Review on CODEX Exchange by Eve Vallenilla

Protecting the originality of art objects has been a common concern both for artists and collectors and for the industry that markets these assets, since as is common in these cases, these objects are prone to fraud and malicious manipulation.

As a solution to this problem, the Codex platform has developed an intelligent solution based on the use of blockchain technology.

Why use a blockchain platform to protect assets from the art world?

Thanks to the technology of the global distributed ledger, the records of works and collectibles are registered in an immutable way in the chain of blocks, which means that they are visible to all, due to the open source code of the machinery Codex virtual.

Other reasons for using blockchain as a collectible asset protection mechanism include:

• Tokenization of works of art and collectibles to guarantee their commercialization as a valuable asset on a global scale, under a secure environment provided by the blockchain platform.

• Execution of transparent transactions

• It allows to establish evaluation criteria for works of art

• Facilitates the storage and tracking of valuable assets from the artistic world

• Allows museums to be incorporated into blockchain technology innovation through the use of smart contracts

• Allows obtaining loans guaranteed by assets or works of art

• Facilitates the acquisition of insurance policies for works of art and collectibles

• Guarantees peace of mind to artists knowing that their creations are protected in the blockchain network

• Provides quick access to art collections available to investors and the general public

• Allows art dealers to spot fraudulent activity with ease

• Guarantees discounts to holders who keep CodexCoin in their wallet for a specified time

• Allows Codex asset validators to earn rewards

As you can see, there are plenty of reasons to prefer this platform as a security measure and a safe way of commercializing artistic works and collections.