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Blockchain technology entering art world

Wang Jie
Art Plus Shanghai, a local art fair founded in 2019, will introduce blockchain technology to help artists protect their intellectual property rights at this year's fair.
Wang Jie
SSI ļʱ

Art Plus Shanghai, a local art fair founded in 2019, will introduce blockchain technology to help artists protect their intellectual property rights at this year's fair.

In addition to an offline event to be held at the Shanghai World Expo and Convention Center in October, Art Plus Shanghai 2021 will stage an online digital fair.

"Digital artwork, cryptocurrencies and the new technology might be a compensation if we wanted to upgrade our art fair into a 2.0 version," said Gu Chen, the fair director. "Through collaborations with our partners, blockchain will not only provide more stable development in the art market, but also long-term, legitimate intellectual property protection for artists."

According to Gu, the introduction of blockchain will narrow the public gap between the recognition and application of the new technology in the art arena.

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