Blockchain Will Help Overcome Tensions Between the Arts and the State

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Art patrons, dealers, artists, galleries, foundations and state institutions need to work together to improve mechanisms for replenishing museum holdings and tools for assessing the provenance and value of art works.

Blockchain registers may be the solution for this, as discussed in a recent public talk entitled "Gallery + Museum: Collaboration and Partnership Strategies" at the “Created in Moscow” art forum at the Cosmoscow fair, an initiative organized by the Creative Industries Agency of the Department of Entrepreneurship and Innovation Development of Moscow.

Federal and regional officials, who are in charge of art institutions, are wary and sometimes distrustful of purchasing contemporary art, as this trend is not popular in Russia. 

Ksenia Podoynitsyna, founder of the “Gallery 21” gallery of contemporary art and the InArt project believes that blockchain technologies could help solve this problem. 

"We are discussing the possibility of creating a register of art works that would include information on the authors and sales date and price (but without specifying information about the buyers). Such a digital catalog could be useful in justifying the art works’ price and provenance. Blockchain data cannot be erased, so such a registry could be a tool for ministries and agencies," Podoynitsyna said.

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