decentralization

Hope, Distributed (Part 3)

Hope, Distributed (Part 3)

Surely, you have heard the recent story about the group of people who banded together to raise over $47,000,000 to bid on an original edition of the U.S. Constitution. Well, they nearly won it. Constitution DAO formed with a single goal: to crowdfund enough money to purchase the holy, historic document from auction at Sotheby’s. And while a literal “we the people” ironically lost out in a bidding war with a single billionaire – who at least will loan the document to a museum – the act demonstrates populist power ramifications that can extend to collections stewardship.

Savings and [Distributed] Loans

Savings and [Distributed] Loans

The speculative concept involves only shipping objects one-way and thus cutting transportation in half. In other words, you leave your objects wherever you loan them and store the objects in the nearest storage facility that meets your standards. You dispense with the idea that they return to a “home” institution immediately.

Hope Distributed, Part 1

Hope Distributed, Part 1

For this next series, I want to identify a few key ways, by no means an exhaustive list, that blockchain technology can – and I believe eventually will – change how we interact with art and artifact collections.