All-in-a person answer will combine interferometry, automation and blockchain know-how to clear up centuries aged issue
Los Angeles, Nov. 17, 2020 (World NEWSWIRE) — CurrencyWorks Inc. (“CurrencyWorks” or the “Company”) (TSXV and OTCQB: CWRK), a publicly-traded corporation that builds and operates FinTech platforms for Electronic Currencies, Stability Tokens and Electronic Assets that decrease expenditures, maximize transactions in addition liquidity and drive consumer engagement, announced being chosen to produce a remedy that will improve the art sector by applying forensic and blockchain technologies to protect against artwork forgeries and fakes.
Truth (Forensic Artwork Certification Know-how) is a forensic assessment instrument using interferometer technological innovation and the blockchain to develop an immutable history of ownership, and verification that the piece of artwork gained is the artwork originally scanned. The interferometer can capture pictures with outstanding precision allowing the Truth technique to correctly confirm that an picture scanned is the exact same as the picture gained.
By applying forensic technological innovation and innovative imagining to the difficulty of artwork crime CurrencyWorks was chosen to build a patent pending all-in-a single answer for Authenticity Verification, Problem Reporting and Assortment Management. Leveraging technological advancements in Interferometry, Automation, and Blockchain Engineering, Truth gives a really secure item-oriented strategy to 1 of this centuries’ oldest issues.
Less than the conditions of the arrangement the bare minimum deal worth is US$500,000.00 and up to US$2M. This also contains achievable multi-calendar year operational assistance.
“Every calendar year, US$6B Black Marketplace for Art that the FBI estimates worth of artwork is bought all-around the planet – and an believed 20% of them are forgeries. Point works by using forensic science to validate the authenticity of initial is effective to sniff out fraud and put an close to the US$6B artwork forgery market,” stated Bruce Elliott, CurrencyWorks President.
Artwork crime is believed to be the 3rd best grossing criminal offense right after funds laundering and terrorist activities on the other hand, only a fraction of the methods are focused to stopping it relative to other crimes.
“This technological know-how will have the ability to validate art originality in each individual sector of the market,” mentioned Patricia Trompeter, Truth President. “We are enthusiastic to associate with the group at CurrencyWorks that has deep roots in producing blockchain answers to properly carry this to marketplace and assist us to revolutionize the world artwork world.”
CurrencyWorks Inc. (TSX: CWRK and OTCQB: CWRK) is a publicly-traded organization that builds and operates FinTech platforms for Digital Currencies, Security Tokens and Digital Belongings that lessen expenditures, raise transactions as well as liquidity and drive user engagement.
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Bruce Elliott, President
Mobile phone: 424-570-9446
Telephone: 424-570-9446 ext. 8
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