Christie’s recently announced the introduction of a system for recording art transactions on blockchain. The decision is just the latest example of how the tech is catching on inside of the art world.
Leading auction house Christie’s announced a new system utilizing blockchain to encrypt the registration of art transactions for a November sale.
The company is planning to sell a variety of major artworks from one of the most extensive privately-held collections of American art from the last century. According to early estimates project that the artworks could command more than $ 300 million at auction.