The Future of Owning a Masterpiece

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For most people, 2020 will be remembered as a year of change. We changed the way we work, shop, travel and interact.  We noticed that clumping people, functions, almost anything too close together can be detrimental. A centralized system offers any virus (biological or digital) an easy target. The remedy to this is decentralization.  Working from home is nothing but a decentralized office. Ordering food is a decentralized restaurant. Zoom is a decentralized meeting room.

This trend is possible, because of new and digital technology. Digital is the glue that “holds the office together” when we work from home. “Digital” connects the kitchen of the restaurant to your table at home, when you order food from your mobile phone. Digital is the key to decentralization.

 

The safest way to communicate digitally today is through the blockchain. 

 

On the “regular internet” people can publish fake information or even lie. A product you order online might actually turn out to be fake. This is because the regular internet is built on “trust”. You “trust” that the product you ordered online is real. You “trust” that the room you rented exists. But sometimes, this “blind trust” doesn’t live up to what you hoped for: it turns out you’d been tricked. On the blockchain, lies don’t work! Cheating is simply impossible on the blockchain. The blockchain is based on a strict and immutable law: “Don’t trust – verify”.

 

Verification is much more reliable than trust.  That’s why 2020 is becoming the year of decentralized finance.

 

Decentralized finance means that you do not need a bank to give you “centralized trust”. Instead of the bank, decentralized finance uses the transparency of the blockchain to verify every step, usually taken by a bank to offer “trusted transactions”.

> Person “A” can ask “everybody” on the blockchain to “give him/her a loan”. 

> Everybody on the blockchain sees (and verifies) that person “B” agrees to do so.

> Everybody is aware of (and verifies) the transaction when the money flows from “B” to “A”.

> Everybody sees and verifies when the loan is paid back.

Who is “everybody”? Well in the case of blockchain, millions and millions of computers all over the world. If you want to steal that money, you can’t simply break into just one safe of a centralized bank. You would need to be able break into millions and millions of decentralized safes all over the world – at the same time! This is decentralized finance. See also 

 

pARTicipart is decentralized ownership

 

pARTicipart is not decentralized finance (like DeFi) , decentralized work (like home office/Zoom) or decentralized restaurants (like Uber eats). We enable you to obtain “decentralized ownership”.

We use the same ultra-secure decentralized verification-based technology used in the highest level of secure transactions (like decentralized finance). You do not need to trust us, but can “verify”.  Every step is safely and transparently secured and verified on the blockchain.  From the authenticity of the masterpieces, to the ownership of your pARTicle. All secured on millions of computers. And it doesn’t stop here. 

Decentralized ownership also means that YOU DIRECTLY OWN your part of the masterpiece. There is no “central management” that decides for you. Your pARTicle secures “DIRECT OWNERSHIP” and you as an owner can decide!

Only THE POOL OF OWNERS votes on what happens next. Just like in the direct democracy of Liechtenstein. See also

Image Source: Tate Gallery

 

The future is decentralized. We are happy to be a pART of it!

 

 

 

 

 

 

 

 

 

 

 

 

 

Comment ( 5 )

  • Fin-Tech

    Very smart to move the principles of DeFi to ownership! Well done pARTicipart!
    When will I be able to invest?

    • Thanks Fin-Tech for your question. You will be able to start investing this autumn. Currently we are working on an October kick off with a truly great, special offer! Stay tuned!

  • Moscow-123

    Part ownership of art! Great Idea!
    Will I be able to invest for Russia?

    • Hello Moscow-123

      Yes, pARTicipart operates globally.
      You can invest in our masterpieces from all over world.
      Great new for anybody from Russia: we are working on a Russian version of our website!

  • Lui Yang 888

    Very interesting!

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