[Translation] Four ways blockchain is used in the art industry

This translated article from Luxtag, which on the NEM blockchain provides the world’s first “digital certificate that guarantees a product is authentic,”Luxtag has distributed.

The Art Industryis made moreefficientandtransparentby the blockchain. Why is there a need to reform the field of art?

From vivid paintings to performances, art makes the world more captivating and wealthier. It is indispensable for our development. Nevertheless, the art industry is exposed tomany dangersthat affect artists, collectors, auction houses, art enthusiasts, and investors.

However, the world does not simply watch in silence. Artists and art fans are adopting new technologies to improve their industry and enhance security and transparency.


Many people might say that traditional pursuits like art cannot coexist with digital innovation. Yet many companies and art professionals disagree. This is because, since art has no boundaries,technology is one of the most effective ways to adapt the art industry to the current market.

The development of the art industry does not only mean an increase in creativity. It also involves embracing new things and conducting experiments. In this article, to complement the creative process,we will introduce how the art industry is utilizing blockchain technology.