The Distributed Ledger Technology for the Art Market

Authors

  • Camilla Scarpellino, PhD Student Author

DOI:

https://doi.org/https://doi.org/10.37075/YB.2023.2.08

Keywords:

Right of ownership, Contractual law, Commercial law, Digital regulation, Blockchain, NFTs (Non-Fungible Token), Registration system, Art market
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Abstract

The art market seems exclusive to a limited circle of collectors due to information imbalances regarding artworks and their value. Often, one must turn to experts and auction houses to finalize a deal. In addition to artistic advice, legal consultations are also necessary, often due to third-party claims on the ownership of the artwork or cases of fraud. This article aims to explore the potential advantages of utilizing distributed ledger technology in the art market to verify and record transactions involving whole or parts of artworks, making them traceable and perhaps more easily purchasable.

References

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G Magri - Aedon, 2019 (2019). La Blockchain può rendere più sicuro il mercato dell'arte?. Rivista di arte e diritto online, 182-189. URL: https://www.rivisteweb.it/doi/10.7390/94146

N Muciaccia, S Lopopolo - Orizzonti del Diritto Commerciale, 2022 (2022). Prime riflessioni sul rapporto tra NFT e proprietà intellettuale. Diritto dell'Informazione e dell'Informatica. URL: https://ricerca.uniba.it/handle/11586/428472

S Rigazio - IL DIRITTO DELL'INFORMAZIONE E DELL' …, 2021 (2021). Smart contracts e tecnologie basate su registri distribuiti nella l. 12/2019. Dir. Inform.. URL: https://iris.unipa.it/handle/10447/517389

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Published

2024-01-25

Issue

No. 2 (2023)

Section

Articles

License

Copyright (c) 2023 Camilla Scarpellino (Author)

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Authors retain copyright to their works.

All publications are distributed under the terms of the Creative Commons Attribution 4.0 International (CC BY 4.0) license.

How to Cite

Scarpellino, C. (2024). The Distributed Ledger Technology for the Art Market. UNWE Yearbook, 2, 127-136. https://doi.org/https://doi.org/10.37075/YB.2023.2.08