Today there is no industry standard for tracking ownership and validating authenticity of art and collectibles. Buyers and sellers are often relying on paper-based ledgers and trusted relationships, which leaves a lot of room for risk, fraud, and theft.
Automation can solve some of these challenges, but without a standard and widely adopted system, even the best tools are subject to the same user errors common in paper-based systems. What’s needed is an industry-standard framework that makes it simple for anyone (from individual collectors to large-scale auction houses to insurance agents) to easily verify authenticity and ownership of art and collectibles, anywhere, from any device, without having to invest in new technology.
Collexion does just that. Collexion’s Open Asset Registry (OAR) uses blockchain technology to automatically register, update, trace and inspect art and collectible provenance data, instantly, through an open-sourced network. Our Open Asset Registry will serve as a safe, secure, trusted platform for updating and managing art, collectibles and antiques data. Powered by Blockchain, this decentralized and encrypted platform is inaccessible to hackers and ensures the safest and most trusted mitigation to risk, fraud, and theft.
OAR makes it easy for everyone to get what they need...
Buyers can discover and purchase rare items instantly from thousands of different sources.
Sellers can connect with buyers directly and assure safe and legitimate transactions.
Art Auction Houses can improve business by eliminating penalization fees and accessing millions of customers.
Investors can increase return potential by ensuring purchase authenticity.