Artwork traceability and transaction management system

Artwork traceability and transaction management system

Glossary

X (Blockchain Network) A network based on blockchain technology for recording and verifying art transactions. X Certificate (Artwork Certificate) is issued for each artwork registered on X, containing artwork data and related account information. Artwork data includes basic information, historical information, rule set information and digital art information. Related account information includes processor ID, platform ID, issuer ID, creator ID and current owner ID. Processor Participant who provides various art-related functions in the X system provided by the platform, responsible for transferring artwork certificates, adding historical information, etc. The platform can directly connect to the X system and deploy participants of the processor. Issuer Issuer of X certificate, which can be a creator, agent, processor or owner. Creator (Artist) The creator of the artwork, who can set rules related to copyright licensing, etc. on the X system. Owner The owner of the artwork, which can be a company or an individual. Primary issuance X certificate issued by the creator or its directly authorized agent on the X system. Secondary issuance X certificate issued by the current owner or dealer for artwork that is already circulated in the secondary market. The Processor Registry is set up by each processor connected to X as its registration information on X, providing the basic information and operating policies of the processor. Smart Contracts A mechanism for automatically executing contract functions, which can automatically execute execution controls corresponding to the terms of the contract. Provenance Management Prevents the circulation of counterfeit artworks by recording the transaction history of artworks. Copyright Management Manages the copyright and secondary issuance rules related to artworks through the rule set information on the X certificate. Return of Profits A mechanism for remitting income from secondary issuance to creators. Off-chain refers to operations performed outside the blockchain network. On-chain refers to operations performed on the blockchain network. KYC Verification (personal identification) is used to verify the identity of X participants and associate them with their identities on Ethereum. Meta-transaction The technology by which the platform pays GAS fees on behalf of users enables users to delegate the execution of smart contracts to accounts with Ether. Privacy Protection Privacy protection of certain information on X is achieved by using a blockchain network that emphasizes data privacy. Access Rights Management Grants permissions to specific individuals or organizations to generate, update, and delete data. Two-way peg is a mechanism for achieving interoperability between X and other art blockchain projects, which enables seamless certificate transfer between different blockchains by locking and unlocking tokens. Fractional ownership projects enable users to sell and trade artwork ownership platforms after splitting ownership, giving more people the opportunity to buy and invest in artworks. Questions and answers

What is the main information contained in the X certificate? How does this information help guarantee the authenticity and value of the artwork?

What is the difference between primary and secondary issuance of X certificates? Why is secondary issuance important to the art market?

How does smart contract work in X? What impact does it have on art trading and copyright management?

How does X solve the problem of art return income distribution? What benefits does this mechanism bring to artists and art trading platforms?

How does X use technical means to protect the privacy of artwork information? Please list three methods and explain their principles.

What is meta-transaction? What role does it play in X? What security issues should be paid attention to when using meta-transactions?

How does X achieve interoperability with other art blockchain projects? What does this interoperability mean for the art market?

How do fractional ownership projects cooperate with X? What impact does this cooperation model have on users and the art market?

How does X ensure the reliability of information on the platform and prevent malicious users and false information?

What are the broader application scenarios of X in the art market in the future?

Short answer questions

What are the main functions of the X certificate?

What does the "processor" in the X system refer to?

What are the main ways to register artworks on X?

How do artists manage the copyright of artworks through X certificates?

What is "art provenance"? How does X manage the provenance of artworks?

How do artists obtain returns in the secondary market of artworks through X?

How does X solve the problem of confirmation and transaction of digital artworks?

What role can "smart contracts" play in the management of artwork leasing?

What is "two-way anchoring"? What role does it play in X?

How can X be used in combination with smartphone applications and NFC cards?

Answers

Short answer questions

The main function of the X certificate is to record and verify the origin, ownership and transaction history of artworks, and manage the copyright and return income distribution of artworks. It is equivalent to the "digital ID card" of artworks, which can effectively improve the transparency and security of artwork transactions.

"Handlers" in the X system refer to participants who provide various art-related services, such as galleries, auction houses, museums, art custodians, etc. They are responsible for registering artworks on X, adding historical information, transferring certificates, and performing various operations related to artworks.

There are two main ways to register artworks on X: primary issuance and secondary issuance. Primary issuance refers to the first registration of artwork information on X by artists or their authorized agents after the creation is completed; secondary issuance refers to the registration of artwork information on X by institutions or individuals who already own artworks.

Artists can manage the copyright of artworks by setting "artwork rule set information" on X certificates, such as setting the scope of copyright authorization, return income ratio, secondary creation rules, etc. These rules will be bound to the ownership of the artwork and will be automatically executed at each transaction.

"Artwork provenance" refers to information such as the source, ownership, and transaction history of the artwork. X forms a complete record of artwork transaction history by recording the time, place, and information of both parties of each transaction, thereby ensuring the authenticity and traceability of the artwork's provenance.

Artists can set the proportion of secondary market return income on the X certificate. When the artwork is traded in the secondary market, the system will automatically transfer the agreed proportion of income to the artist.

X can solve the problem of digital artworks being easily copied by binding digital artworks with unique X certificates, thereby realizing the confirmation and transaction of digital artworks. X certificates record information such as the creator, owner and transaction history of digital artworks, ensuring the security of digital artwork transactions.

In artwork leasing management, "smart contracts" can set terms such as lease term, rent payment method, artwork custody responsibility, etc., and automatically execute after the lease period ends, such as automatically returning rent and transferring artwork ownership.

"Two-way anchoring" refers to anchoring artwork certificates on X with assets on other blockchain networks to achieve asset interoperability between different blockchain networks. For example, anchoring artwork certificates on X with ERC-721 tokens on Ethereum allows users to trade artworks on different platforms.

Users can use smartphone applications to manage their accounts and artworks on X, or use NFC cards for offline transactions. For example, users can bind an NFC card to a physical artwork. When conducting offline transactions, they can use the NFC card to read the artwork's X-certificate information to verify the artwork's authenticity.