ARTCOIN: The Highest Level Of Security, Transparency, And Authenticity The Art Industry Has Seen:
Introduction:
Since the emergence of Blockchain Technology in 2008 when Satoshi Nakamoto introduced Bitcoin, there have been rigorous efforts to apply the Blockchain to several aspects of the global business process, Blockchain Technology has been described as having the potential to disrupt many industries with a low-cost transaction, immutability, and enhanced security. In the years that have followed, many other Blockchain implementations have been developed with each one exhibiting unique features tailored to specific use-cases.
Blockchain has made it possible to issue just about any asset via a distributed ledger framework. With the aid of Cryptocurrency tokens, these assets can be given economic value in order to initiate and validate several transactional processes. Several on-chain protocols have been developed by a number of startups and established companies alike in order to create Blockchain-based solutions.
OVERVIEW OF THE ARTCOIN PROJECT:
Everyone knows that at present, the world of art is not transparent. Constantly there is a violation of the rights and freedoms of representatives of various layers and directions of the art industry. Especially in recent times a large number of illegal copies and fakes. Because of this, not only the authors of the works, but also the investors who purchase them, suffer everywhere. Counterfeits cost investors hundreds of millions of dollars every year. Modern software ArtCoin, designed to authenticate images, eliminates the risk of fraud and prevents counterfeiting. Due to the unique imprint of each work of art that is registered on the Blockchain, as well as its origin and history, the art industry now has a perfect level of transparency and security.
ArtCoin intends to cover all areas of the art industry. Their authentication methods are fully suitable for both individual collectors and large organizations. Very simple and quick status reports and the process itself can be easily monitored. Based on these reports, it is easy to provide data for insurance and logistics companies. Due to this, individual artists can finally get financial benefits from the resale of works of their art. The platform supports Blockchain-based directories. The platform based on the Blockchain and built on profiles protected from unauthorized access creates special directories where there will be information about the origin of the work of art, its history and even digital fingerprints.
The basis of the ArtCoin Technology project, First of all, it is reliable software that authenticates the image. Each image will have a unique digital footprint. By scanning and comparing the most accurate textural details and storing them in the Blockchain, the ArtCoin software makes the artwork unique and unworkable. The program will accurately determine the fakes and copies, no matter how complex they are.
THE VISION OF THE ARTCOIN PLATFORM:
ArtCoin Fund combines the emotional benefit of collecting with the appreciation of a store of value, the key motivation in any art investment. This is our valued service. ArtCoin’s approach is rooted in allowing low threshold access to diverse investor groups, initiating widespread global participation in protected anonymity. ArtCoin Fund acts as an extension of the investor, assuming all responsibilities in removing intermediaries for maximum asset appreciation while conducting arbitrage and ultimately storing value in collectible assets.
Digital Authentication ArtCoin edges from package developed to form a novel digital fingerprint by capturing microscopic texture details specific to every Art piece. ArtCoin is building the longer term of the Art trade with AN unexampled digital commonplace of transparency, credibility, and security. Very low market cap for a project as formidable and developed as this with sellers’ design already lined up and surpassing the overall current token worth. In fact Power Ledger have enforced many Cryptocurrency digital currency exchange kick ICO coin market cap trials of their technology below this embedded network state of affairs in Buss Elton and Bitfinex qtum modern coin team. A higher Analogy for an ICO would be a Kickstarter campaign, wherever contributors give the funds needed to create the projected platform. An ArtCoin is sort of a digital version of the other collectible coin or physical object, still as a digital illustration of a separate physical or digital work. It’s funded via community donations of cryptologic assets, and by the rise in worth of its holdings in ArtCoin and ether. The purpose of owning ArtCoin is to pay them forward.
THE ARTCOIN TECHNOLOGY.
· Robust Software Authenticates Images:
Each artwork has a unique digital fingerprint, and by scanning and matching the finest textural details and storing it on the Blockchain, our software effectively renders the artwork unforgeable thanks to its unprecedented ability to pinpoint fakes, no matter how sophisticated.
· Changing The Art Industry With Our Solutions:
ArtCoin has implications that will reach all corners of the art industry. From individual collectors to large institutions, our authentication protocol is the perfect fit. Condition reports are simple and faster than ever before, and works can be tracked and traced with ease, functionalities that insurers and logistics companies can depend on. And individual artists are finally able to benefit financially from resale of their art.
