A platform for artwork traceability, identification and transaction data based on block chain
This project is initiated by the cultural Renaissance (Australia) foundation, which is specialized in art tracing, identification and transaction data platform, etc. By virtue of the unique tracing system of block chain, art identification and value evaluation are completed, so as to provide a safe, efficient and authentic data platform for collectors.
RCCC using block chain technology, through a transparent and credible rules, building do not fake, do not tamper with the data structure and the traceability of the chain, art records or flow of information is put into a block and cover the timestamp of blocks with password to sign on the "links" to a block, distributed information storage using block chain structure, guarantee the correctness of the trading information, so as to solve the art "value, authenticity and traceability, circulation problems, offering a global artists own value management and art exchange platform, creating art industry ecosystem. Therefore, the transparency, fairness, tamper-proof and other features of blockchain are very suitable for proving the digital assets of artworks.
On chain incentive
In RCCC, users have their own private keys and control their own accounts. All users' behavior across the network can be checked on the blockchain network, including rewards received and transfers made.
On chain copyright confirmation and verification
The private key is the only proof of identity in RCCC. The user USES his private key to authenticate and confirm the copyright. Copyright is recorded in the blockchain network through an open and transparent master node. Users can confirm the copyright recorded in RCCC through the link.
The technical support for high performance and high concurrency
RCCC proposes a negotiation mechanism for BFT-BPoS/PoC protocol. Each primary node, secondary node, and many light nodes of RCCC participant should contain a copy of all the data sets in their own system, just like a peer to peer network.
Prospects for the project
Global trading volume 全球成交量大
According to data from the center for global art economics 2018, the total turnover of the global art market in 2017 was $63.7 billion, a 12 percent increase after two consecutive years of decline, and the volume of transactions increased by 8 percent year-on-year. The us (42 per cent), China (21 per cent) and the UK (17 per cent) accounted for a record 83 per cent of the global total, a clear advantage over other countries and regions.
Art investment craze 艺术品投资热
In recent years, the U.S. housing market and the stock market have been in a slump, but art auctions in New York, Beijing and Shanghai continue to set new records, with wealthy people who are keen on art spending heavily on antiques and fine art. Since 2008, with the rapid expansion of high-net-worth individuals, art sales at public auctions have risen 27 percent to $28.5 billion, or 47 percent of the total market, according to public data.
The value of artworks has gradually increased 艺术品价值逐步提升
With the development of cultural financial industry, a large number of cultural industry exchanges, investment and financing institutions, art Banks, insurance and other industries will open the green light for art financing, mortgage and insurance.
Industry Pain Point
(1) transactions are hard to trust. Although the art industry is the more hasten is booming, the art of agents, such as galleries to rely too much on, art and circulation difficult problems still unresolved, which to a certain extent, restricted the art market vigor and efficiency, because of "trust" between buyers problem is hard to free trade of artwork. (2) low transaction efficiency Traditional art trading is still a one-to-one offline form, with high collection value and difficulty in selling, and the traditional trading system is inefficient. Along with the development of culture art industry and Internet industry together, but for a long time restrict its currency trading decades some fundamental technical problems cannot be solved effectively, such as copyright, security authentication, transaction record tampered with, traceability, asymmetric information, pricing, no purchase professional references, and so on. This is the traditional art ecology problem that Internet means cannot change. Among them, the crisis of confidence is the biggest and most difficult gap that the art industry faces. (3) quality cannot be guaranteed Participation in the art market requires a high level of professionalism, because in the art market, there are often a variety of fakes and fakes, so that investors lose a lot of money. （1）交易难以得到信任。 虽然艺术行业市场越趋繁荣，但是艺术品交易对代理商（如画廊）的过分依赖、艺术品再流通难等问题始终未得到解决，这也在一定程度上制约了艺术品交易市场的活力和效率，买家之间因“信任”问题很难进行艺术品的自由交易。 （2）交易方式效率低下 传统的艺术品交易仍是线下一对一的形式，藏品价值高、出售难，传统的交易体系效率低下。随着发展，文化艺术品行业与互联网行业结合在一起，但是长期以来制约其流通交易的一些根本性技术问题几十年无法得以有效解决，如：版权归属、防伪认证、交易记录篡改、溯源、信息不对称、定价、无购买专业参考依据等等。这是互联网手段无法改变的传统艺术生态问题。这其中信任危机是艺术行业面临的最大也是最难迈过的沟壑。 （3）品质无法保证 参与艺术品市场需要较高的专业素养，因为在艺术品市场，经常会遇到各种各样的假货赝品，让投资人损失惨重。
Blockchain technology solves the industry's pain points
Using block chain technology, through a transparent and credible rules, building do not fake, do not tamper with the data structure and the traceability of the chain, art records or flow of information is put into a block and cover the timestamp of blocks with password to sign on the "links" to a block, distributed information storage using block chain structure, guarantee the correctness of the trading information, so as to solve the art "value, authenticity and traceability, circulation problems, offering a global artists own value management and art exchange platform, creating art industry ecosystem. Therefore, the transparency, fairness, tamper-proof and other features of blockchain are very suitable for proving the digital assets of artworks.