Digitally authenticating artwork to prevent forgery and fraud
The idea is to develop a digital platform that uses advanced technologies like blockchain and AI to verify the authenticity of artwork, preventing forgery and fraud. This platform would provide a secure and transparent way for art collectors, galleries, and buyers to ensure the legitimacy of art pieces. Market size: According to a report by ArtTactic, the global art market was valued at $67.4 billion in 2018.