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Cryptocurrencies, Explained: How Blockchain Technology Could Solve 3 Big Problems Plaguing the Art Industry

  • PROBLEM 1: THE LINGERING MYSTERIES OF PROVENANCE & AUTHENTICITY
  • PROBLEM 2: THE WEIGHT OF THE TRADITIONAL FINANCE SYSTEM
  • PROBLEM 3: THE BURDEN OF TRADITIONAL CONTRACTS
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blockchain
blockchain

PROBLEM 1: THE LINGERING MYSTERIES OF PROVENANCE & AUTHENTICITY

Relatively few artworks today offer the air-tight security of a certificate of authenticity backed by an unbroken chain of title. Gaps in the provenance paper trail undermine both sides of the market, with collectors often left to wonder if they’re being presented looted works or outright fakes, and sellers sometimes forced to accept lower offers due to buyers’ hesitance over the uncertainties.

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Super Blue Blood Moon

Super Blood Moon 2018
Super Blood Moon 2018
Super Blood Moon 2018

The rare Super Blue Blood Moon is about to happen for the first time in 150 years!

Early Wednesday morning brought a lunar event that hasn’t been seen since 1866.

It was at least partially visible in all 50 U.S. states, though the views were better the farther west you live.

Let’s break this down. This event – called a super blue blood moon – was actually three fairly common lunar happenings all happening at the same time.

And scientists say that information gathered during the event could help them figure out where to land a rover on the moon.

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How is what3words able to provide accurate address of every location?

With what3words, Chris Sheldrick and his team have divided the entire planet into three-meter squares and assigned each a unique, three-word identifier, like famous.splice.writers or blocks.evenly.breed, giving a precise address to the billions of people worldwide who don’t have one. In this quick talk about a big idea, Sheldrick explains the economic and political implications of giving everyone an accurate address — from building infrastructure to sending aid to disaster zones to delivering hot pizza.

We have named every 3mx3m in the world with unique combination of 3 words.

Geospatial Start up of the Year is valuable recognition for What3Words.

The Idea behind what3words was to use words 3 words as it is easy for people to grasp.

We use latitude and longitude with our algorithm to generate 3 words addressing.

We do not use any address or pass code or anything which is much bigger then 3 meters.

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