Q - What problems does the Thomas Crown Art “smART Contract” solve?
A – The Thomas Crown Art “smART Contract” provides an immutable Proof of Provenance for works of art. Any artwork registered using the system can be verified quickly and easily on the blockchain to confirm the authenticity, and effectively provides a mechanism to use the artwork as a store of value by walletising the artwork itself using custom Ethereum Smart Contracts
Q – What are the benefits of the Thomas Crown Art smART Contract for Artists?
A – Artists are able to control and prove exactly how many pieces of art they have produced with permanent detailed records of every individual piece stored on the blockchain. The recorded details for each piece can be checked and verified by anyone using the Thomas Crown Art DApp Provenance checker function, or independently using a blockchain explorer such as etherscan.io
Q – Which details are recorded about the artwork?
A – The following details are permanently recorded on the blockchain for all Thomas Crown Art smART Contract enabled artwork
Q – How do I verify the artwork and check the artwork details?
A – The easiest way to verify the artwork and view the details about the piece is using the provenance checking function as demonstrated in the following video:
Q – What are the benefits of the Thomas Crown Art smART Contract for Art Buyers?
A – Art Buyers are able to verify and authenticate the provenance of the artwork independently either using the Thomas Crown Art DApp Provenance Checker function or using a blockchain explorer such as etherscan.io
Q – What are the benefits of the Thomas Crown smART Contract for Artwork Owners?
A – Owners of smART Contract enabled Artwork are able to use the artwork to store cryptocurrency. Transferring funds to the artwork can be performed by anyone simply by transferring funds to the artwork wallet address using the artwork public key or scanning the QR code Plaque
Q – What are the benefits of the Thomas Crown smART Contract for Art Galleries/Exhibitors?
A – Galleries and exhibitors of smART Contract enabled art are able to attract public donations directly to the artwork wallet in addition to the full details about the work in the form of an immutable proof of provenance for each piece of artwork on display
Q – What are the benefits of the Thomas Crown smART Contract for Cryptocurrency Enthusiasts?
A – Thomas Crown smArt Contract enabled artwork provides a novel yet secure way to store cryptocurrency beyond the traditional paper or hardware wallet. Funds can be added by anyone at any time and funds held on the artwork can only be withdrawn by the artwork Owner to the Owners private wallet.
Q – How long are the Proof of Provenance records stored on the blockchain?
A – Provenance records are permanently written to the blockchain and retrievable at any time either through the Thomas Crown Art custom DApp Check Provenance function, or independently using an Ethereum blockchain explorer such as etherscan.io. Provided the blockchain exists, theoretically it would be possible to verify artwork details 100 years or more from now with a blockchain explorer and the public address of the artwork
Q – Why do Owner functions require using Metamask?
A – Owner specific functions are for transferring artwork ownership and/or withdrawing funds from the artwork to the artwork Owners wallet. Metamask is required as a secure method to “sign” the transaction and write the changes to the artworks smART Contract and subsequently update the record on the blockchain. The option to destroy the Provenance Certificate for the artwork is also available for Owners. (This is an irreversible action and renders the Proof of Provenance as permanently invalid)
Q – What happens if the artwork, Provenance Certificate and QR Code Plaques are copied?
A – Whilst it’s perfectly plausible to copy the artwork, certificate and QR plaque, the copies are essentially useless because they would have no private keys. Without the private keys the artwork cannot be transferred, nor can funds be withdrawn from the art, and the Owner would be unable to perform any transactions from the artwork to prove ownership
Q – What happens if the artwork is stolen?
A – Provided the private keys are not compromised, funds stored on the artwork are still accessible by the artwork Owner using the Thomas Crown Art DApp. The legitimate Owner also has the ability to destroy the Provenance Certificate for the artwork making it difficult for the thief to resell the piece with no way to prove provenance or ownership
Q – How can Artists apply to use the smART Contract service?
