Christie’s to issue blockchain-based ownership certificates

Crypto wallet provider Kresus has partnered with Christie’s to bring blockchain technology to art ownership.

According to a press release shared with Crypto.news, as part of Christie’s photo auction “A Peek into the Truth: Photographs from the Collection of Ambassador Trevor Traina,” Kresus will issue digital Certificates of Ownership for more than 130 works of art.

Christie’s is one of the world’s leading auction houses, specializing in the sale of fine art, antiques, jewelery and collectibles.

Art ownership certificate via blockchain

This partnership involves using the Base blockchain developed by Coinbase to issue unique digital certificates for each piece of art sold. These certificates provide a secure way to verify ownership of artwork and track its history.

Recipients will have access to their certificates through the Kresus wallet, offering a modern alternative to traditional paper records. Blockchain is often used in crypto transactions, but in this case it provides an unalterable digital record of who owns each work of art.

For collectors, this means they have a secure, digital way to prove ownership, instead of paperwork that can easily be lost or forged.

Trevor Traina, founder of Kresus, emphasized that managing art collections can be complicated, but blockchain simplifies this process.

“As an art collector, I am well aware of the burden of managing and maintaining provenance and appropriate documentation (mostly in paper form and in filing cabinets). “This partnership with Christie’s is an example of how technology can enhance the collector experience and provide a secure, digital way to manage physical assets.”

Trevor Traina

The auction features works by famous photographers including Diane Arbus and Cindy Sherman, and Kresus’ blockchain certificates highlight how art ownership is evolving into the digital age.