13th December 2023 Digital Bytes

Auction houses embracing blockchain technology and digital assets - centuries old auction houses are embracing blockchain and digital assets, whereby safeguarding art's authenticity and enabling shared ownership through smart contracts and fractional ownership. The oldest houses, such as Christie’s, Sotheby’s and Phillips, lead this digital revolution and are redefining art's value and experience in the digital age. But could blockchain-powered platforms themselves disintermediate the auction houses and create new digital marketplaces that function globally 24/7?

Integration of blockchain and high storage applications - blockchain technology's integration into high-storage applications seeks to tackle centralization issues in data systems, yet its suitability for massive data handling remains uncertain. Challenges in scalability persist, hence prompting exploration of solutions such as layer-two scaling, decentralized storage and sharding. Blockchain readiness for high-storage hinges o…