4ARtechnologies – ICO Review

4ARtechnologies – ICO Review | Ecency

Hello everyone, have a nice day. The hope of joining the 4RTECHNOLOGIES ICO project is very big for us, before you join it will be better if you understand the project besides it will add to your insight and improve information for you especially understanding the project’s vision and mission so that it adds to your trust in.

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4ARTechnologies Main Features

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.

Creates transparency at no expense to privacy The industry has long resisted the creation of a centralized database due privacy concerns for investors and artwork owners, and the lack of a practical technical solution.

Bring novel efficiency to condition and restoration reporting condition report are part of virtually every transaction in the art market, from insurance to logistic to sales — at least in theory. With the 4ART mobile app, both condition and restoration reports are bound to become a matter of minutes for a fraction of the establised cost.

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.

Empowers artist to earn from resales of their works Like any other holder of intellectual property (e.g. writers or musicians) artist, too, are entitled to gain royalities from their works.

Market Potential While art has long been a prized asset for investors looking to diversify their portfolios, the most recent number on the art market published by Art Basel and UBS in their report on “The Art Market 2018” reveal the true potential of vibrant and growing market. Having grown by 12% since 2016, the market’s annual turnover in 2017 amounted to $ 63.7 billion, broken down into 39 million individual transactions — the highest number of transaction since 2008. The fact that the number of transactions grew by only 8% suggest that the average value of artworks traded has in