Blockchain Disrupts the Art Market

Since the creation of Bitcoin, Blockchain technology has proposed a novel solution for radical problems. In this white paper, we tackle the disadvantages of an opaque physical trading market for art with a Blockchain network. We describe in theory the characteristics of such a decentralized digital platform in the art market. A brief into Ethereum is presented which would enable us to create a simple prototype of a decentralized network to trade art items. At the end of the report, we implemented the first prototype in Solidity of a Blockchain for art market motivated by the Dutch style auction.

To read the full white paper click on the report.

Report

Authors: Jan Bühlmann & Daniel Partida