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Artwork circulation and Blockchain: a legal overview

Artwork circulation and Blockchain:
a legal overview

di
Chiara Iorio

Università degli Studi di Macerata

 

SOMMARIO:

  1. Introduction
  2. Blockchain and smart contracts: a general framework
  3. Art and blockchain: perspectives and issues
  4. Blockchain: a reliable system for artwork circulation;                                                                                      4.1 The blockchain air gap;                                                                                                                                  4.2 The applicable remedies
  5. Non fungible token: a controversial legal nature;
    5.1 NFTs and Copyright
  6. The new frontiers: crypto-art and tokenization of a cultural asset
  7. Conclusion: law and technology

ABSTRACT: Among the many sectors using shared ledgers, that of art appears to gain relevance. The present essay gives a general overview of the relevant technologies and aims at putting artwork trading through a distributed ledger into a legal framework. In the first part, Blockchain as a reliable system for artwork circulation will be analyzed. The second part will deal with the legal classification of NFTs and the most relevant issues related to the new frontiers of crypto-art.

 

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