4ARTechnologies project, here is the explanation:
Art is culture and this part of our identity, but art is also passion, a good commercial and object of desire, investment and currency. Art is so much and yet something different for everyone - only one thing we all have in common is the desire to protect this asset and its values. Therefore, 4ART is building the new art world on the blockchain, with smart contracts and DNA fingerprints, but the heart of this new world is still based on transactions. The 4ART App uses groundbreaking vector technology and layer photography to record the molecular structure of an artwork with any smartphone.
DNA birth certificate is created for every piece and is immutably recorded on the blockchain.
With the 4ART App, vital artwork data will be permanently recorded, including:
- When a piece was created
- Who created it
- Who sold it
- Who bought it
- Where the artwork is now
As transactions occur, a secure digital passport will be created through smart contracts stored on the blockchain. For every transaction, there will be a transparent, traceable, inexpensive, and secure record.
Core Feature
1.) Eliminates the problem of art fraud
Once an artwork’s “fingerprint” has been captured, all it takes to check that artwork’s authenticity is another quick scan using the mobile app. Since this fingerprint – along with all other vital information on history and provenance – is stored on the blockchain, it is tamper-proof.
2.) Creates transparency at no expense to privacy
The industry has long resisted the creation of a centralized database due to privacy concerns for investors and artwork owners, and the lack of a practical technical solution. Thanks to blockchain and smart contracts, buyers’ and sellers’ privacy is guaranteed at every step of the way. And with added transparency around history/provenance, the market will become more secure and transparent for all established players, and more accessible to new investors.
3.) Brings novel efficiency to condition and restoration reporting
Condition reports are part of virtually every transaction in the art market, from insurance to logistics to sales – at least in theory. Practically, there has not been any good solution to do these efficiently. With the 4ART mobile app, both condition and restoration reports are bound to become a matter of minutes for a fraction of the established cost.
4.) Makes managing portfolios easier than ever
The 4ART platform as a service helps users maintain all ownership certification, lending, restoration, transportation and insurance coverage related to an artwork – for owners of individual pieces as well as galleries and museums with large portfolios. The information related to the object and the user can be separated on demand, allowing for the greatest transparency while keeping individual anonymity.
5.) Empowers artists to earn from resales of their works
Like any other holder of intellectual property (e.g. writers or musicians) artists, too, are entitled to gain royalties from their works. Due to the intransparency around resales, this rarely happens. With the 4ART platform’s smart contracts, artists can now be notified whenever one of their works is being sold – and earn without compromising buyer privacy.
6.) Market Potential
While art has long been a prized asset for investors looking to diversify their portfolios, the most recent numbers on the art market published by Art Basel and UBS in their report on “The Art Market 2018” reveal the true potential of a vibrant and growing market.
The 4ARTechnologies solution combines the superior security of the blockchain with “augmented authentication” technology to tackle the industry’s most pressing problems while creating value for all artwork players. Whereas other cataloging and transaction platforms allow only for the authentication of digital certificates (of history and provenance), 4ARTechnologies allows for the authentication of the physical image itself. The “augmented authentication” technology to be featured in our mobile applications makes verification quick and easy.
In addition, it helps with the generation of condition and restoration reports. Thanks to the exclusive relationship with our technical partner Atlantic Zeiser GmbH – the leading German provider of security solutions for banknotes and identity documents – it is licensed exclusively to 4ARTechnologies for global use in the art market. When a user (verified according to the KYC standards used by Swiss banks) scans an image, this powerful software records its structural, material and textural features as well as color spectrum. Using “augmented authentication” technology and layer photography, image data is then converted into an artwork’s unique fingerprint. This “fingerprint” is stored on the blockchain along with all other relevant information, providing the artwork with a forgery-proof “biometric passport” that also lists its current condition /restoration status. After the initial scanning of an image, its fingerprint can be checked against any other image purporting to be that same image, again using only a smartphone.
For the first time, all information that is relevant to artwork authentication and valuation will be securely stored together. This guarantees both the veracity of the digital certificate and the physical image. For now and for generations to come.
TOKEN SALE DETAILS
25 June 2018
STAGE 1
CLOSED GROUP
Tokens on sale for € 0.08
by invitation only
The Closed Group is only available to first investors who are in close contact with 4ARTechnologies. They’re deeply integrated in the project as a whole and give important feedback that helps improve the final product. As a reward for this valuable feedback, they receive tokens at the lowest possible price.
4ART App - Actively running app development
09 July 2018
STAGE 2
PRE-SALE
Tokens on sale for € 0.10
The best time for investors who were not members of the Closed Group and who want to achieve the lowest possible price and highest return for their investment. This is also the best time to purchase larger amounts of tokens.
4ART App - Development is aimed to launch the Alpha version of the App
31 August 2018
STAGE 3
ICO EARLY BIRD
Tokens on sale for € 0.20
The 4ART ICO Early Bird provides a good middle ground for investors who wanted to make sure that the ICO was proceeding successfully, but still, want to benefit from higher bonuses than offered during the public crowdsale.
4ART App - Alpha testing is active and further integration of APIs is prepared
31 October 2018
STAGE 4
ICO
Tokens on sale for € 0.30
4Art ICO End 31 December 2018
The most published sale for the general public. With development running at full speed and support growing, everything is prepared for a massive tide of investors. The first artworks are recorded on the Blockchain using the 4ART App.After the ICO ends, the tokens will be listed on Cryptocurrency Exchanges.
4ART App - Rollout in European Markets in Q1 2019, followed by US markets. Development for more features and optimization
31 December 2018
STAGE 5
EXCHANGE LISTING
For more information:
TWITTER:https://twitter.com/4ArtTech
TELEGRAM:https://t.me/fourartechnologies
Author
username : erwin_ibrahim
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=1061924
Ethereum : 0x347A7A7dB223A23774375EFfB6b6e96c5Ac64C1c
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