So how does Artchain Actually Work
A question one might be thinking is that with so many advantages, how is it possible for Artchain to do what it does best. The Artchain uses the technology of Bitcoin Blockchain to help authenticate art by providing a chain of ownership for the artwork.
The Bitcoin Blockchain provides a database which cannot be modified and produces authentic digital certificates that are impossible to forge. The process is simple, an artwork is registered as an art piece and the Bitcoin address is displayed for the chain of ownership.
The Process for an Artist or Art Gallery
Generates an Artist or Art Gallery (AG) Bitcoin Address: The first thing in the process is the generation of an AG Bitcoin Address which is essential for being issued an authentic digital certificate.
Generates an Art Piece Bitcoin Address for the first Art Piece: After the AG Bitcoin has been generated, the second process if the creation of the Art Piece Bitcoin Address for the first Art Piece.
Transfers Bitcoin from the AG Bitcoin Address to create a link in the Bitcoin Blockchain: The next process is to transfer the Bitcoin from AG Bitcoin Address which helps create a link in the Bitcoin Blockchain.
Creates New Record in the Account for the First Art Piece: After the above process, a new record is created in the account for the first art piece.
Generates an Art Piece Bitcoin Address for the second Art Piece: As the second art piece gets recorded, an Art Piece Bitcoin Address is generated for the second Art Piece.
Transfers the Bitcoin from the AG Bitcoin Address to create a link in Bitcoin Blockchain: A link is created in the Bitcoin Blockchain for the AG Bitcoin Address.
Creates a new record in the Account for the Second Art Piece: A new record is created in the account for the Second Art Piece.
The process is repeated for further art pieces.
As can be seen, the Artchain AI provides a simple Blockchain method to record all the authentic artwork for the artists. The system is easy to use and many companies provide the services to help record all your artwork data and receive an authentic digital certificate for every individual artwork.
Use Artchain Blockchain for your Artwork
With the help of Blockchain systems, all physical items such as paintings and preservations can be represented by digital tokens. The Blockchain technology will provide benefits to every single part of the art industry such as galleries, insurance companies, finance companies and institutions, auction houses and even creditors since the ownership of the artwork is easy and can be transferred to multiple token holders through smart contracts.
The smart contracts help ensure that the information is protected and that the original data can not be modified. Artists and art investors can be sure that their artwork will be protected and would fetch higher prices due to the authentication system of the Artchain Blockchain Technology.
Artchain.ai
Artcoin.ai
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