The Collectible Market

There is a story which is often said about the collector's goods market. As this story is a very anecdote, there is no way to judge whether it is correct, but as a myth, it is enough to explain the general idea of ​​the 21st century. Several versions of the story, the most common versions are roughly as follows. A person enters a toy store and you can see that there are three (sometimes four) specific initial match box Volkswagen models in that shop. This guy knows that Matchbox produces only four (and sometimes five) models, and they are very precious.

Codex is an anonymous title - registration and trading contracts are designed to be the backbone of the $ 2 trillion art and collection market. A major problem in today's arts and goods market is that art collectors and investors do not receive central trademark registration when validating the effectiveness of products. There is a big rift in the market that leads to fraud, misunderstanding, and false alarms. In this white paper we mention an annual loss of $ 6 billion, including fraud schemes and counterfeiting of counterfeit goods, but if the origins of these assets are tracking immutable ledgers to force its legitimacy It can be avoided. In addition, by tagging these assets, we can further reduce the overall potential of the art and goods market, including easier global trading, better insurance capacity, mortgage for these assets, and many other uses You can clarify.

Unlike all other large asset classes, there is no title registration in the art and goods market. This is problematic as it not only buys, sells, securitizes, insurances and mortgages the asset class, but also hinders the ability to prevent fraudsters. Prior to that, it was impossible to reliably protect information, it was neutral and inexplicable, so it was impossible to establish a central registry of the true value of work. This is quite problematic as most of the value of art is related to its origin (ownership) and credibility. The Codex Protocol team wants to solve this problem, the answer is the block chain.

In the past, in order to understand the market value of the products that they were purchasing and trying to resell, it took years of experience to succeed with the collections. Access to the collection market is difficult because the vintage collection not only has many different kinds of collections but also needs to learn the market against professionals and long-term enthusiasts. Please enter Market Internet. More specifically - the application. Apps that can be downloaded and carried on a mobile phone will change the world in countless ways. Collector's goods market is no exception (in fact it may be one of the most affected industries). Well, with some clever search, almost anyone can understand the value of the project.