TraceArt

Easy and convenient authentication of Artworks with tracing of artwork to provide resale royalties to the artist.


Our QuillTrace Solution

QuillTrace provides a solution to the artists, galleries, and buyers to ease the authentication process of the artwork, claim resale royalties and provide partial ownership of the artwork with the help of smart contracts and blockchain.

$67.4 Billion

The current Art Industry is valued at $67.4 Billion but is unfair to the artists where resale royalties are rarely shared and cases of forgery are on a rise with the value of art crimes including fraud and fakes being $6 Billion.

Resale Royalties

With the implementation of Blockchain, artists can track their paintings and claim royalties and the buyers can be absolutely sure of the authenticity of the piece.

Challenges

  • No provision of resale royalties to the artist after the art is sold in the secondary market.
  • Low trust quotient among the artist community.
  • High cases of forgery and fraud of artworks.
  • No option for the artist to retain some part of the artwork like equity.
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Solutions


tracking-artwork

Tracking of ArtWork

With the artwork embedded on Blockchain, the artist/gallery or the auction house can track the secondary market sales and claim resale royalties.

authenticity

Verification of Authenticity

The authenticity of artwork can be confirmed with the help of a special QR code associated with the artwork. This makes the authentication convenient and removes the hassle of maintaining the documents.

partial-ownership

Partial Ownership of Artwork

dNFT can be used to sell partial ownership of the artwork just like shares. This helps the artist in retaining some ownership and then reap the benefits if the value of the artwork surges.

Media

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