ArtWook

About:

Integrating blockchain technology into the arts industry is not untested. It is part of the greater attempt of using blockchain technology in commercial applications. Blockchain’s decentralised structure ensures fairness in transactions, establishes and maintains trust between people. Blockchain’s unique characteristics fit perfectly into the art market, specifically regarding problems such as asymmetric information, transparency, and opaque transactions. It can make art transactions more credible and reliable. It can reduce people’s concerns on investing in art, and attract a more diverse community of people to invest in art. Blockchain technology can be applied in aspects of art authentication, provenance and digital pledging of assets. These are all attempts in decentralising critical aspects of trading in the art market. The ArtWook Team comprises of veterans from the art industry and experts in blockchain technology. They come together under the goal of innovating traditional art transactions through blockchain technology. Artwook is a transformative platform based on the concept of a shared economy, allowing shared ownership, crowd investment in art works and exchange of such shares. ArtWook’s art acquisition team will acquire art pieces with great growth potential. Acquitted artworks will be registered on the blockchain and can then be subscribed to on the ArtWook platform (the first transaction). After all shares are subscribed to, indicating a successful crowdfunding attempt, investors will gain ownership rights, shares of the art pieces. Investors can trade their shares on the ArtWook platform.



Intro:

Art shared ownership trading platform cooperates with the world's top auction houses to provide online auction services. It only requires a small fund for investment and can be free from the time and region restriction.



Milestones:

June 2017

Complete ARTWOOK market research. Business and management structure established.

July 2017

UK develop team setup.

August 2017

Including three global largest auction house's experts lots art market veteran industry experts join or support ARTWOOK project.

September 2017

ARTWOOK platform demo completed.

October 2017

Proof of Concept start.

November 2017

ARTWOOK platform test version on line to test.

December 2017

Demo site launch.

February 2018

Artwook start port test.

June 2018

Crowdsale.

Q4 2018

Public Invitation based beta launch, AKC Walllet release. Artwoork platform form launch.

April 2018

AKC wallet development completed, PreICO started