4ARTECHNOLOGIES - AN UNPRECEDENTED STANDARD OF TRANSPARENCY, AUTHENTICITY, AND SECURITY FOR THE ART

brainerdpaul (-2)(1)in #ico • 5 years ago

Blockchain technologies and cryptocurrency are harmoniously engaged in art and forwarded it to a new level. Times change and views on art changed. Admirers, art critics, artists transfer their relationship to online reality, which lead to new way of sales of the art objects, as well as establishing of copyright and authenticity of work. The influx of people into the cryptocurrency market has made an astronomical rise in the adoption of blockchain technology. Numerous supporters, investors from different field of professions and businesses around the world have embraced new technological innovation which has helped reshape the world.

In this sea of inovation and new technologies i will be introducing you to a visionary project that come to life in the form of ICO's and today i am going to present you with one of the most promising ones on the market which is 4ARTechnologies is a decentralized platform that offers cataloging and transaction services to increase transparency, security and processing efficiency in the artistic world.

ABOUT 4ARTECHNOLOGIES

4ARTechnologies is a decentralized platform that offers cataloging and transaction services to increase transparency, security and processing efficiency in the artistic world. The platform combines the technology of block-coding technology with advanced authentication, aimed at solving some of the most pressing problems in the world of art, such as the lack of a comprehensive method of authentication and verification of works of art. Some of the main services that 4ART will provide to its users include:

Fingerprint Services, Storage Services for Work Transaction History, Issuing Certificates for Verifying and Documenting Transactions by Image, Transaction Verification Services, and Cataloging for Museums and Galleries.

The Key Technological Features

Fighting Art Fighting. Once the "fingerprint" image is captured, all that is required for image authentication is another quick scan using the mobile app. Since this imprint - along with all other important information about history and origin - is stored in the blockade, it is protected from hacking.

Creating Transparency Without Expenses on Confidentiality Industry has long refused to create a centralized database due to confidentiality issues for investors and owners of artistic works, as well as lack of practical technical solutions.

The introduction of new efficiency in conditions and the restoration of reporting conditions is part of almost every agreement on the art market, from insurance to logistics and sales, at least in theory. In the 4ART mobile app, status and recovery reports should be from one minute to a fraction of the set value.

Portfolio simplification, as never before, using the 4ART platform as a service helps users maintain all property certificates, loans, restoration, transportation and insurance protection related to works of art - for owners of individual exhibits, as well as galleries and museums with large portfolios.

Give artists the opportunity to resell their work. Like other owners of intellectual property, such as writers or musicians, they are also entitled to a fee for their work.

Market Potential While art has long been a valuable asset for investors who want to diversify their portfolios, the latest data on the art market, published by Art Basel and UBS in its report "Art Market 2018," reveals the true potential of life and the market. height. After growth of 12% from 2016, the annual turnover of the market in 2017 amounted to 63.7 billion US dollars, broken down by 39 million. Separate transactions - the largest number of transactions since 2008. The fact that the number of transactions increased by only 8% indicates that the average value of the traded art.

The Powerful Image-Authentication Software

The software is able to scan and match an artwork’s unique digital fingerprint by capturing its finest textural details. Once this fingerprint is stored on the blockchain, the artwork is essentially unforgettable: this powerful software detects even the most sophisticated fake.

A Blockchain-Powered Cataloging and Transaction Platform

At the heart of our blockchain-based platform are the artworks’ forgery-proof profiles including their digital fingerprints, history, and provenance. For any transaction, smart contracts and the decentralized nature of the blockchain guarantee the highest security standards. This finally offers the unprecedented transparency the art world has lacked.

How It Works?

4ARTechnologies will enable users to authenticate the physical image of the artwork itself. The augmented authentication technology will then be integrated into the 4ART mobile application to simplify and fasten the verification process.

Once the users scans the image and its structure, material, texture and color spectrum the platform’s software systems records it and its converted into its own unique fingerprint. An artwork’s “fingerprint” stores its relevant information on blockchain and provides the artwork with a biometric passport that cannot be forged. 4ART is the first platform in the industry to store together the artwork’s information and its valuation, which guarantees the authenticity to the digital certificate and the physical appearance.

Value for The Entire Arts Ecosystem

The best solutions are those that benefit all. The authentication protocol works for art portfolios large or small, for individual owners or big institutions. For insurers and logistic firms, it makes instant condition reports quick and easy and offers novel track & trace functionality and not least, it opens the way for artists to earn from resales of their works.

ADVANTAGES

Elimination of Fraud
An artwork’s information is recorded on the blockchain and users can verify and authenticate artwork simply scan it using the mobile application. This will eliminate fraud in the art industry, as information stored on the blockchain is immutable.
Transparency
Through the utilization of smart contracts and blockchain technologies parties involved in an artwork’s transaction are guaranteed of their privacy during the transaction. Transparency will also be improved since it is easy to track the history of artwork.
Condition Reports
Access to condition reports in the art market is currently difficult in the Art market. Through 4ARTs mobile application, will receive condition and restoration reports almost instantly after the completion of the art transaction.
Management of Portfolios
The platform offers services that enable users who could be the art owners or museums or galleries with large portfolios to maintain ownership certification of their art, lending, restoration, transportation, and insurance coverage related to an artwork.
Royalties
4ART’s smart contracts will ensure that artists gain royalties on their work by notifying them as soon as any of their artworks gets sold therefore enabling the artist to earn without having to disclose the buyer information.

Token Sale and ICO Details

The platform’s utility token is the 4ART token, which is the accepted payment method for services offered within the 4ART platform. Users can purchase the token during the ICO using any acceptable fiat currency by the platform. After the purchase of the tokens, the users will receive a free 4ART Wallet where they can store their 4ART coins.

ICO Details

Token Symbol: 4ART

Token Price: 0.3 EUR

Token protocol: Ethereum

Hard cap: 250,000,000 USD

Soft Cap: 15,000,000 EUR

ICO Price 1 4ART = 0.3486 USD

Price 1 4ART = 0.30 EUR

Minimum Transaction: 500 EUR

Country: Switzerland

Accepted payment methods: ETH, BTC, Fiat

Distribution of Tokens