Headline August 07, 2018/ '' 'BLOCKCHAIN -STUDENTS- BOULEVARD' "

'' 'BLOCKCHAIN 

- STUDENTS - 

BOULEVARD' "

'' QUIET AND QUIET. PLEASE, ''.............

Now,..... Merium, Rabo, Haleema, Saima, Dee, Zainab, Seher, Emaan, Armeen,  Hussain, Shahazaib, Jordan, Vishnu, Salar, Bilal, Haider, Abdullah..........

Where is The World Student Society on *Research and Mastery of the Blockchain technology?*

I have mastered it and keep teaching Hussain and now if you all don't go about rolling up your sleeves and burning the midnight oil, how then are we going to teach the students and then the world.

Here then, just read and see and at times discern, some New Junctures for art and technology. A clearer picture of what blockchain can [and can't] do for the market.

HOW DOES ONE INVEST IN ART without going through the complications of buying and owning an actual artwork?

This is the question behind financial products for investors attracted by soaring art prices but intimidated by the complexity and opacity of the market. It is why art funds were all the rage in the early 2000s, and why new variations continue to emerge.

At the same time, entrepreneurs are trying to iron out the archaic inefficiencies of the art world with new types of financial products, particularly the secure ledgers of blockchain.

While the technology is best known as the basis of cryptocurrencies like Bitcoin, its promise of transparency could transform sectors like banking and insurance and, some say, art.

''MORE TRANSPARENCY equals more trust, more trusts equal more transactions equals stronger markets,'' Anne Bracegirdle, a specialist in the photographs of department at Christie's, said on July 17 at the auction house's first Art & Tech Summit, dedicated to exploring the blockchain.

According to Ms. Bracegirdle, blockchain's decentralised record-keeping could create a ''more welcoming art ecosystem'' in which collectors and professionals routinely verify the authenticity, provenance and ownership of artworks on an industrywide registry securely situated in the cloud.

Here was one of the more utopian visions put forward by the roughly 30 panelists at Christie's daylong conference, however. There was plenty of skepticism on offer.

Sebastian Genco, a blockchain specialist at the auditing and financial services company Deloitte, said the percentage of global investment in this technology that related to art represented ''almost nothing.''

Mr. Genco in hi stalk at the Christie's event, titled : "WHY THE ART WORLD WASN'T READY FOR BLOCKCHAIN," cited the art world's-

Slow embrace of technology, limited collaboration, lack of trust in a process that is not fully understood, and costs as some of the reasons blockchain had yet to have a significant impact on the art trade.

But that could change, he said, ''We just need to educate people.''

As the Christie's event progressed, a clearer picture emerged of what blockchain could and could not [yet] do for the art world.

The technology's potential for verifying provenance, authenticity and ownership was widely cited by speakers and attendees.

''I see the benefit for my clients in terms of reliability of information,'' said Harco van den Oever, chief executive of  Overstone, a London-based company providing specialist services to banks that issue art-secured loans. 'Blockchain is a secure database. I can't rely on a piece of paper."

And blockchain has already proved to be a game-changer in one one important area of growth, according to those at the Christie's event : art in digital forms.

The Honor and Serving of the Latest Global Operational Research on Technologies and Progress continues. The World Students Society thanks author and researcher Scott Reyburn.

With respectful dedication to the Students, Professors and Teachers of the world. See Ya all register  on The World Students Society : wssciw.blogspot.com   -for every subject in the world and Twitter - !E-WOW!- the Ecosystem 2011:

''Transparency & Transitions'''

Good Night and God Bless

SAM Daily Times - the Voice of the Voiceless