In this article I would like to talk about another industry in which you need to actively implement blockchain technology,because there are problems:
One of the most important problems of the online Art market is the sale of fake paintings or creations of authors!This is very bad for the ART market!Also a big problem is that the online ART market can not provide both the buyer and the author of the creation (or the owner) tools for convenient and open trade, which significantly hinders the development of the ART market !
Consider the project of the ART Pro which can solve this problem!
We begin,first I should say that the ecosystem was created on blockchain technology and with its own token on the platform ERC721,this you can rest more on the project website, ART Pro: https://art-pro.io/
The ArtPro platform uses the ERC721 non-fungible token (NFT) standard to assign a unique identity to each artwork. This enables its lineage to be traced
and transferred, whilst preserving the owner’s anonymity. The metadata of the token includes a hash of its transaction history. Every time a sale or trade occurs, the latest block number, along with a piece of data attached to the art, is hashed again and stored and the token’s metadata is updated. This way,
the movement of art within the ArtPro system is immutably stored in the blockchain, and the authenticity of each transaction can be proven by cross-referencing it with the corresponding Ethereum block.
Above you can see how the platform works-this information I took from the technical document of the project, so as not to rewrite it, I think everything is quite clearly written and you will understand what I will tell you next!
As I understand it will be a very convenient ecosystem for both the artist and the buyer with a high level of transaction and data protection!
Consider the operation of ecosystems ART Pro :
- Marker ERC721 is used to store the pedigree of each piece of art that is a very important factor and solves the problem of fake paintings!
- The metadata of the token keeps the hash of the current owner and the transaction history,which is also an unconditional advantage of the platform, which shows the purity of the process of trading the picture!
- With every trade, ART Pro take the latest block number, owner details and sale info along-side a UUID and hash everything again!
- The history of movement of the art on the ArtPro system is stored in the immutable blockchain
- The authenticity of each transaction can be proven by cross referencing with the corresponding ethereum block
Everything looks very good, it is worth noting that the project received high marks on ICO sites, which is a factor of trust!
The ArtPro Marketplace also allows users to ‘try before they buy’ using cutting edgeAugmented
Reality software. By granting would-be buyers the opportunity to see the art in situ in their own
homes!
This tool is really cool, now you do not need to imagine how the picture will look on your wall or somewhere else, now you can just go to the site ART Pro and choose a picture to see immediately how it will look!It is also worth noting that the project has quite a lot of partners who are willing to cooperate, more about the development of the project you can find in the roadmap on the website ART Pro!
Here in this turned a small overview of the platform,I want to say that in my house there are a couple of pictures,but they are old!With the release of the project, I will definitely test the platform, buying there some inexpensive picture and share my impressions with you!
Links to ART Pro project resources:
Website: https://art-pro.io/
Whitepaper: https://art-pro.io/files/artPro_white_paper.pdf
Lightpaper: https://art-pro.io/files/artPro_white_lightpaper.pdf
Telegram: https://t.me/artproplatform
Twitter: https://twitter.com/ArtProPlatform
A sponsored article written for a bounty reward.
Bouny0x username:petrik41
