Art chain to break the digital identity of art problems, “consensus show” a new paradigm of investment


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nDue to the huge value involved, art trade has always been a strong confidence in the field of demand. The question of the right of the traditional works of art has always existed, and there is a lack of long-term effective and credible method to establish the attribution of the property rights, copyright, personal rights, attribution of property rights to the recognition of each record of works of art.n
nAnd solve the problem of the right and the transfer of the trust of the problem, to solve the art of the field of the biggest problems. Recently, a Shanghai-based entrepreneurial team chain, is committed to the use of block chain to provide the field of art transactions in the field of solutions.n
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nArt chain founder Xia Xuemin just started to contact Bitcoin and block chain is already 7 years ago. At a party in London in 2010, he heard a friend saying that China could become a bitter currency and began to focus on digital money and block chain information. And really involved in the chain of business, is to participate in the 2015 Asian digital asset block chain technology seminar.n
nIn short, the art chain to do things, that is, to create a self-confidence of the digital art community – not only the early screening of art treasures for historical information transmission, value exchange records of entry, restore the works of art to real digital identity, greatly Increase the transparency of the parties’ actions, improve the accountability of the system, reduce the trust costs of the system, and introduce the traditional thinking of the works of art into the digital economy model, the first artwork mortgage issuing mechanism and the consensus display mechanism , Hoping to create a more popular art financial market, remove the art of the market circle of shackles, and ultimately “nurture the consensus of the credit soil, set sail the digital economy of the ocean.”n
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nWhy does art field need innovation? This is also from the traditional art trade point of pain. On the one hand, the forgery of works of art for many years has always been the problem. According to statistics, the annual value of 1 billion art market in 70-75% of the existence of fraud, the annual global art and collection of counterfeit and fraud market size of up to 6 billion US dollars, accounting for almost all the total turnover of art one.n
nOn the other hand, the field of art as a result of the valuation of the diversity of factors, the evaluation of the value of art is very complex, on how much a work of art in the end, how much the price fluctuation and other issues, the industry is not a unified statement. While the ambiguity of art increases the difficulty of tracking and preventing fraud.n
nHow does the chain solve these problems? The chain of chains provides a number of mechanisms designed in the block-chain solution:n
nThe digital identity based on the chain chain is the basic tactics and innovative technological breakthrough designed for the artistic chain. Art chain AC1.0 System, does not entangle the concept of true and false assessment, all works of art and related people (including the subject matter, all kinds of stakeholders, time stamp information) will receive digital identity reduction and traceability. The owner of the art object (the seller, the guarantor, the assessor, the insurer, the technical service person, the banker) as the system registrant, the real digital asset transaction record in the art chain will generate real time at different stages Of the digital identity credit (expressed as the amount of war). Each digital identity in the amount of its credit line outside the digital economy business, the need for a higher amount of credit to provide security, which to some extent also promote the expansion of the expansion of the chain of digital business and digital assets (ACA) demand Ascension. According to official sources, Art Chain has applied for the relevant patents.n
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nArt chain consensus show floor to riversn
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nIn addition, the art chain also designed the artwork consensus display mechanism. The so-called “consensus display”, that is, many places on the art of physical storage and display a consensus place. Art chain through the block chain, GPS, VR, radio frequency, sensors, communication protocols, two-dimensional code laser implantation and other related technologies, with the help of the place under the physical storage, three-dimensional display, security, , Digital asset ownership auction and related consensus display of landmark resources sharing, real-time positioning of the coordinates of the global coordinates of art assets, and further digital identity credit guarantee business, online operation, offline experience, the user can be in the electronic wallet Seamless docking their own investment in online works of digital goods and offline under the physical assets.n
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nArt chain consensus show floor to riversn
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nIn the aspect of intelligent contract design, the art chain adopts the mechanism of collateralization of art assets, and takes the physical value of artwork through the intelligent contract mechanism to endorse the value of digital assets and the digital assets.n
nXia Xue Min introduced the core competitiveness of the arts chain:n
nn”The greatest value of the future is human trust, based on the block chain digital identity is indeed the chain of rights to cultivate the consensus of the credit soil is the core competitiveness of the foundation, while the traditional value of works of art to issue digital assets to achieve global seamless docking, The core competitiveness of the chain.n
nnAlthough the art of this huge market, with the block chain to bring the change is not overnight can be completed, but in the actual landing promotion, Art chain team revealed that with more than 20 collection of associations, museums, art museums to establish a preliminary Cooperation intention.n
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nJune 20, the Ministry of Commerce Financial Block Chain Development Research Center (CECFB) invited, Art Chain CEO Xia Xue Min and accompanying executives Dong Guo, strategic adviser Yangling, China Africa International Mining Investment Group Chairman Bo Cunming and other related Personnel to CECFB to carry out “Yi chain value of the Internet to redefine the digital economic properties of art” work report, to discuss the CECFB block chain application laboratory to build matters, will soon be held in Beijing joint conference, together to promote art chain “consensus show To “in the Beijing and Shanghai and other places of rapid landing, re-change the cultural and financial industry.n
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nArtistic chain CEO XIA Xue-min to the director of CECFB gift chain digital asset certificaten
nLeft: China’s e-commerce and financial block chain development research center director Liu Ming

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