Russian Art Museum to Receive Donations Using Blockchain-Powered App

The Russian Art gallery, Tretyakov, is in the process of developing a Blockchain-based app that will allow the Museum to receive donations. With the app, individuals who have an interest in the Gallery’s artwork will be able to make financial contributions. They will also be able to access artworks that have been digitized.

Meeting the Trends in Technology With the Use of Blockchain

The Tretyakov Gallery is an art museum that began in the 19th century. As of today, it exhibits about 190,000 art collections from contemporary and modern artists. To meet the trends in technology, it has decided to innovate with an application known as, My Tretyakov. An Austrian blockchain company, Ruddle & Code is charged with the job of developing this a software.
Those who make donations will be able to create a profile and also own an art portfolio on My Tretyakov’s platform. They will also become patrons of the art they have donated to. In this case, their names will be displayed alongside other patrons of the art. One can assume that this is in a bid to encourage more people to donate.

Keeping Track of the User’s Interest in Artworks

Right from the Tretyakov Blockchain app, user’s interest in the Gallery’s works will be studied. There are hopes that in the near future, this will help in the development of an Artifical Intelligence (AI) software that considers the interest of the user.
On top of that, the Museum’s masterpieces will be digitized using Distributed Ledger Technology (DLT). This is to allow anyone in the world to gain access to them and also allow its patrons to upload their creation online. The Gallery has said that location will no longer be a barrier and those who love creative works can easily access them.

Copyright Protection for Art Painting With the Use of Blockchain

More Galleries and artists are taking advantage of the Blockchain technology to secure their creations or raise funds. In the case of the former, an artist Svetlana Smirnova in 2017, protected her copyright using a digital certificate. Here, her work was traceable on the Blockchain.
It was recently reported of an art auction in New York, Christie’s auction house where about $317 million was raised in the sale of artworks. This has been recorded as the most valuable auction ever judging from the amount that was generated. It is worthy to note that the Ethereum Blockchain was used to record the auctions that took place.

Related posts
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTETFNewsxbtusd

Bitcoin May Never Go Below $50k Once An ETF Is Approved, Declares On-Chain Analyst

Bitcoin may never drop below $50k asserts on-chain analyst Ki-Young Ju. But as usual, there are conditions that follow this possibility. In a tweet, Ju analyzed that Bitcoin could follow the same path that gold took in 2004 when the first…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

Quarterback Star Tom Brady Breaks Internet After Showing Interest In Bitcoin

Tom Brady, the American athlete who is widely regarded as the “greatest” quarterback in NFL history is the latest celebrity to show interest in the world’s most valued cryptocurrency Bitcoin. Brady who has a massive Twitter following of 1.9 million…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

Almost $200 Billion Worth Of Bitcoin Is Currently At Risk – Report Warns

A recently published 2021 crypto report by Opimas LLC, a finance-based management consultancy firm, has revealed that approximately 3,480,000 out of the world’s mined 18.5 million Bitcoin, stands vulnerable to attacks as a result of improper safekeeping. The 36-page report…