How SmartStamp is Reimagining Art Authentication with AI, Blockchain, and Stamps from Post Liechtenstein


18 Sep 2023 7:04 AM

From Rolex to Picasso, luxury goods and art have reached unprecedented popularity in recent times. As of 2022, the global art market is estimated to be...

  • The global art market is valued at over $67 billion, while the luxury goods market is valued at $350 billion.
  • Counterfeit products have caused significant financial losses, with the fashion industry losing $47 billion in 2020.
  • Counterfeit art not only impacts market value but also erodes trust and diminishes historical significance.
  • SmartStamp, a Swiss startup, combines AI and blockchain to authenticate and verify artworks and luxury goods.
  • The mobile app allows users to create digital fingerprints of objects and store them on the blockchain for irrefutable proof of authenticity.
  • SmartStamp offers options for managing verified objects, including allowing only certain individuals or communities to verify art.
  • SmartStamp collaborates with Post Liechtenstein for art verification projects, including the creation of a SmartStamp fingerprint for physical postage stamps and the release of a physical-digital NFT stamp combination.

The article highlights the challenges of authenticity and provenance in the luxury goods and art market and presents SmartStamp as a solution using AI and blockchain technology. The sentiment is positive, emphasizing the benefits of SmartStamp in combating counterfeits and providing verifiable proof of authenticity.

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You May Ask

What is the estimated value of the global art market and the luxury goods market?How much did the fashion industry lose to fake products in 2020?What does SmartStamp offer to artists, galleries, and collectors?How does SmartStamp use blockchain technology to ensure authenticity?What are some examples of SmartStamp's collaborations in the art verification space?

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