Blockchain Provenance

Art Industry Revolution Through Blockchain Provenance: Official Concept

NETWORK OVERVIEW: ART BLOCKCHAIN Purpose & Functionality:

The Art Blockchain is a specialized blockchain network developed exclusively for:

• Documenting transaction history for each artwork (minting, sales, transfers).

• Serving as the sole authoritative source of provenance for digital and physical artworks worldwide.

• Integrating licensing frameworks (e.g., Creative Commons) to manage and transparently enforce the rights of artists, collectors, and dealers.

• Preventing asset loss via technical restrictions—e.g., prohibiting the transfer of tokens to blockchains where asset files are stored on centralized servers instead of decentralized storage (like IPFS).

• Automatic backup protection: Every artwork includes a duplicate stored through an automated safeguard system (location and method of redundancy to be further engineered).

• Non-speculative network KEY CHARACTERISTICS:

• No native token: To avoid market speculation and maintain stability in art valuation, the Art Blockchain intentionally operates without its own volatile cryptocurrency.

• Fiat-pegged valuation: All transactions are denominated in stable fiat currencies (USD/EUR), ensuring consistency, accessibility, and regulatory compatibility. GLOBAL ART DATABASE:

The Art Blockchain aspires to be the first global institutional registry of creation, ownership, and transaction history for all art, starting with digital works and then physical works. WHO NEEDS THIS DATA?

• Collectors: To assess the current market value and historical context of any artwork by a specific artist.

• Dealers & Investors: To track artist market activity and identify investment-worthy artists.

• Collectors (again): To verify authenticity and ensure transparency of an artwork’s creation and sale history.

• Galleries & Museums: To eliminate the need for in-house archivists and costly expert provenance research.

• Institutions: To eventually replace expensive authentication services (especially relevant for digital works, where authenticity is often unverifiable today). WHO ARE THE CHAIN USERS?

1st Tier – High Pain Point

• Artists and collectors who minted works on marketplaces that no longer exist or have lost access to their assets.

2nd Tier – Stable Growth Seekers

• Artists and collectors seeking independence from blockchain volatility or marketplace instability.

3rd Tier – Passive Adopters

• Traditional art world participants (galleries, museums, dealers) who prefer simplicity and don’t need to understand the underlying tech. The user experience remains identical: credit card, check, or transfer purchase workflows.

4th Tier – Global Institutional Acceptance

• The entire traditional art ecosystem gradually adopts the blockchain as a new institutional foundation, migrating archives and historical transaction data to secure provenance infrastructure. NOTE ON INFRASTRUCTURE:

Art Blockchain should not be built on top of ecosystems like Arbitrum or Ethereum L2s, as their dependency on Ethereum undermines independence and control. A standalone or sovereign Layer 1 or tailored subnet with its own storage logic is required to ensure long-term freedom, data permanence, and systemic neutrality. LEGAL & STRUCTURAL MODEL

Art Blockchain may operate as a non-commercial organization to preserve public trust, neutrality, and long-term cultural value. Its mission would prioritize the integrity, transparency, and preservation of global art records over profit, positioning it as a public good and institutional backbone for the art world. Regards< Accompart's team