The growth of new technologies such as blockchain will lead to a ‘fairer and more ethical’ art market, says The Design and Artists Copyright Society (DACS).
DACS chief executive Gilane Tawadros predicts the future use of blockchain – effectively an online public ledger of payments and transactions that is nearly impossible to hack or forge – will help prevent illicit sales of artworks and ensure Artist’s Resale Right (ARR) dues are paid.
She told ATG: “It will help regulate the art market and open the door to create a fair market with a set of ethical protocols and standards.”