LBN
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise
No Result
View All Result
LBN
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise
No Result
View All Result
LBN
No Result
View All Result
Blockchain Technology

Christie’s to Test Blockchain Technology in Upcoming Auction

by Nikita Blows
October 14, 2018
in Blockchain Technology, Industry and Adoption, News
Share
logo

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000

Sign up

Disruptive technology comes to the art industry once again as British auction house, Christie’s, partners with blockchain-based Artory for an upcoming sale.


Blockchain’s ability to store immutable and permanent data makes it a great tool for record keeping. Major retailers are using the technology and so is the art world. In fact, Live Bitcoin News previously reported how an Andy Warhol piece was successfully tokenized thanks to blockchain technology.

Now, according to Artnet News, Christie’s will soon be experiencing the benefits of this disruptive technology for themselves. The auctioneering powerhouse will be collaborating with Artory, a blockchain-based art registry service. The platform’s website states that they are a “secure registry of verified information about artworks and collectibles, and their history”.

Blockchain

From Origin to Sale

Artory’s founder and CEO, Nanne Dekking, has experience in the auction industry, previously working for major houses like Sotheby’s. He gave some insight as to how his registry can help clients:

Today’s buyers are more skeptical and risk-averse. They want to buy with absolute confidence. Artory was created to be a partner for the art marketplace in addressing these challenges.

The new team’s first order of business will be Christie’s upcoming sale of the extensive collection of American modernism pieces accumulated by the revered collector, Barney A. Ebsworth. Artory’s role in this narrative is to provide a secure place for possible buyers to view the history of the artwork on offer. In addition, any collectors hoping to sell their work can register on the platform without having to provide personal information about themselves, just about the piece that they want to sell.

Christie’s Tests the Blockchain Waters

However, Christie’s has stressed the fact that this a test run to determine client interest in using blockchain technology during the auctioneering process. The company’s chief information officer, Richard Entrup, explained:

Our pilot collaboration with Artory… reflects growing interest within our industry to explore the benefits of secure digital registry via blockchain technology. The entrepreneurial spirit of the Ebsworth family and their embrace of leading-edge technology makes Christie’s November sale of the Ebsworth Collection an ideal platform for our clients to pilot this technology for themselves.

Only time will tell whether or not Christie’s chooses to embrace the technology. However, there are many companies all around the world who have done just that. E-retailing giant, Amazon, has hopped on the blockchain train and even the World Bank Group has proclaimed its virtues.

Countries like China are heavily investing in the technology and Australia has plans to launch its own blockchain. This seems to point to the fact that blockchain is here to stay and perhaps early adopters will have a much-needed edge over their competitors.

Do you think this latest blockchain-based collaboration will be a success? Let us know in the comments below!


Images courtesy of Pixabay and Shutterstock.

Related Posts

SOL Price Analysis
Altcoin News

SOL Price Analysis: Solana Rally Could Resume Above $60

Solana price started a fresh increase from the $51.20 zone against the US Dollar. The price is now trading...

by Aayush Jindal
November 29, 2023
Bitcoin Price
Bitcoin News

Bitcoin Price Analysis: BTC Could Surge Further Toward $40K

Bitcoin price started a strong increase above the $37,500 zone against the US Dollar. The price is now trading...

by Aayush Jindal
November 29, 2023
Cardano (ADA) Price
Altcoin News

Cardano (ADA) Price Analysis: Key Barrier Intact At $0.40

ADA price is still struggling to clear the $0.40 zone against the US Dollar. The price is now trading...

by Aayush Jindal
November 28, 2023
Ethereum Price
Altcoin News

Ethereum Price Analysis: ETH Holds Key Uptrend Support

Ethereum price started a downside correction from the $2,135 resistance against the US Dollar. ETH price is now trading...

by Aayush Jindal
November 28, 2023

Top Casinos

Crypto Casinos
Crypto Casinos
Bonus Finder
Bonus Finder

Press Releases

  • ArbitrageScanner is hosting its biggest affiliate event in Bangkok on the 9th of December. For...

  • Is the Bitcoin price still at risk? Golden Cross signals bull run

  • FUNToken & ivendPay: Pioneering the Next Era of Crypto Payments

  • Zeebu’s $ZBU Listing On Gate.io and Startup Program

  • Blockchain Expo Global 2023: Uniting the World’s Leading Innovators in London

About us:

Live Bitcoin News is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at Live Bitcoin News, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

Follow us:

  • This field is for validation purposes and should be left unchanged.

  • About
  • Partners
  • PR
  • Advertising
  • Privacy
  • T&C
  • Contact
  • Trading Software
  • Online Casinos Germany

© 2023 Live Bitcoin News. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise

© 2023 Live Bitcoin News. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.
Go to mobile version