New York’s Blockchain Art Collective (BAC) has recently unveiled a “holistic blockchain-based system” capable of registering physical artwork.
Powered by San Francisco technology firm Chronicled Inc., the blockchain-based system comes complete with a blockchain network, protocols, as well as a proprietary decentralized app (DApp) for cataloging and securing fine arts by affixing near-field communication chips. Each chip contains all the artwork’s data which are linked to a blockchain, thereby providing a tamper-proof digital identity to each piece of art.
As BAC’s executive director Jacqueline O’Neill remarked, highlighting the project.
“[W]hile 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.”
Through the system’s proprietary DApp, art collectors and enthusiasts will be able to access an artwork’s general information by scanning it with their mobile phones, among such tidbits include the piece’s title, artist, medium, and origin.
Among the artists that have so far signed up to use the system include David Puck, Nanu Berks, Orvz1, RFX1, as well as Cryptograffiti. As Cryptograffiti commented, he was “excited to see the [art] space evolve,” adding that “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.”
Nanu Berks also noted that the BAC platform’s “[a]daptability and simple systems” plays an important role in bringing “art into the future,” underscoring that such systems may not be easily adopted “unless there are several easy to implement solutions.”
As the company disclosed, the DApp’s beta version is slated to be rolled out later this September.
In addition to its Blockchain-based system, BAC has also outlined a roadmap for its target marketplace which, according to the tech company, would include “governments, arts institutions, galleries, authenticators, and artists.”
This would not be the first time the Art industry has leveraged on blockchain-based solutions in a bid to revolutionize the field. Other organizations, including digital art platform Maecenas as well as London’s House of Fine Arts, have also explored the integration of blockchain technology for digitizing art ownership as well as fine arts purchasing, with some companies even creating art itself, inspired by the nascent technology.
Even museums in recent months have also been seen showcasing a number of artworks related to blockchain technology, further reinforcing BAC’s vision that the industry might be ushering into “a new era for art” propelled by nascent technology.