Throughout the history, tens of civilizations have been established and many artifacts bearing the traces of the rich cultures of those civilizations have reached our times.
These antiquities, bearing historical as well as artistic values, have always been the center of attention for art enthusiasts and collectors.
The biggest problem in the art and collectibles market, which has reached a volume of approximately 2 trillion dollars, is the lack of trust. One of the main reasons of this problem has been the absence of an organized central system that would be able to provide reliable and detailed information about the origin and authenticity, in other words, the provenance or the history of the item.
Having identified the problem, The Codex Protocol developed a unique approach that allows registering origin, value, and authenticity of artifacts securely without compromising the privacy of the owners. The Codex Protocol aims to create a decentralized registration infrastructure enriched with cryptographic values, taking advantage of the tremendous opportunities offered by next-generation block-chain technology for arts and collectibles. What I like most about the Codex protocol is the fact that it is supported by a strong industry consortium. With Codex Protocol’s decentralized title registry for art and collectibles buying art and collectibles will be easy.
When this system is established as aspired, the artwork owners will both securely register their ownership of art and collectibles and also use them as collateral to secure credits. While Codex Platform can be used at any stage for ownership registration, it will not be possible to see the information of the bidder or the owner who wants to keep his or her identity secret in the process. The transfer of ownership can be seen as open to the public and the new buyer will be given a certain reinsurance.
The Codex Platform, aiming to provide a global service to the artists, collectors and auction houses, has agreed with AmaZix, a highly successful and corporate company in the field for a productive ICO. I believe that AmaZix’s highly competent professional team will significantly contribute to the promotion campaign of the Codex Protocol.