· A Platform That Supports Cataloguing and Transactions via Blockchain:
With our technology, the art industry is more transparent than ever. Our platform, based on Blockchain, is built on tamper-proof profiles of artworks cataloguing their provenance, history, and digital fingerprints. Top-level security standards are guaranteed, thanks to smart contracts and decentralization.
ARTCOIN BUSINESS MODEL:
Presently, a lot of billions of dollars are been invested at risk because art is unable to be verified for originality whenever someone sells or buys art. An additional verification will also be done which costs a lot of money and time. These fees shall be paid for transacting, securing, and verifying fine art on the Art chain platform. The token will also be supported by timeless pieces of art which can only be transacted in ArtCoin. Thus, a Collateralized Coin Offering is also part of our package, as our coins will be supported by invaluable art pieces. Business model the following are the areas in which there is no effective digital solution:
· Image Authentication:
Image authentication cannot be done automatically but manually because, it is prone to human error, costly and time-consuming.
· Documentation:
The central to image authentication and valuation are the records of history and provenance, but these are often easily forgeable, incomplete and not stored securely.
§ Condition Reporting:
Due to the fact that the condition that are always reported are expensive and cumbersome be it human effort or large scanners. This make owners to often forego these, even though this is central for image valuation and insurance purposes (e.g. in the context of transactions/transportation).
Those responsible for damages to an image is nearly impossible to identify (e.g. in the context of gallery loans: whether damage happened during transportation or exhibition).
§ Restoration:
There is no standard recording (and secure storing) of restoration activities along with an artwork’s other vital stats, i.e. history, provenance, and condition reports.
§ Logistics & Transportation:
Transports are usually underinsured because of the fact that there is currently no track & trace solution.
§ Intellectual Property Rights:
Artists are not able to gain royalties from the re-sales of their works due to the in transparency around image transactions.
§ Collection Management:
The absence of an effective digital solution means that there is an abundant managing of large collections — from individual documentation/condition reporting to coordination of restoration works — which takes a great deal of effort and time.
ICO TOKEN INFORMATION:
Token Name — Art Coin
Token Symbol — ARS
Platform — Ethereum
Standard — ERC-20
Jurisdiction — Zurich
Soft Cap — $ 5,000,000
Hard Cap — $ 100,000,000
Number of tokens — 30,000,000,000
Token Price — $ 0.01 USD PER SALE
Currencies payment — ETH, USD AND BTC.
USER ROLES & ASSOCIATED SERVICES:
a. Creator/Rights Holders:
- The creator/rights holder is stored as a distinct user of the ARTCHAIN system with a unique ID (User ID) type.
- The creator/rights holder is able to register the item, record its fingerprint, and to submit this to the ARTCHAIN system along with all relevant images to generate the artwork’s “biometric passport,” i.e. the artwork’s proof of life.
b. Owner:
- An owner is stored as a distinct user of the ARTCHAIN system with a unique ID (User ID) type.
- An artwork is associated with an owner (User ID) once it is bought from a creator or another owner (pri- vate or institutional) and the transaction is confirmed through the ARTCHAIN app.
- Owners are able to generate an artwork’s initial fingerprint/biometric passport.
TEAM:
ADVISORS:
For More Information Please Kindly Visit The Links Below:
Website: https://artcoin.ai/
Whitepaper: https://artcoin.ai/mt-content/uploads/2018/11/whitepaper_oct.pdf
Telegram: https://t.me/artcoinai
Facebook: https://web.facebook.com/artchain.ai20
Twitter: https://twitter.com/Artcoinreal
Medium: https://medium.com/@artchainai
Reddit: https://www.reddit.com/r/artcoinai/
YouTube: https://www.youtube.com/channel/UCwVqhxQgTiBiVxKr1USyYIg
LinkedIn: https://www.linkedin.com/company/artchain-ai/
Instagram: https://www.instagram.com/artcoin.ai/
Author’s Details:
Bitcointalk Username: Dtotti78
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2343031
My Eth Wallet Address: 0xB03B27f2f725637249977581F0128Ac5cC6A12f7