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There are several aspects to this. For basically provable immutability + decentralized you could build something on top of ipfs. For provenance (time-stamps and
by Vetch 5y ago
There are several aspects to this. For basically provable immutability + decentralized you could build something on top of ipfs. For provenance (time-stamps and proof of transaction) but also practically tamper proof+decentralized+permission-less then a blockchain is necessary.
That still leaves authenticity, which necessarily runs on trust and reputation. Although you can mechanize and formalize many aspects of reputation, I do not follow the crypto/web3 scene close enough to know the practical aspects of this (my interest are in distributed systems and malicious actor resistant decentralized permission-less systems).
I'd say the reason why people can't just spin up new certifiers is the reputation aspect. With regards to art, people aren't necessarily trading copyright or items but basically a right to brag via verifiable certificates which claim links to origins or creators of some piece.
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EDIT: This is a neutral observation on the unique technical properties of a solution concept not a defense of it. The necessity of storing logs on open/permission-less (no PKI setup) networks, which the provenance aspect runs on, can be argued. But once chosen, there are formal limitations (such as bounds on byzantine agreement and limits on asynchronous deterministic consensus) which force to a particular space of solutions ("blockchains"). The social aspect of status goods and signaling (which I've never understood) or the speculative bubble driver of participation are not commented on.
- almostkorean 5y agoThe authenticity part is straight forward: if token was minted from contract X then it is the real deal. This can be an issue for brand new projects. Bad actors will duplicate it and list at low prices. Most users are savvy enough to only use links from a trusted source. Marketplaces also whitelist the real contract (and show warnings for unverified contracts). You can also look at the contract deployers wallet history to help determine if it is legit. IMO it’s easier to prove authenticity for NFTs than most stuff