In recent years, technology has continuously reshaped our economy and life, and transformed the world. The new financial network technology has emerged from the bottom, and the blockchain has become a focus of attention. The birth of the blockchain is legendary, and its series of products: digital currency, smart contracts, distributed governance, etc., have stimulated financial and social changes in the global arena. The art asset trading service platform developed by blockchain technology is “born†here.
It is reported that Chinese TV and Jiangsu Yuyineng Arts & Crafts Co., Ltd. will jointly create an art asset trading service platform based on blockchain technology development.
Based on Beijing's radiation to the whole country and serving the Chinese people all over the world, Chinese TV has set up a number of servers overseas. Chinese TV will be dedicated to creating a colorful world for Chinese people around the world. Jiangsu Yuyineng Arts & Crafts Co., Ltd. is located in Nanjing, Jiangsu Province. It is an e-commerce company with Internet + physical industry and Internet technology innovation as its core. It has established a new consumption system and is determined to lead consumers to achieve win-win cooperation with SMEs. Consumer services and consumer entrepreneurship platforms create new opportunities for consumer entrepreneurship.
The two companies have cooperated together and will always identify the authenticity of art, the value is difficult to estimate, and the traditional trading method has risks and costs, which seriously hinder the development of the art market.
The Chinese Star Art Chain is a one-stop service platform that makes it easier to invest in digital art technology and finance in the Internet art blockchain of art collection, trading, distribution, display and communication.
Using blockchain decentralization technology, encryption technology stores art related identification, auction, circulation, exhibition and other information in the blockchain, making it a digital asset, assets are established and open, and blockchain trust mechanisms make these digital assets Can not be tampered with or deleted, every transfer of art, so that the history of the artwork (including ownership, exhibition history, written records, circulation records and other key information) is truly recorded, blockchain openness allows users to pass Tracing the art treasure blockchain to obtain confirmation and identification information, which helps to establish the integrity mechanism of the art market and improve the liquidity of the art market.
Art appraisal is the focus of the art market. Some research reports estimate that the annual market for fraud and counterfeiting of art and collectibles is as high as $6 billion, accounting for almost one-tenth of the total trade volume of art. It is not uncommon for incidents of true and false art, disputes arising from sources, non-payments and claims.
Blockchain technology can not only solve the intermediary credit problem, but also provide a new channel for anti-counterfeiting and fraud prevention, and systematically protect the intellectual property of artists. Its decentralization feature is actually an independent small loop. Based on the interconnected smart devices, it brings considerable convenience to each other's service transactions. The art market has become the five most suitable industries for blockchain technology. one.
The advantage of the blockchain is mainly that it does not require intermediary participation, the information is open and transparent, and it cannot be tampered with, data security and low cost. It is most important to solve the intermediary credit problem, providing a new channel for anti-counterfeiting and fraud prevention, and systematically protecting the intellectual property of artists. This hit the demand market for the lack of suitable record retention methods and real-time verification of art sources.
Once, Bill Gates predicted that "if traditional banks don't change, they are dinosaurs that will be extinct in the 21st century." If the blockchain does not subvert the financial and technological fields, I am afraid that this prediction will be fulfilled.
The blockchain is the leader of the times, allowing the art market to develop better, enabling Chinese TV and Jiangsu Yuyineng Arts & Crafts Co., Ltd. to create the Chinese Star Art Assets Trading Service Platform.
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