Blockchain-Based ArtChain Looks to Clean up Murky Business of Buying and Selling Art
For a long time the art world led by the big four auction houses, Bonhams, Sotheby’s, Phillips and Christie’s, has struggled with the provenance of the items they are buying and selling on behalf of collectors and owners. Third party validation was needed, but many of the so-called appraisers are not independent and have vested interests. So in 2016, ArtChain was formed. It is a platform that provides digital certificates for the pieces of art, establishing their history. Cointelegraph caught up with ArtChain founder Laurenzo Mefsut in London and asked him about the idea behind it.....
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