DIPFundation will help shaping China to be a powerful national in Art -3

Progression in transparency

Up to first half year of 2017, the amount of Chinese Art Fund has decreased to 372 million US dollars, with a reduction of 75% compared to the peak value in 2012.

It indicates that the activity of fund investment is becoming unclear and its associated risk is that art investment is getting away from public attentions. Although it is beneficial from anonymity and judgement points of view, it exposes the risk of low transparency to most of shareholders, for artwork investment.

Before recovery of transparency, reliability and trust, qualitive projects are demanded by Artwork funds.

This is where DIPFoundation comes in. The project DIPChain opens contemporary artwork markets to Chinese investors and ‘high value’ individuals, allowing them not only to gain financial return, but also to get access to these alternative assets which are so called ‘Culture expenses’.

DIPChain project is used to establish BlockChain technology simulating distributed ecological system. It aims to combine platforms and artwork collection professional knowledge so as to eliminate risks and reduce cost associated with approval, insurance, storage and maintenance. DIPChain provides a simple solution with full integrity to global investors, family financial management, art organizations and individual collectors for diversification of their investments. Meanwhile, DIPChain helps galleries to increase their artwork collection values via auctions in a safe and efficient way.

DIPChain (Fund) has good reputation and project independence. Under monitoring and support from DIPChain (Fund), artists will implement their responsibilities carefully, to screen out counterfeit and evaluate artworks’ conditions. The team members are responsible for all procedures and locate all relevant documentations on Blockchain distributed ledger. It makes no room for fake documentation.

Also, DIPChain will overcome the current barriers in front of art industry, enhancing the flowability of artworks. DIPChain will make art collection a safer, more transparent and straightforward investment method, benefiting the whole art industry. There is a great prospect for Chinese market with ever increasing purchasing power.

DIPChain will exploit the potential of art development by 1.4 billion people, making China a powerful nation in Art.

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