When to Use Blockchain in the Art Markets


I am particularly proud of this analysis as it's the first I've seen about Blockchain technology in all my research. The ArtMarket.guru Founder and Publisher, Frederic de Senarclens, and I really thought hard about this question about the appropriateness of blockchain in the art markets. It seemed to us blockchain had become the "hammer" to every "nail" that techies believe ails the art markets. 

This analysis was my answer. - Wim

It seems 2018 is the year of the blockchain projects in the art markets. While many of the white papers for the efforts were published in 2017, 2018 is proving to be the peak in what Gartner, the tech industry analysis company, calls its hype curve.

ArtMarketGuru has already cataloged more than 30 projects addressing applications in the art market. The highest profile blockchain startups include Maecenas, Tend, Codex Protocol, and Feral Horses, among others.

The question remains, however: is blockchain really appropriate in every instance that new ventures promote a “solution” to art market ills?

Read the article here.