ARTEVO series works
Inspired by the legend of how the game of chess was invented Vesa innovated a procong mechanism for the Artevo series.
This will now be expanded on others too due to smart contracts by FourPark Blockchain and Orion Vault.
As the new details are being currenty negotiated, we only communicate the process to interested buyers before the details are given to the public.
We estimate the details available here by start of October 2018.
The physical re-paint and Diasec pieces will be verified by FourPark and digital ones by Orion Vault. Some will remain on Verisart.
The exceptional pricing method regarding the price doubling before the blockchain solution has been featured in Economy News as well as the Trade Paper in Finland.
The process is verified on the blockchain by Four Park LLC
Why Blockchain enabling?
Blockchain enables trust between strangers by creating immutable and transparent accountability. FourPark Blockchain utilizes this trust to unleash global access to rare value, veracity and new liquidity for clients. New liquidity is achieved by employing the additional applications that Ethereum and ERC-721 have brought to Blockchain.
What is Ethereum?
Ethereum is the second largest Blockchain code after Bitcoin’s Blockchain. A natural evolution of the first Blockchain, Ethereum has smarter, more flexible, and greater business application use cases than Bitcoin’s Blockchain. Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality.
What is an ERC?
ERC stands for “Ethereum Request for Comment.” In the open source culture of Ethereum, this is the ecosystem’s method for gaining approval, or consensus. ERC is Ethereum’s version of a Request for Comments (RFC), a concept devised by the Internet Engineering Task Force. Memos within an RFC contain technical and organizational notes. For ERCs, this includes some technical guidelines for the buildout of the Ethereum network. This was written by Ethereum developers for the Ethereum community. Thus, the workflow of generating an ERC includes a developer. To create standards for the Ethereum platform, a developer submits an Ethereum Improvement Proposal (EIP). This includes protocol specifications and contract standards. Once that EIP is approved by a committee and finalized, it becomes an ERC. Finalized EIPs give the Ethereum developers a set of implementable standards. This allows Smart Contracts to be built with these standards, which a common interface can access. ERC-721 is an approved EIP effective May 2018.
ERC-721 is different than previous standards. ERC-721 describes a non-fungible token (NFT), but introduces the concept of a token being called a “Deed.” This means that each Deed is totally different and each one can have a different value to different users. One way to think about this is to recall CryptoKittes. Each one of the CryptoKitties (a digital collectable) is its own separate commodity whose value is based on its own rarity and desirability by users.
FourPark Blockchain has created Deeds for art and sculpture. The Deeds contain all identifying information, appraisal, pictures, authenticity, unique identifying stories, and more to completely satisfy all of the requirements normally conducted by third party due diligence agents.