WHAT IS 4ART?

Their existing software is able to scan and match an artwork’s unique digital fingerprint by capturing its finest textural details. Once this fingerprint is stored on the blockchain, the artwork is essentially unforgeable: this powerful software detects even the most sophisticated fake.At the heart of our blockchain-based platform are the artworks’ forgery-proof profiles including their digital fingerprints, history, and provenance. For any transaction, smart contracts and the decentralized nature of the blockchain guarantee the highest security standards. This finally offers the unprecedented transparency the art world has lacked.The best solutions are those that benefit all. Their authentication protocol works for art portfolios large or small, for individual owners or big institutions. For insurers and logistic firms, it makes instant condition reports quick and easy and offers novel track & trace functionality. And not least, it opens the way for artists to earn from resales of their works.

WE ARE SOLVING THE ART WORLD’S BIGGEST PROBLEM

With our powerful image-capturing software, we render artworks forgery-proof. This new authentication standard logs an artwork’s unique fingerprint, its history and provenance on the blockchain – balancing the industry’s need for greater transparency with state-of-the-art security.

4ARTechnologies is building a blockchain-powered cataloguing and transactions platform to bring greater transparency, security and process efficiency to the art world. At the heart of the platform lies a patented “augmented authentication" technology made available through the unique technical partner Atlantic Zeiser GmbH. By allowing users to log an artwork’s “fingerprint” on the blockchain along with all important information on history/provenance, this technology renders registered artworks essentially unforgeable. Requiring nothing more than a standard smartphone, this first-of-its-kind solution doesn’t just combat the problem of art fraud, but provides highly relevant use cases for all art world players.

On the basis of the 39 million sales transactions in the art market in 2017 and an approach of only 6.1 million transports per year, 4ARTechnologies, starting with Europe, is planning to tap into the market of art transactions. The following table shows when the development of the individual markets is planned and what growth is expected in the individual segments and regions of 4art-technologies.

SERVICES

Fingerprinting service

Authentication of an artwork using state-of-the-art augmented authentication technology that scans, recognizes and validates a “fingerprint” and stores this in the image’s proof-of-life, its “biometric passport”

Data storage service

Data is stored on the cloud to give users quick and user-friendly access to datasets as well as associated services. The artwork’s fingerprint and transaction history are securely stored on the blockchain.

4ART PLATFORM AS A SERVICE

Helps users maintain their ownership, lending, restoration, transportation and insurance coverage related to an artwork. Users registered as creators will be able to gain royalties from resales of their artworks.

System And Technology

Augmented authentication software

Image data is scanned through camera hardware with a minimum of 12 megapixels.This is then converted into an artwork’s ID, using the “augmented authentication” technology licensed to 4art-technologies by industry leader

Atlantic Zeiser GmbH

Micro-level image data is encoded and stored on the blockchain network
Beyond the initial check, the software draws on this data for subsequent image authentication checks and condition reports

Access and security

The 4ART Digital Artwork Catalog is accessible through the desktop web application
User roles make sure that features and functionalities are only available to appropriate parties
All users who are able to generate an artwork’s fingerprint and “biometrical passport”, or make changes to this passport, are verified according to KYC-technology in line with Swiss regulatory requirements for banks
User profiles are encrypted and stored on the cloud

ICO AND TOKEN DETAILS

Market Relevance of the 4ART Token

The number of 4art-technologies tokens in the free float serves to pay for the digital service when redeemed by the company. The company’s planned revenues shown in the Business Plan section thus provide the basis for determining the number of tokens to be purchased by customers for payment of those sales. The following table, therefore, shows the number of months as a measure of demand for the 4ART token, which – assuming a token price of EUR 0.30 – would take until all the free-float on the market – by redeeming the digital services company. Of course, never get all tokens for redemption should be clear to everyone. It is to be shown with the period falling from 18 months to 5 months, that the demand for the tokens could increase by the 3.6-fold by the rising sales of the enterprise.

Token Symbol: 4ART

Token Price: 0.3 EUR

Platform: Ethereum (ETH)

Minimum Transaction: 500 EUR

Softcap: 15.000.000 EUR

Hardcap: 250.000.000

Country: Switzerland