Artchain Fights Art Forgers

Contemporary artist Philip Colbert, whose colourful and lively art finds buyers around the world, uses the idea of creating his own book to demonstrate the authenticity of his expanding work. Among his word, “I had a distributor in Japan who asked me for his job,” he said. “Art is a piece in a certain way, at the end of the day, when they arrive at the auction, the origin is a very important element of its value”.

After which Artchain was invented, a US-based startup that uses blockchain, on Ethereum technology, to verify the authenticity of the illustrations. It’s a problem as old as the art itself and artists are not reliable when it comes to documenting their own work. As early as the seventeenth century, the Rembrandt merchant complained about the bad customer record. But Archain Blockchain offers a transparent environment in which it is nearly impossible to duplicate merchandise. There’s no need to rely on trust because Artchain AI makes the market data freely available for the first time. It’s no secret that forgery is rife in the art world. While traditional forms of licensing create tradable commodities, blockchain is the ideal place to irrefutably establish an artwork’s origin and identity. Blockchain technology enables real-time digital settlement of transactions and creates tamper-proof verifiable provenance for works of art, bringing transparency to a traditionally opaque industry. Each piece of art verified by Artchain AI goes through a validation process that includes provenance analysis, document validation, and physical inspection by external trusted independent third parties.

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