As the blockchain ecosystem continues to evolve, there are many novel services that are being released to the public on a near day to day basis. Verisart is one such product.
What Is Verisart?
Verisart has been described online as being the “world's leading platform to certify and verify artworks and collectibles” via the use of blockchain technology. The company was launched in 2015 and has since provided a number of artists such as Shepard Fairey with a free and easy way to generate permanent certificates of authenticity for their work.
Verisart is highly unique in the sense that it not only provides artists and collectors with an avenue to explore new paintings but it also combines museum certification standards, distributed ledger technology and image recognition to help provide a high level of overall security.
Verisart Secured, Verified & Certified Blockchain Art Project Features
Some of the key features of this platform include:
In order to help make the process of buying and selling art much more streamlined, Verisart employs a decentralized protocol that clearly delineates the costs involved with each individual transaction for its customers.
Another underrated feature of this service is that it allows artists and collectors to certify, document, verify and enliven their works with the simple click of a button.
As mentioned earlier, this system makes use of a unique structural framework that helps in the development of a worldwide ledger for art and collectibles.
To provide the best possible monetary value for artists, collectors, appraisers and insurers, the platform utilizes museum standard meta-data that helps in the correct evaluation of various art pieces.
Solid Market Baking:
According to the official company website, the board of advisors boasts of some of the biggest names in the blockchain sector today, including Peter Todd— one of the main contributors to Bitcoin’s source code.
Verisart provides digital provenance to physical works that can be verified online as well as in real time.
Verisart is not only restricted to art creators but instead can be used by collectors and dealers alike.
Future Financial Potential:
At the time of writing this article, statistical data shows that the art market has a total liquidity potential of more than $67 billion per annum.
Through the use of native cryptographic tokens employed by Verisart, it will be virtually impossible to track down sensitive information pertaining to buyers and sellers.
One of the core advantages of this system is that it helps minimize issues related to art theft and fraud.
The mobile app used by Verisart is completely open source based. The API is open for manipulation and can thus be used by app developers for the creation of other novel blockchain products.
Who Is Behind Verisart?
From information that can be source online, we have found that the company is currently headed by Robert Norton— Former CEO and co-Founder of Saatchi Online + Sedition Art.
Other key personnel attached with this project include:
- Dr. Ahmed Elgammal— Professor at Rutgers University (Art & Artificial Intelligence Lab)
How Do I Join Verisart?
When launched initially, anyone who was interested was given an opportunity to sign up for the platform. However, since the market demand for Verisart has increased quite substantially within the past year, users now have to request for an invite to become a part of this network.
However, the mobile app is still up for grabs and can be downloaded quite easily via the Apple Store.
For any other details or queries in regards to Verisart, users have been asked to get in touch with company officials via email.