Jump to content

Christie’s famous auction house moves to blockchain


Mazda3

Featured Comment

Posted

For the first time, the famous British auction house will bid on the blockchain in New York.
The event is really a landmark. For the first time the auction and its result will be held and recorded on the technology of the distributed registry. This is thanks to Christie’s collaboration with Artory. On the blockchain will place 90 lots with encrypted information, each of which will be accompanied by a digital certificate. “The generated digital certificate will be transferred to Christie’s. After the auction, the company will provide all customers with a registration card to access the encrypted account of the work they acquired in the Artory Registry database, ”the project organizers said. By the way, this model of trading is not some kind of know-how. Approximately the same is done by less famous British online auctions and private companies, as well as galleries. But at home, Christie’s is a major new step towards modern technology and innovation. If such a famous auction house approves this practice, then it can really popularize the use of blockchains in this area.

A source:https://bitcoinnews.com/christies-art-auction-house-adopts-blockchain-technology/

Posted

Christy!? Oh Christie haha.. well this definitely shows the inherent integration of blockchain technology into many more areas to come in the future!

Archived

This topic is now archived and is closed to further replies.

×
×
  • Create New...

Important Information

Privacy Policy Terms of Use