In Brief: Round 2 of the biggest hackathon in blockchain is nearing it's apex. On the 22nd of December a winner will be announced. Today the man behind the hack.ether.camp virtual accelerator, Roman Mandeleil looks back over the last two months of competition and explains how the platform operates. Then we hear from some of the leading contestants:
Once artchain has been established, the art market can be securitized, which has heretofore been an impossibility. This is the Blockchain Revolution. Together, with the new consensus artchain can provide, we can build a coalition of art industry professionals and participants facing the future of mutual self-regulation of transactions and provenance.
The art industry is rife with undetected fraud. Currently, the art market suffers from incompleteness of information due a lack of trust among its participants.
Establishing the authenticity of art assets is expensive and often disputed which leads to artificially raised costs of conveyancing