Iconloop Signs Deal With Art Site to Create Record of Ownership

gepubliceerd op by Coindesk | gepubliceerd op

Iconloop has signed a deal with Yeolmae Company to provide a blockchain-based certificate issuance service for the company's ARTnGUIDE platform, which acts as an intermediary site for the joint ownership of art.

Under the terms of the deal, Iconloop's 'broof' service will record the ownership of the artwork, along with the image of that work, in a manner that prevents falsification of the record.

ARTnGUIDE currently has 16 jointly-owned works listed on its website.

The works include five by Lee Ufan, founder of the avant-garde School of Things, and three works of Whanki Kim, an early abstract artist in Korea.

At present, the co-ownership of each work is recorded by utilizing an ethereum-based service.

The record, which is publicly accessible, includes ownership status and a detailed change history.

Iconloop is a South Korean technology company and a subsidiary of Dayli Financial Group.

Dalyi was founded in 2015, and Iconloop was founded a year later.

The company works with a wide range of partners, including Samsung, Mirae Asset and KB Kookmin Bank.

The first work purchased via ARTnGUIDE was Kim Hwan-ki's Sanwol.

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