About BARTVault ICO
BARTVault enables artists and art owners to protect their art through encrypted ‘Provenance Tokens’ on the blockchain. The Tokens prevent altering of vital information of art assets and their chain of custody, both necessary to protect their value. The system further enables frictionless P2P transactions using smart contracts that govern terms and conditions. BARTVault, with its underlying features of a 'trust protocol', cryptography and immutable global distributed ledger tracks the movement of the asset throughout its life – providing a complete 'chaîne de garde pour Toujours' (chain of custody for ever) to significantly reduce the incidents of forgery in art commerce.
The benefits of BARTVault platform:• The Art Toujours blockchain Solution is an ‘Art Owner Centric’ solution as opposed to Dealer or Art Gallery centric. The user has complete control of the placement, use, sale and disposition of their art and IP rights.• Allows Artists and Art owners to timestamp their Assets and create unique cryptographic digital "fingerprints" that can prove their ownership rights.• Unified but decentralized registry for the authentication of artwork using blockchain technology.• Each user will be able to instantly scrutinize the art’s ownership record, exhibition record, storage, and condition. They will also be able to see the quantity of duplications and prints that have been made.• Museums and Galleries have easy access to data (title/description, artist, audio, video and so on) which will automatically be transferred to museums during exhibition of art is it is selected.• Commissions and transaction fees are dramatically lower than existing models since no brokers and intermediaries are required. Transactions are fast and payments guaranteed.• Cross-border provenance, sales and transactions are easy and frictionless.Protection against forgery• Unified history for each piece of art that will completely eliminate the possibility of forgeries. All elements in said history prior to Tokenization will be verified by a decentralized group of experts, and the art will have a straightforward record.• The Platform creates the evidence that the provenance for a given work is legitimate; forged art will not have this evidence and the seller of a forged art will not have the ability to transfer the chain of custody and title.• Prospective buyer gets the assurance the seller has the authority to transfer title that can be easily verified in real-time.• Provides protections against double spend by tracing path from artist to owner and ensures the uniqueness and that no copies of work were created.• Image and object recognition features enables users to discover fakes in real time by finding multiple copies alleged to be in existence.Monetization of knowledgeThe Platform will help experts (art historians, critics, and gallery owners, curators) to monetize their knowledge and abilities. They will earn ARISTON TOKENS through moderation, assessment, and attribution of art to rightful creators.Open API & SDK to Our Platform with Library of Smart ContractsOur API is open and the SDK enables creation of value added services based on blockchain and smart contracts. Developers will be able to create products and services for the Art blockchain eco-system, be it an Escrow services, or any other financial services such as leases, group purchasing agreements, art time-share agreements, installment purchasing agreements or other services which may be required in the asset crypto eco-system. All participants will be rated by other parties in order to stimulate excellent service provision and fairness.Smart ContractsBartVault will implement Smart Contracts on the Ethereum blockchain. Artists and Art owners will be more incentivized to publish and sell in the Art ecosystem, since in addition to blockchain transparency will provide certainty of the transaction to both the buyer and the seller upon fulfillment of set conditions and contingencies in the sale.Arbitration and Conflict resolution?The arbitration features in the Platform will guarantee the fulfillment of the terms of the transaction between the buyer and seller as well resolving conflicts between artists and experts by engaging randomly chosen qualified and approved arbiters. In the event of a dispute, the parties to the transaction may use the arbitration mechanism. The cost of arbitration will be determined by the amount of the transaction. Each arbiter states independent decision and the overall outcome are based on the arbiter’s individual rating and the majority of votes. The funds are returned to the buyer if the transaction is not completed.