On January 12 in Singapore at the world exhibition ArtStage Singapore 2018, Rudanovsky Foundation will introduce CryptoArts as the world's first blockchain project, which significance is comparable to the appearance of art itself. According to British art banker Randal Willet, owner of Fine Art Wealth Management Ltd, as well as Swiss art dealer Lorenzo Rudolph, this is truly a revolution in the art world. The project has already attracted attention of the world's largest museums, collectors and investors.
Pavel Rudanovsky, ideologist and co-founder of CryptoArts, shared information about the project:
«Today, many people talk about blockchain, but there are very few real useful projects using this technology. We decided to abandon the hype, take the time and really create a powerful project. Despite the fact that the development of the project took more than five years, it was this year that we began to translate the concept into reality, test, work with designers and programmers.
35,000 years ago, men made drawings in the caves of Argentina «Cueva de las Manos». This is truly the first example of a «decentralized» art in the history of mankind. In those times far from us there were no states, economies, auctions, museums, and everything created by the ancient man was in some sense «priceless». Once art equated to money, the era of falsifications began, which continue to this day: theft, forgery, revaluation, the mismatch of provenance, the war in which information is lost or history is rewritten. We created a group to study this issue and decided to develop and invest in a universal technology that would perpetuate world art and protect it from falsification, making relations in the global art community transparent.
CryptoArts is a global blockchain system designed for museums, galleries, collectors, experts and everyone interested in art and innovative technologies. For the first time in 35,000 years, thanks to revolutionary technology, we are applying new principles of interaction in the world art community: reliability, openness, transparency. Decentralization of CryptoArts will allow the safest and longest-term storage of the most significant collections in the history of mankind and monitor aspects related to the movement of paintings, participation in exhibitions, restoration work and much more. Assigning a unique code to each work, we also can save them from theft. This year, fires occurred at once in the three largest museums of the country: the Pushkin Museum of Fine Arts, the State Tretyakov Gallery, and the Hermitage. In a number of museums, due to a server malfunction, the database of the archive of exhibits has been completely lost. CryptoArts is the key to preserving the identity of humanity and the world's richest heritage. It is important to note that on the basis of our blockchain technology we also create a community by uniting participants and experts from around the world. The dynamics of society needs the evolution of museums.»