Some of the most financially devastating crimes in the history of the modern world have occurred as a result of meticulous art fraud, and 'Verisart' is a new company that's aiming to eliminate those sophisticated charades altogether. The company is using the power of the blockchain to ensure that pieces on the fine art market are the genuine article, giving traders complete confidence in the deals that they make.
Traditionally, the aforementioned art fraud has been a serious issue for the art market, with many potential buyers balking because of the risk of being made a fool. It may seem silly or paranoid, but that fear has been a real damper on the industry as a whole. Verisart hopes to use its blockchain tech to eliminate those anxieties and create a more robust art market.
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