Track & Trace.
The forgery and misattribution of art is a significant global problem, and Canadian art collectors have limited means to verify information about their purchases. In the world of Web 3.0, digital interactions powered by blockchain are by design anonymous, potentially exacerbating the current problem. Track & Trace uses the benefits of blockchain allowing artists and buyers tools to exchange value in a trustworthy manner.
Ensures that lawful rightsholders are automatically paid when a work is purchased
Provides a digital passport for the art itself that contains all the data available for that particular work
Buyers will be able to verify the authenticity of the work before purchase to ensure the value exchanged is passed on to the artist
The community will have a public, open and verified registry of ownership claims associated with a creative work.