sice this article cannot capture all the unique features and advantages of Artchain platform and the token sale information of the Artcoin, I advise readers to also visit Artchain website https://artcoin.ai/ for comprehensive information and regular updates.
THE TEAM
Also for more information check the links below:
Website: https://artcoin.ai/
Telegram: https://t.me/artcoinai
Twitter: https://twitter.com/ArtcoinAI
Facebook: https://www.facebook.com/artchain.ai20
Authour’s btt profile: https://bitcointalk.org/index.php?action=profile;u=1760015;sa=summarya8
Authour’s Name: Nesbee2