Fakes are everywhere, can the blockchain make the art museum a higher level of art?

I don’t know, do you still remember the “Sotheby’s” event, which is known as the biggest scandal in the auction industry of this century? In 2016, Sothebys, an internationally renowned auction company, was exposed that the 17th-century Dutch painter Frans Hals work An Unknown Man (An Unknown Man) sold for 8.5 million pounds turned out to be a fake . Sometimes, works of art are so difficult to distinguish between real and fake that even professional auction houses can be fooled.

For a long time, how to prevent the circulation of counterfeit products has always been a difficult problem for art practitioners. Despite various validation techniques, so far there is no one-size-fits-all solution to the problem. The emergence of blockchain technology has turned this situation around. The distributed algorithm and trust consensus mechanism based on blockchain technology can help solve many problems in the art industry such as art museums: verification of authenticity, copyright ownership, and work valuation.

In the 5G era, the advantages of industrial digital upgrading are evident, and many traditional business models we are familiar with are being digitally redefined. For the art museum industry, in the face of the changes brought about by the upgrading of information technology, how to make good use of data advantages to solve the pain points of the industry and form a better industry format is a concern of all participants.

In this article, Wanglian Technology will share with you some content from the perspective of blockchain technology empowering the ecology of the art museum industry, and provide some thoughts and operational directions for related companies.

Innovation is the enduring foundation of an industry, especially in the art museum industry where works speak. Fakes are rampant, which will naturally discourage the enthusiasm of serious and innovative creators, resulting in an industry ecological chaos where bad money drives out good money. So, how can we protect the rights and interests of creators and protect their intellectual property from infringement?

The use of blockchain technology to establish digital copyright protection for art works in the art museum industry is one of the most effective countermeasures at present. It can manage the entire life cycle of art works and solve the problem of right confirmation and use in the process of trading in the industry ecology. Rights, rights protection and other related issues. Specifically, it is to establish an ecological chain of the art museum industry, to digitally register the relevant works of registered users, and to use the distributed algorithm of the blockchain and the asymmetric encryption algorithm to ensure that the digital ID card of the art work is consistent with The only definitive correspondence between authors.

The individual node subjects of the art museum industry ecological chain all use digital signature technology, which can encrypt and upload the part of the copyright information that involves personal privacy, ensuring that the information is not leaked, and can also meet the creators need for anonymous publication. The rewriting of the account book requires the private key in the hands of the uploader and the public key on the chain to verify and confirm. Moreover, under the consensus mechanism of the blockchain, all information cannot be changed and cannot be tampered with. From multiple dimensions, the uniqueness of the copyright of artistic works is guaranteed multiple times, that is, to achieve the purpose of confirming the rights.

Once the copyright of a work of art is confirmed, its circulation, transactions and other information on the Internet will be recorded in the art museum industry ecological chain system, forming the traceability of the whole process. Furthermore, in the event of disputes over authenticity or copyright disputes, fast tracking and positioning of copyrights can be achieved. It can greatly improve judicial efficiency, reduce the cost of rights protection, and safeguard the legitimate rights and interests of creators in a practical sense.

At the same time, the art museum industry ecological chain can also be combined with artificial intelligence and other information technologies to realize online monitoring of artwork copyright. Once an infringement is issued, an automated and credible evaluation of the copyright value of the artwork can be performed, further shortening the time for rights protection and increasing the cost of infringement.

Through the application of blockchain technology, it is possible to create a full-chain property rights protection ecosystem in the art gallery industry, which can not only protect the basic rights and interests of artists, but also promote the healthy and orderly development of the art gallery industry ecology. Let every work of art get the protection it deserves, and let every innovation have its due value.

When artworks are traded online, due to the huge target amount, the issue of trust between both traders becomes one of the key issues. At present, on many art e-commerce platforms, relying on the centralized management of the e-commerce platform, all evaluations need to obey the rules of the platform, and the trust chain between the trading users is too long, which will easily lead to the occurrence of information asymmetry between the two parties. Spending a lot of time and cost to screen transaction information will lead to low transaction efficiency.

The birth of the art museum industry ecological chain can ensure a more transparent art transaction process, reduce the third party of transactions, and facilitate transactions, while also solving the problem of information asymmetry.

The smart contract technology based on the blockchain system can reduce the third-party verification link in the art transaction without the intervention of the intermediate platform; 7x24 hours, automatically execute the transaction, and ensure that the entire transaction process is automatically completed when the corresponding conditions are triggered; and This series of capital flow and process data will be permanently stored and unalterable in the art museum industry ecological chain, and can also provide an effective basis for later insurance claims and bill management. Therefore, art transactions on the art museum industry ecological chain can greatly reduce transaction costs, realize the performance of the transaction, and the liquidation of the transaction, and the maximum rights and interests of all parties to the transaction can be guaranteed.

In addition to efficiency, security issues are also big issues. The art museum industry ecological chain uses encryption algorithms when users trade artworks, and can also conduct anonymous transactions through machine trust without accessing their own specific data, which greatly protects the privacy and security of both parties to the transaction.

Utilizing the characteristics of non-tamperable and free transactions of blockchain technology, the use of the Art Museum Industry Ecological Chain can improve the circulation of artworks in the market through a transparent and secure trading system, and promote content producers to produce higher-quality works. This will form a virtuous circle and create a better industry ecology.

With the advent of the 5G era, data has become a core element in the Internet economy. How to integrate industry data and tap the market value of data as a factor of production has become the key to the successful digital transformation of the industry. The art gallery industry is no exception.

The application of the art museum industry ecological chain, on the one hand, can help artists, collectors, art museums, and curators to conduct open and transparent transactions of artworks; on the other hand, the big data generated through transactions can also be chained Each node above participates in the further application of the subject.

For example: the art museum can upload the exhibition data or sales data of an artists artwork to the chain, and the artist can also upload the specific property rights of the series of artworks to the chain, and there will also be collectors collection prices on the chain, etc. For the same artwork or the same art museum, open and transparent information can be formed on the industry format, and the comparison of multiple information can truly reflect its commercial value. Of course, each node subject still needs to be authorized to view the data of other nodes, so that all participants in the art museum industry can use real and effective big data in a safe data environment to break the information gap between each other and build a A digital system that can share value among participating entities, so as to achieve vertical cooperation in the industry chain, reduce waste of industry resources, and maximize the commercial value of industry data.

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