Description: Silk Route Museum, the largest private museum in China, has created the cryptocurrency ART for trading artwork, antiques, souvenirs, VR and limited edition products. ART will also use blockchain technology to track intellectual property for digital media and establish provenance for artwork and other assets to help artists and protect copyright following publication.
The word "provenance", which means “to come from", is used to describe the custodial chronology of an article. A blockchain can act as a provenance protocol for data across disparate semi-trusting organizations.
Copyright on a blockchain will have more properties to authenticate and track, not only regarding their origins, but also how particular entities are permitted to hold and interact with them.
Blockchain changes everything: a global computer running by consensus, where parties can transfer custody of valued assets in an auditable manner without relying on intermediaries. |