WHAT IS ART IDENTIFICATION STANDARD?
In a nutshell
A GOVERNANCE FRAMEWORK PRODUCING PROTOCOLES FOR THE CREATION AND SHARING OF UNIQUE IDENTIFIERS
AN IDENTIFIER DISTRIBUTED ON THE BLOCKCHAIN,
HENCE THE D+ID (DID)
AN OPEN (ACCESSIBLE BY ALL) DID, PARENT TO OTHER IDENTIFIERS
A LIGHT REGISTRY
(DID CREATORS, OBJECTS)
WITH LOOK-UP FEATURES
RECOMMENDED PROTOCOLS FOR VERIFIABLE CREDENTIALS (VC), SUCH AS FOR AUTHENTICATION AND PROVENANCE
TO HELP WITH
I systematically link my artist ID to my artworks' DID to assert their authentication and document my catalogue raisonné.
Once out of the studio, DIDs help boost my market credentials, track ARR and copyrights, and undermine fraudsters and thieves.
By tracking specific DIDs, I more easily monitor artists in demand and talked about, to flag as investment opportunities to my clients.
DIDs also allow for a swifter, more systematic, cost-efficient and dynamic collection management service.
Research materials linked to a given DID make it faster to locate them for a given artist or artwork.
Saved time allows me and my staff to expand the volume and depth of research, in turn enhancing our value proposition.
Our clients greatly appreciate the additional guarantee that DIDs bring. This further asserts their confidence in the artworks we select for them: they can track the direct filiation from the studio through the certificate of authenticity and the invoice.
And we are able to point to them all the publications related to an artwork and its context, including gated extracts from our archives, which they can then easily access online.
I love gradually building my collection. Once I set my sights on an artist or artwork, I make a point of conducting a thorough due diligence. DIDs have transformed my DD approach: faster, deeper, wider and much cheaper. I now feel more assertive in my acquisitions and have more time for exploring the art scene itself.
Icing on the cake: DIDs help me find and exchange with collectors who share the same passion for a given artist, period, style or medium.
At last we have a tool to smoothly connect our APIs to our technological partners' systems. DIDs bring much needed data fluidity across platforms.
For our clients, it means no more frustration when using different service providers: we all talk about the same artwork, without undermining the confidentiality of the owner, location or transaction price.
This enables us to focus on what we do best and to build meaning partnerships for what others do best.
I value my new digital platform: it assembles interoperable services all connected and talking about the same object.
It delivers fit-for-purpose and integrated solutions for protecting and enhancing each of my clients' collection specifics.
It also tracks collections' mark-to-market value and comparables thanks to industry indices based on my clients's portfolio DIDs.
When shipping artworks attached to DIDs, I minimise risks of confusion, increase transparency across the chain of handlers and reduce my insurance costs.
My conservation colleagues locate a wealth of untapped information about each artwork's fragility.
Our institution is generating new revenue streams by monetising our archives and condition reports.
DIDs have fundamentally increased trust in our market since we made them mandatory for transactions of material value.
They make it much easier for the art and wealth professionals to implement KYC and AML regulations.
DIDs also allow the interoperability of loss registers across territories thus ease the tracking of stolen, lost and sanctioned artefacts.