Art Authentication Using Bitcoin Blockchain - Actual Commercial Application

October 18, 2017 is an actual commercial application of the bitcoin blockchain being used for art authentication. There are other projects exploring the use of bitcoin to authenticate art, such as Ascribe and Verisart, but these applications are either still in the experimental stage, or not used to authenticate high-end fine art. is currently tracking the ownership (provenance) of art created from some of today's most popular contemporary artists.  It is the high-end collector level art pieces that benefit from the ability to prove authentication, and it is the bitcoin blockchain that is the perfect vehicle to meet this challenge.


Some of the artists who have already registered art pieces on the bitcoin blockchain using include:


 Alec Monopoly

Debora Azzopardi

 Cheryl Kelley

 Alexei Butirskiy

 Walfrido Garcia

All of the above art pieces range in price from $8,000 to $60,000. The retained value of each art piece is directly related to their proof of authentication. If the art pieces cannot be proven authentic, the resale value plummets, particularly today when there are so many forged art pieces sold on the Internet. eliminates the possibilities of forgeries.  Since the artists themselves register each art piece on the bitcoin blockchain, only the blockchain transaction chain can be considered to track the ownership of the art and therefore authenticate the art. The collectors of the above art pieces can now prove to the world they are the true and only owner of the art because they control the current owner bitcoin address. Anyone attempting to forge any of the above art pieces will be thwarted because there is no way for them to modify the bitcoin blockchain.





Share on Facebook
Share on Twitter
Please reload

Featured Posts

Recording Art on The Blockchain

March 10, 2019

Please reload

Recent Posts
Please reload

Please reload

Search By Tags