Cryptocurrencies including bitcoin are increasingly used to buy art. Blockchain, the technology underlying them, also interests the art world. Illustration: Henry Wong

Buying art with bitcoin, authenticating it with blockchain – art world cottons on to cryptocurrencies

The art world sees trading art using cryptocurrencies as a way to draw in tech-savvy new collectors, and blockchain both as a way to guarantee artworks’ provenance and sellers’ ownership of them, and to raise funds from investors

Topic | Bitcoin

Enid Tsui

Published: 8:33am, 9 May, 2018

Updated: 10:22pm, 9 May, 2018

Cryptocurrencies including bitcoin are increasingly used to buy art. Blockchain, the technology underlying them, also interests the art world. Illustration: Henry Wong

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Enid Tsui

Enid joined the SCMP as senior culture writer in 2015 after many years of covering business and politics in Hong Kong and London. She edited and wrote for the Financial Times and the Nikkei Asian Review, presented on RTHK Radio 3, and launched the Economist Group's first Chinese-language publication, CFO China.