💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Online Art Auctioneer To Launch Art Authentication Service Based On Blockchain

Published 05/04/2018, 09:10 PM
Updated 05/04/2018, 10:32 PM
Online Art Auctioneer To Launch Art Authentication Service Based On Blockchain
BTC/USD
-

American online art auctioneer Paddle8 and The Native, a Swiss tech company, are launching a blockchain-based art authentication service, Cointelegraph auf Deutsch reported May 4. Paddle8 will offer a digital certificate, or P8Pass, for each of the thousands of artworks sold online and encode this information on the Bitcoin blockchain.

P8Pass is a digital certificate with data encoded continuously onto a blockchain that will be linked to digital directories, information from museum catalogs, and specialized literature. Every artwork purchased on Paddle8 gets a certificate with direct access to ownership history and authorship information. The service was developed in collaboration with the US tech company Verisart, one of The Native’s minority investments.

Continue Reading on Cointelegraph

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.