IOST x Grimm’s Antiques | IOST Drives Enterprise Adoption in Artwork Traceability and Anti-Fakes IOST Follow Jul 31, 2019 · 3 min read

Address: Sunlight Culture and Sport Center, №116, St. Guimiao, Nanshan District, SHenzhen.

Increasing traceability and reducing counterfeit products in the art world is a well-known blockchain technology adoption scenario. Today, IOST is excited to announce the strategic partnership with one of the largest Chinese antique collector — Grimm’s Antiques.

Located in central Shenzhen, Grimm’s Antiques houses a large collection of antiques from seven European countries and artworks crafted by Chinese artists, with value stretching into millions of dollars. Through IOST’s tracing technology, part of the collection’s certificates will be put on-chain, with a unique identification card for each piece on the IOST blockchain. Buyers can obtain the artwork’s certificate by scanning its ID to check information including price, description, pictures and the current owner. Every artwork will go through strict screening to ensure its authenticity before going on-chain.

IOST will also establish a foundation with the Grimm’s Antiques to give out token rewards to buyers. Buyers can win credits for buying artworks and the credits will also be recorded on IOST blockchain for earning IOST tokens.

Initiated by Jerry, the representative of an IOST Partner Node, this partnership with Grimm is part of IOST’s progression in enterprise blockchain adoption. IOST will work together with Jerry and his team in realizing more enterprise utility cases in the future. Jerry commented:

We have investment in different industries and artwork is only a starting point. We will continue to contribute to IOST’s mass adoption and integration with traditional industries, creating limitless possibilities together.

Enhanced tracing technology can not only ensure sellers’ interests, by figuring out the source and circulation of the item, but also optimize user experience by reassuring the buyers.

By improving public chain’s performance and security, the tracing technology can better ensure the practicability and authenticity of mass adoption. We believe that blockchain technology can bring about a more efficient and high-trust society by fighting and deterring counterfeit products.

Backed by advanced technology and multiple application scenarios, IOST strives to dispel the prejudice that blockchain technology is nothing more than a buzzword and has no practical utility. IOST does not only aim to become the industry benchmark, but also provide better services for industries, including asset tokenization and charitable work. With the assistance from partners like Jerry, IOST is believed to accelerate towards its goals!