Blockchain Art Toujours aims to change the opaque business model with the help of Blockchain technology. Our solution provides an opportunity to all artists and art collectors to participate in a more transparent and fair global Art Commerce ecosystem with complete confidence of immutable and‘frictionless’ transactions. For the first time now in human history, Blockchain technology will allow people everywhere to trust in peer-to-peer transactions. This trust is established not by various big institutions but by collaboration, cryptography and by some clever code. Because trust is native toBlockchain technology, blockchains have the potential to replace traditional intermediaries with decentralized networks of trust. We will connect artists, collectors and investors in art directly, via an open Ethereum Blockchain platform and with escrow smart contracts that carry out transactions. It willreduce the need for participation of intermediaries, such as brokers and art dealers that facilitate transactions. It will also replace reputation-based trust with trust which is based on the decentralized and distributed blockchain ledger.
ARISTON TOKEN (ARTZ)This is the basic Token in the BARTVault system and will be on sale at the ICO. The name ARISTON is derived from Greek word ‘Aristos’ which means "best and most excellent." The ARISTON represents a medium of exchange in the Platform and will be at the heart of BARTVault’s ecosystem enabling to federate a strong Art Community incentivized to use ARTZ’s. The token gives a concrete and an essential utility for all stakeholders with its numerous uses on the platform that facilitate a robust ‘token economy’ with incentive mechanisms.
The Asset Provenance Token (PROVENIR)Each Art asset in the Platform can only have one PROVINER Token registered on the Blockchain in order to uniquely identify the asset and prevent from forgery and misuse. This token confirms the identity of the asset along with its authenticity, location and condition. The token will remain on the Blockchain forever (Toujours) with an immutable ‘chain of custody’ record. A user holding the Provenir Token will be the owner of the underlying art asset and will have all ownership rights and privileges linked to that art asset.
THE PROVENIR DERIVATIVE TOKEN (PDT)The Token owner encodes usage rights and permissions to the art asset in the PDT. Provenir derivative tokens are linked to specific PROVENIR Tokens and represent and grant rights to create derivative works (such as a specific number of prints, copies, or other use rights provided in the PDT). Each PROVENIR can have multiple PDT’s outstanding – that is for any single PROVENIR there can exist a number of PDT’s – each with varying permissions.
BARTVault Platform Technology & Features
Our Platform combines ‘off-blockchain’ and ‘on-blockchain’ features. The off-blockchain features include an image database and self-service client interface that includes features of direct sales and auctions of ‘tokenized’ and ‘non-tokenized’ art. At first, popular fiat currency payment methods will be accepted on the platform in addition to cryptocurrency due to the limited user base of people that use cryptocurrency. To be fully efficient and to gain market share over direct competitors, our platform will need to attract many users to derive value from the “network effect”. The main goal thereafter is to incentive all users to use Blockchain and cryptocurrency with discount and bonus incentives.
The blockchain-enabled features of the platform consist of a complete workflow to ‘Tokenize’ art. (Tokenization is the process of performing provenance on art) and storing the token as a decentralized record of art assets and their chain of custody – i.e. proof of the asset in form of a ‘Provenance Token’, which we call ‘PROVENIR’ on the Ethereum Blockchain. The Provenir token can be obtained using our platform currency ‘ARISTON’ (Symbol ‘ARTZ’). In addition to the Provenance Token (Provenir), users can also obtain Provenance Derivative Tokens (PDT’s) for each of their assets using the ARISTON. The PDT’s assign permissions for duplication, printing and other uses of art. A percentage of the cost of provenance of each item, along with a percentage of derivative tokens will be collected by the company. The remaining amount will be distributed to art experts, moderators and those participants who contribute towards establishing provenance. Transactions related to permanent or temporary transfer of custody and/or ownership of the Provenir and PDT tokens are governed by escrow smart contracts on the Blockchain.
Blockchain features are:
-Multicurrency AcceptanceThe BARTVault platform accepts all currencies including Fiat currencies. The choice of currency is not an obstacle and anyone can participate in the BARTVault ecosystem.
-Tokens for Art AssetsProvenir Tokens are encrypted ‘Provenance certificates’ and are an alternative to the `exhaustive paper trail traditionally used to prove the authenticity and ownership of art.
- Smart ContractsTransactions related to permanent or temporary transfer of custody and/or ownership of the Provenir Tokens are governed by escrow smart contracts that record all events in the life cycle of an art.
-Token for DerivativesThe Provenir derivatives token (PDT) encodes usage rights and permissions to the art asset. Multiple PDT’s can be created by the art owner granting varying use permissions.
-Arbitration and Claim of OwnershipThe arbitration feature resolves conflicts regarding claims of ownership in addition to any issues related to terms of contracts. The arbitration algorithm selects arbiters and the outcome is decided by a majority of votes.
Attention. There is a risk that unverified members are not actually members of the team
$5 677 144
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