Blockchain Art Collective (BAC), a New York-based blockchain company that provides the art world with tracking and provenance, launched the first blockchain-based system that indexes and secures fine art. It catalogues the art via linking the digital (blockchain) with the physical (the work of art itself).
Blockchain Technology Connects With The Physical World Through Art
A technology company, Blockchain Art Collective is the first to create a one-to-one digital-physical link between a work of art (a physical item) and the blockchain (a digital entity).
The holistic, blockchain-based system appends tamper-proof Near-Field Communication (NFC) chips to the physical art itself.
These chips offer the same degree of encryption and security as those used in credit cards and passports. They contain information about an artwork that gets stored on a blockchain. In turn, the blockchain-linked NFC chips equip the artwork with an unforgeable, tamper-proof digital identity.
BAC also supports integrations with AI and machine vision.
Jacqueline O’Neill, the Executive Director of BAC and a visual artist stated that although BAC is in competition with others for provenance in digital art, the physical-digital link is unique to her company.
The Executive Director said:
“We are excited to tackle this unique space — while many in the market are addressing provenance for digital art, we have not seen the same kind of turnkey solutions for physical artworks until now. The physical-digital link secured on both ends is truly a game-changer for artists and institutions. Now a physical artwork can have a single, trusted identity that stays with it for life.”
The Blockchain Art Collective’s Network
The Blockchain Art Collective uses a system consisting of a blockchain network, protocols, and a decentralized apps (dApps) to back the expansion of a fine art ecosystem.
BAC functions as an ecosystem for the art world and is powered by Chronicled, Inc., a San Francisco technology company that provides supply chain solutions with IoT, AI and blockchain services.
The Blockchain Art Collective allows anyone with a smartphone to interact with an artwork by installing the BAC dApp. Interested users can scan an artwork, provided that the dApp is installed to view publicly registered information. BAC dApp, one of the first of its kind, is launching its Beta App during this month.
Artists have already begun using the platform, cataloguing and safeguarding their artworks. The artists that have used BAC include: Nanu Berks, David Puck, Cryptograffiti, RFX.1 and Orvz1.
Blockchain Art Collective will soon reveal its collectible marketplace roadmap and strategic partnerships. The expanding ecosystem will grow to include governments, authenticators, art institutions, galleries and artists. Seek to advance the platform, BAC works with those who educate about the blockchain benefits in the realm of arts.
“As someone who has registered artwork on the blockchain for a couple of years now, I’m excited to see the space evolve. The BAC platform has the potential to combat one of the art world’s biggest problems, fraud, by establishing a physical link between the work and its authentication,” the artist Cryptograffiti said.
Blockchain Art Collective will hold an invite-only event of fine art ecosystems later in the fall before it announces the Blockchain Art Working Group sponsors and members. Those interested in getting involved can do so at blockchainartcollective.com/ecosystem.
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