How Does Blockchain Help In Authenticating An Artwork?
The art industry is growing interest in blockchain technology was made apparently by its vicinity in the media. There was a remarkable improvement in art and blockchain relevant news, and a number of conferences and discussions were dedicated to the subject in recent years. Many blockchain art auction were concluded in many of the global conferences putting emphasis on the use of blockchain in the art. Forgeries and duplication have been an irreplaceable issue in the world of artwork. It was found that roughly half of the artwork that has been circulating in the global market is either fake or stolen. The problem is that the present system of authentication leaves too many gaps between the systems. This is where the authenticity of artwork using blockchain comes into play. It is really difficult for common individuals to identify whether the work is genuine or fake. Talented forgers pass off the fake artwork as real. Nevertheless! The blockchain serves as the solution t...