BAC leverages new technologies including blockchain and Internet of Things (IoT) to provide these services to living artists and artists representatives such as dealers and artist estates, as well as museums and auction houses.
The company offers the patented Blockchain Art Certificate of Authenticity (COA), which is a tamper-evident, NFC-enabled, blockchain-backed seal. Once a COA is connected to an artwork, all of the artwork's data can be registered on a permissioned blockchain, thus, uniquely securing, time-stamping, and aggregating provenance records for that individual artwork over time.
BAC brings new value to the art world by combining the functions of the artist's signature, a certificate of authenticity, and a catalogue raisonné into a single, secured identity that stays with an artwork over the course of its life in an accessible manner to artists and arts institutions.
Welcome to the new standard of authenticity, provenance, and art asset management for artists and arts institutions.By Jacqueline O'Neill.
This item was submitted on 8th January, 2019.