Review on Artfinity by Jorge Hernández
blockchain solution to protect art
Blockchain technology allows uses of a wide and unlimited variety in almost every aspect of our lives.
On this occasion, it presents us with a digital platform whose purpose is to protect works of art against any risk of malicious attacks, known as Artfinity.
Artfinity is the protocol responsible for registering artistic works on the Ethereum blockchain; using its powerful infrastructure and the versatility of smart contracts.
In this way, artistic creations are protected from fraudulent alterations that put their originality at risk.
Artfinity combines within its technological infrastructure, IoT devices, identification systems and NFC program. This in order to guarantee the security of the works of art in the distributed ledger.
For artists, Artfinity is a vital technological ally that enables them to protect their artistic representations and helps preserve the cultural heritage of society at large.
For art fans, Artfinity guarantees the authenticity of your artistic acquisitions and blockchain technology provides the security of your payment transactions.
How does the platform monetize its operations?
Artfinity developed an ERC-20 token identified with the acronym AT; which uses the Ethereum network.
The main function of this digital asset is to promote the operations of exchange of goods on its network, in exchange for the payment of a cryptocurrency.
Users of the Artfinity platform can also use AT to exchange cryptocurrencies in the market; looking for more profitable business options.
Pros
- Promotes the use of blockchain technology in the creative world
- Uses robust Etherum chain technology
- It is an anti-fraud mechanism
- Allows you to create artistic records in the blockchain
- Contributes to cultural preservation
Cons
- Currency subject to loss of market value
