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ArtChain Global

Revolution in Registration, Tracking, Protection

ArtChain Global is a revolution in registration, tracking, protection and accountability for artwork. Based on open, extendable blockchain technology, the platform synchronizes digital and offline assets for anyone involved in trading, collecting or producing works of art. The 'Art' asset class is virtually the last significant way people can hold or store wealth where there is no 'system' to register these works. If you own a house, the local government knows who you are and what the house is worth. With a piece of art this lack of transparency often works against it when it comes time to sell, in a world where trust is an issue and it is difficult to prove the true value. Provenance, or the 'history of ownership' is what gives art its value. Poor provenance - low value, excellent provenance - highest possible value. Without a global registration system, it has always been difficult to check the authenticity and of course art has always been rife with fraud, forgeries, stolen or missing pieces. The world of Art has been with human kind since the beginning of time. It has been gifted, traded, invested into, bought, sold and copied. It is as diverse as human cultures and it will be with us as a source of enjoyment, story telling, fame and fortune for centuries to come. Conversely, the world of technology and in particular blockchain represents the cutting edge of design and architecture. It presents us with unique opportunities we could only dream of just a few years ago. It is the aim of ArtChain to bring these two worlds together for the mutual benefit of all. The security that blockchain technology can apply, the globalization of artwork ownership and the promotion of young emerging artists are just a fraction of the exciting opportunities and goals ArtChain Global will deliver.

3.4
1 0 expert ratings
Benchy 3.4
Experts
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~$6,000,000
value of tokens sold in ICO
Ended
Token
ACG
Price in preICO
1 ACG = 0.0285 USDT
Price in ICO
0.0300 USD
Country
Whitelist/KYC
KYC & Whitelist
Restricted areas
USA
preICO start
1st Mar 2018
preICO end
20th Jun 2018
ICO start
21st Jun 2018
ICO end
23rd Jun 2018
More on ICO
Report

About ArtChain Global

ArtChain Global is being created by a leading blockchain technology team and successful venture capital entrepreneurs in a joint effort with senior analysts and in with collaboration with the art industry. The aim is to provide solutions to a number of inherent and emerging issues in the art industry and to promote the sound and efficient growth of the art and culture industry as a whole by taking advantage of the technology and its application. ArtChain Global endeavours to build an autonomous blockchain underlying architecture and a trading platform for the art industry while developing a distributed ecosystem for the art industry and the economy as a whole.

Current challenges and issues in the art market:

- Given the high efficiency enabled by the internet, the liquidity of the art market needs to be improved and due to relative information asymmetry in the art market, there are a number of issues arising in the
public market such as lack of transparency on prices and ownership history (provenance) and inadequate control of transaction data.

-High threshold for the collection of high-value works of art, beyond the affordability of the general public.

-Authenticity and appraisal of high-value works of art.

-High difficulty appraising the value of works of art in the primary art market and lack of transparency trading in the secondary auction market (both online and offline).  ArtChain Global White Paper

- Huge price differences for the works of talented artists before and after death.

-Lack of recognition, public attention and care for a large number of artists. A large number of potentially great works have been ignored or buried away by the market as many artists can’t afford to show their
works or receive appropriate valuation for their works before they come to fame.

The development of ArtChain Global is expected to provide a total solution to these issues by creating a new ecosystem for art and bring the art industry into a new era. ArtChain Global consists of the underlying architecture of blockchain to support a business system centred around art assets trading platforms.

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