WCT's Authenticity Traceability and Transaction Records in Art Trading
In art trading, the difficulty of authenticity verification and unclear transaction history are core pain points. WCT generates a unique digital fingerprint for artworks, recording creation information, exhibition records, and transaction vouchers on the blockchain. Buyers can verify the authenticity of artworks through on-chain information, and transactions are settled in WCT, with funds held in smart contracts released only after confirmation. After implementing WCT, a certain art auction platform saw a 90% decrease in counterfeit complaints, a 30% increase in transaction rates, and a 40% improvement in the efficiency of art circulation, providing technical support for the healthy development of the art market.