Young's Fine Art Cooperates with Bidpoc Project to make Art Transaction Intelligible
Young’s Fine Art has announced a partnership with Shanghai Jiulian Technology Ltd, getting involved in the development process of Bidpoc Project. The aim of the Bidpoc project is to provide art transaction with a stable and reliable data platform by linking complete ecological chain information with Blockchain technology together.
Young’s Fine Art, an England-based Art company established in 2012, specialized in providing art transaction service. It aims to bridge the gap between Chinese collectors and the global Chinese art market. Its goal is to deliver valuable global market information in order to locate art, provide an efficient business transaction and ship the items in a risk-free environment. Its media platform, “Evergreen Art News”, is the one committed to providing Chinese antique transaction information and data analytics services.
In this cooperation, Young’s Fine Art will be one of the shareholders of Shanghai Jiulian Technology Ltd. For Bidpoc, it will be able to get access to all the art transaction data from more than 30 auction houses and art dealers who are long-term partners with YFA.
The Bidpoc project will record all the transaction information and data on a self-developed permissioned ledger. Such permissioned ledger will strictly control the access authority of the system that only specific authorized users can edit and amend the records, which helps secure the authenticity as well as the decentralized consensus.
Art and antiques have always been very complex things, however, due to its scarcity as well as its cultural and historical value, the process of art transaction seem to be very hidden and mysterious. Therefore Bidpoc project is intended to integrate the transaction data and to provide detailed data query support for buyers and sellers in the auction transaction process.
With the aim of ensuring the authenticity of database information, those art works which have already been recorded in the database will have physical identification marks by Bidpoc’s unique and mature encryption and validation technology.
Young’s Fine Art: http://www.youngsfineart.co.uk/
Related News
One of the “Big Four” audit firms the multinational financial management service Ernst & Young (EY) is auctioning $16 million worth of bitcoin next month in Sydney, Australia. The 24,518 bitcoins seized by special agencies will make for the country’s first cryptocurrency auction of this magnitude — much like the U.S. Marshals Silk Road auctions in....
WiV Technology, a blockchain-based project focused on the fine wine industry and non-fungible tokens (NFTs), announced it raised $1.5 million in fresh capital to further accelerate the development of its platform for tokenized fine wine. The funding round attracted participation from RedCave Ventures, Daniel Maegaard, SuperNatural, 1010 Capital, StableNode and Tokenization. These investors participated by […]
East London schoolboy, Ebenezer Odubanjo, presented VeeCee, an innovative online shopping platform for kids and young people, as part of the annual Disrupt 24 Hour Hackathon. Kids Want Virtual Currency Too. VeeCee empowers young people to curate their own buying choices by maintaining an online wish-list. It then provides parents a portal through which to make the purchases and gives them final say on whether items are appropriate. The platform enables young people to earn rewards from their guardians, peers and other adults, for chores and other tasks. These virtual currency (VeeCee)....
Ernst & Young is one of the most respected companies active in the financial sector today. Despite their interest in blockchain technology, the company is also selling US$16m worth of confiscated Bitcoin next month. A Huge Bitcoin Auction By Ernst & Young. The bitcoins in question were seized last year as part of an investigation into criminal activity over the Internet. There will be 11 lots of 2,000 coins each, and one big lot of 2,518 BTC. This seems to follow the same trend of how the Silk Road bitcoins were sold last year. It will be interesting to see who decides to bid on these lots....
Fine art meets bitcoin cold storage in Troy Fearow's "labour of love", CryptoArt, a project that took the fine art dealer 8 months to construct and launch. Troy searches for and commissions high level artists, starting with Alexander Fedosov of the Ukraine, to produce fine art paper wallets in limited editions. These prints are meant for bitcoiners who wish to store their bitcoin safely and show them off in a beautiful way. And these prints are going fast. Troy refers to these 8.15 x 11 printed art pieces as "Crypto Certificates" and are the size of traditional stock certificates - a....