Block chain connected art industry, how does DIPChain to build distributed art ecology? — 2
DIPChain, an efficient and reliable art database
DIPChain is a highly perfect and reliable database of artwork information built through community information sharing. For a long time, it has been difficult for ordinary enthusiasts to accurately describe relevant search keywords by searching related artworks on baidu and other online search engines. However, the artwork database on DIPChain is perfect and easy to use, and the collection of these data is used to store big data with distributed servers.
Community users can search and view artwork related information directly through DIPChain, including artwork photos, collectors, affiliated artists, trading information and so on. It is also possible to chain up comments on the artwork and store all the information in a distributed server. In the trading process, art lovers can extract artwork data through information summary, view artwork information, and make a reasonable valuation of the artwork.
“On the DIPChain, artworks will be digitized from the completion time or a certain traceable point. Secondly, artists and collectors release the digitized collection information. After completion, each node will synchronize relevant information. The transparent flow of art along the chain, and the ease with which it can be traced back to its source, will greatly reduce the number of fakes in the industry. “DIPChain founder Eric Wang described.
In addition, DIPChain also creates a decentralized art trading platform through block chain technology to realize real-time trading settlement. And create tamper-proof verifiable sources to improve the transparency of art transactions; Simplify and automate lengthy financial services processes. By reducing the interaction between foreground and background, a large amount of manpower and material resources are saved, and the competitiveness of the art market is improved.
Compared with traditional centralized art trade, distributed decentralized art trade is built based on intelligent contract. The transaction process is completed through the DIPChain and recorded in the chain, the whole process is transparent and credible; Through unique trading methods, the valuation of artworks is more objective and accurate, and promotes the healthy development of the community.
In the process of trading, each artwork on the platform will be evaluated through the DIPChain art expert committee to reach a value consensus. Then the foundation will launch art financial products. After the subscription is completed, the corresponding unique token will be generated, and each participating art lover will be confirmed through intelligent contract. Finally, art lovers can trade the ownership of artworks in the community and gain value.
“Asset securitization of artworks is realized through thetokens; Thus, it reduces the threshold of art trade, diversifies its investment risks and unprecedently enhances the circulation of art works. In this way, even if not high-end people can participate in the art collection and appreciation of the right. “Talking about this, Eric Wang also explained the industry dilemma of high investment threshold for art.
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