Digital Dilemma: Will the Art Market Embrace Blockchain’s Promise of Transparency?

Written in collaboration with Lindsay Moroney, COO of Artory

Furthering the cause of transparency and establishing trust are the ideals expounded by blockchain enthusiasts, but efforts to implement this technology in order to create a digital registry for artworks will certainly take time. Will the market resist, and will increased transparency improve the market and make it more efficient, or will it scare away vendors and buyers?

According to Lindsay Moroney, COO of Artory, a secure registry of artworks, about 85% of art buyers want a certificate as proof of ownership.