A – Artists can apply to use the Thomas Crown Art smART Contract service by submitting their details via our contact page here
Q – Where can I see Thomas Crown Art smArt Contract enabled artworks on display in physical form?
A – A selection of smART Contract artwork can be seen on display at:
16 Gibb Square
Q – Can I purchase smART Contract enabled artwork online?
A – Artworks can be bought online directly from https://thomascrown.art and will be dispatched directly to you.
Q – How can I purchase a piece of smART Contract enabled art as a gift?
A – Buying smART Contract enabled art as a gift for someone else is simple and straightforward. All artwork is supplied with the Provenance Certificate, a QR code plaque and an EtherCard which are all created by the Thomas Crown Art Certificate Generator in production. The Artwork, Certificate and Plaque are dispatched to the recipient with an EtherCard containing the private key.
Q - What materials and mediums are used by the Artists for original artworks? (Example "oil on canvas" or "acrylic on board")
A - Details of materials and mediums used by the Artist are displayed on their respective artwork listing page on Thomas Crown Art. The details are also written to the blockchain as part of the permanent record for each piece of art when the smART Contracts are generated
Q - How can I independently verify a certificate using a blockchain explorer?
A - Go to the etherscan page for the certificate you are checking and then clock on the “internal transactions” tab.
The very first transaction in the list should be a “contract creation” and the “from” address that sent the transaction should be 0x6C8d658Dce5aB0Abf3E20e03f5cCF94cCA38Ed5b. This is the address of the smART Certificate Generator contract. This value should match exactly with the address shown in the “Creator” field in your certificate smart contract.
This can be checked using the Thomas Crown Art Provenance Checker or indeed by using an independent tool such as myetherwallet.
When using an independent you will need to obtain the Certificate ABI which can be downloaded from the Ownership function inside the Thomas Crown Art DApp, then navigate to myetherwallet > https://www.myetherwallet.com/#contracts
In the contracts tab, add the Certificate’s Unique ID into the Contract address field, and then paste the ABI into the ABI/JSON interface field and click ACCESS.
You can then choose the creator from the dropdown list. This should also be 0x6C8d658Dce5aB0Abf3E20e03f5cCF94cCA38Ed5b
If both values match you can be confident the certificate is genuine.
Questions & Answers About Prints
Q - How are the original artworks scanned to create limited edition print versions?
A - Original smART artworks produced on mixed media or traditional oil on canvas are carefully scanned using arguably the best large format table scanner on the market - the Synchron Table 4 courtesy of Cruse Spezialmaschinen GmbH. These high quality scanners are used by the John Paul Getty Museum (USA), Victoria and Albert Museum (GB) & The National Archives Service of Finland (FIN)
Q - What are the limited edition prints printed on?
A - All prints are produced as Giclée's (pronounced 'Zhee-Clay') on Hahnemühle German Etching Paper (310gsm) to ensuring the highest industry standards of density, color gamut, color graduation, and image sharpness, while preserving the special touch and feel of genuine art paper
Q - How are limited edition prints identified as being limited editions?
A - All limited edition prints are personally signed by the artist in the bottom right corner of the artwork. The limited edition number is also added by the artist in the bottom left corner of the artwork.
Questions & Answers About Transferring Cryptocurrency to Artwork
Q - How do you transfer cryptocurrency to artwork using MyEtherWallet?
A - See the video walk through below demonstrating a transfer of cryptocurrency to a piece of smART enabled artwork:
Q - Can cryptocurrency be transferred from Coinbase to the artwork?
A - Coinbase can be used to send funds to smART enabled artwork - see the walk-though video below demonstrating the process:
Q - How do I set up a Coinbase account?
A - A detailed video walk-through demonstrating how to set up a Coinbase account can be seen in this article - including referral link that will earn you $10 worth of Bitcoin.
Q - How do you transfer funds to artwork from a Jaxx Wallet?
A - A detailed video walk-through demonstrating how to send funds to artwork can be seen in the following video: