A newly issued patent application seeks to establish and maintain a chain of artwork ownership through blockchain technology.
The patent application was published by the United States Patent and Trademark Office (USPTO) on Thursday, and listed the inventor of the design as patent attorney Howard H. Sheerin (Howard H. Sheerin) in Scottsdale, Arizona . According to Sheerin's LinkedIn page, he is now working in Silicon Valley and he has been "researching and actively participating in the crypto revolution, including drafting multiple Bitcoin/blockchain patent applications." His website also shows that he accepts Bitcoin.
Sheerin wrote in the patent application that the certificate of authenticity is essential to enable the seller to obtain the full value of his artwork in auctions and other sales. However, the paper certificate does not fully guarantee the source of the work.
He wrote: “Artists used to issue paper certificates of authenticity for each artwork they created to increase the value of each artwork for later purchasers. When the second buyer is interested in starting When a buyer purchases a piece of art, the first buyer can present the paper certification certificate and the artwork to prove his legal and legal ownership of the artwork. However, the paper certificate may be easily forged, which greatly weakens The value and effectiveness of this certification system. Therefore, there is a need for a better system to certify works of art that are not easy to circumvent."
Sheerin hopes to apply for a patent for a system that will allow artists to use the Bitcoin blockchain or another cryptocurrency network to establish and transfer ownership.
Of course, the difficulty of using blockchain to establish an ownership chain is that the original registration of ownership involves trust factors.
For example, last month, blockchain commentator Terence intoEden scammed such an artwork provenance service-Verisart, which registered the artwork on the Bitcoin blockchain-and provided him with a certificate of authenticity, confirming He painted the Mona Lisa (better known as Leonardo’s 16th-century masterpiece).
Even now, a month after Eden’s story went viral on social media, he is listed as the verified owner of "Mona Lisa," and this "fact" is permanently engraved in The unchanging Bitcoin blockchain.
Sheerin's proposed system appears to use a similar architecture because although ownership is established using Bitcoin addresses, the data is maintained through a central chain of ownership (COO) website.
Therefore, although such a system can increase the convenience for artists to establish and transfer ownership, it still requires all parties to trust the centralized entity that maintains the database and verifies the information contained in it.
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