Bronzechain: New hallmark for bronze with blockchain technology unveiled
LONDON, April 11, 2018 /PRNewswire/ -- A pioneering hallmark for bronze sculpture, 'Bronzechain', launches today by DACS, in partnership with Verisart, the blockchain certification platform for the arts. The first bronze works to be hallmarked are by sculptor Maurice Blik, whose solo exhibition takes place at Bowman Sculpture, London (13 April – 4 May 2018).
As a revolutionary step for the art world, collectors and bronze foundries, Bronzechain combines the use of a hallmark stamp with innovative blockchain technology by creating a digital certificate registered by the artist and foundry to validate the authenticity of the artwork in perpetuity.
Whilst gold and silver hallmarks have been utilised for hundreds of years (the former of which was first proposed in the 1300s), Bronzechain is unprecedented, and forges a radical convergence of old and new technologies.
To address the increasing number of bronze sculpture forgeries and fakes in circulation, damaging collectors' confidence and the reputation and skill of the trade, Maurice Blik proposed this concept to DACS, seeking their support. Set up by artists, for artists, and as a leading not-for-profit organisation with 30 years' experience in protecting artists' rights and creating innovative services that enhance artists' ability to sustain their practices, DACS is excited to develop and introduce this solution called Bronzechain.
The Bronzechain stamp will be licensed by DACS to approved bronze art foundries. Each bronze produced will be stamped with the Bronzechain hallmark in the wax before casting and a digital certificate of authenticity recorded by the DACS copyright licensing service and certified on Verisart. The digital certificate of each work will then be generated and certified by Verisart, the world's leading platform to certify and verify artworks and collectibles on the blockchain.
By storing and securing data using cryptography, the blockchain certificate reinforces the physical hallmark by recording technical data specific to each artwork including dimensions, location of hallmark and edition number. As a result, the handling of bronzes will be significantly more secure and transparent.
Maurice Blik, British sculptor and Bronzechain advocate, said: "With this hallmark, people can be assured that they are getting genuine bronze and are not fooled into buying sculpture described as 'resin bronze', 'cold cast bronze' or 'bonded bronze', believing it to be bronze which it's not, it's plastic."
Mark Waugh, Business Development Director at DACS, said: "We are proud to support the innovative ideas of artists who help us find real solutions that enhance and protect the financial landscape for artists. Bronzechain is a nuanced and intuitive solution that elegantly combines blockchain technology with art world sensibilities to build confidence in the art market through provenance data."
Robert Norton, Founder and CEO at Verisart, said: "We're delighted to partner with DACS to bring to market a new standard for the certification of bronze sculptures to protect artists' rights and reduce the scope for fraudulent activity and forgery."
Bronzechain can have further applications by ensuring bronze art can be identified accurately, and thus handled appropriately with confidence on the secondary market by art market professionals. This has major benefits for the Artist's Resale Right (ARR), which enables visual artists and estates within copyright to receive royalties from the resale of their work by galleries, auction houses and dealers. Since ARR was introduced in 2006, nearly 5,000 artists and estates have been paid more than £65 million in ARR royalties by DACS.
Notes to editors
For images and logos, please download from the Bronzechain Dropbox folder. For more information, please contact:
- Abby Yolda, Head of Communications, DACS: 020 7553 9075 / [email protected]
- Grace Owen, Communications Manager, DACS, 020 7553 9064 / [email protected]
Private View, Thursday 12 April 6-8pm, Bowman Sculpture
Maurice Blik's solo exhibition takes place at Bowman Sculpture, 6 Duke Street, St James's, London SW1Y 6BN from 13 April – 4 May 2018. PV: [email protected]
About Maurice Blik PPRBS
Maurice Blik is a sculptor and former President of the Royal Society of Sculptors. He works in the UK and USA where he was awarded residency by the US Government as 'a person of extraordinary artistic ability'. His artworks, both monumental and small-scale form part of important collections around the world. mauriceblik.com.
About DACS
Established by artists for artists, DACS is a not-for-profit organisation for visual artists' rights management. Passionate about transforming the financial landscape for visual artists through innovative new products and services, DACS acts as a trusted broker for 100,000 artists worldwide. Founded over 30 years ago, DACS is a flagship organisation that has and continues to campaign for artists' rights, championing their sustained and vital contribution to the creative economy. DACS collects and distribute royalties to visual artists and their estates through royalty schemes: Payback, Artist's Resale Right, Copyright Licensing and Artimage. dacs.org.uk.
About Verisart
Verisart is the world's leading platform to certify and verify artworks and collectibles using blockchain technology. Verisart provides a decentralized title registry combining security, transparency and anonymity to increase trust and liquidity in the art market. The company binds museum grade certification standards, distributed ledger technology and image recognition under one platform and has attracted contemporary artists, such as Shepard Fairey, in addition to prominent galleries, museums and auction houses. Verisart is headed by Robert Norton, formerly CEO & co-founder of Saatchi Online & Sedition Art and its Board Advisers include Peter Todd, Bitcoin core developer and Dr. Ahmed Elgammal, Professor of the Art & Artificial Intelligence Lab at Rutgers University.
www.verisart.com
@DACSforArtists
@verisart
#bronzechain
SOURCE Verisart; DACS
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