Arteïa Decentralized Blockchain Art Collection Catalogue System Set To Go Live
What Is Arteïa?
Arteia is an integrated platform that services all the needs of people in the art market. By merging this cloud-based collection with blockchain services of provenance based on smart contracts, it will bring revolutionary solutions to the market.
These technologies have been enhanced with AI, data science, and micro-targeting. This will ensure high-quality profile matching to offer the best level of decentralized service to art professionals and art lovers. The art market is worth billions of dollars, and this platform could help bring a lot of efficiency to it.
The Arteïa Team
A team of twenty IT experts, who have been working to develop the platform over the past two years, runs Arteia. With the success of their fundraising rounds, Arteia has proven that it can get investors to believe in its potential.
Arteia has been part of KHUBE since 2016, which is a KPMG Luxembourg-based incubator that focuses on fintechs. KPMG Luxembourg played a crucial role in helping to finance this project. The Arteia project was chosen by LHoFT a private-public initiative in Luxembourg, whose aim is to foster the development of fintechs in the blockchain sector.
The Goal Of Arteia
Arteia wants to be the first advanced tech platform that will empower collectors in the management of their art. It aims to disrupt the opaque art world of price setting. To do this, it will address existing needs such as cataloging and reporting.
It will also introduce functionalities that collectors cannot access yet. For instance, it will offer predictive pricing and peer-to-peer trading based on the blockchain. Arteia will embed various technologies, including the blockchain to achieve this goal.
The Problem Arteïa Seeks To Solve
Arteia solves various problems in the art market. One of the things it does is fight theft and counterfeits by maintaining secure provenance records. It will also combat information asymmetry. To do this, it will get rid of the costly intermediaries and bring liquidity to a market that lacks it via peer-to-peer trading.
The Arteïa Solution
The Arteia solution is an integrated platform, which serves the needs of actors in the art world. By combining cloud-based collection management with the blockchain provenance and peer-to-peer trading, Arteia will bring new solutions to the art markets. The result is a better art market for all who take part in it.
This is a platform by collectors for collectors. They do not have ties to auction houses or commercial galleries.
Every user will have their own database with a cloud in a jurisdiction of their choice. Besides that, they have an option for an offline server.
Unlike the competition, the platform will bring together all players in the art world and solutions in one place, which ensures it is sustainable.
The platform architecture will offer a flexible solution such as reporting suite, permissions, and elected data sharing.
Anonymity And Trust
The community is vetted using AML and KYC. All transactions can be traced using smart contracts with the help of elected anonymity.