Art and the blockchain: A call for co-operation

The TEFAF Art Market Report, Online Focus 2017 highlighted the importance of decentralised technology within the art market. Pownall’s report includes survey responses from 673 dealers regarding their views on the use of blockchain. She finds that three quarters of auction houses, one third of intermediaries and one fifth of galleries intend to ‘offer blockchain technology within the next five years’. She also finds that almost 20% of galleries, auction houses and intermediaries intend to accept payment in digital currencies in the future. Despite these ambitions, there is an absence of shared research and knowledge and a severe lack of co-ordination about blockchain solutions that would be suitable for the art ecosystem.

via https://medium.com/@JessyBlock/art-and-the-blockchain-a-call-for-co-operation-df554fbe8e3e