Time Stamp and Immutability as Key Factors for the Application of Blockchain in the Cultural Sector

Abstract

In recent years, blockchain, a new and potentially disruptive technology, has come to the fore. Despite its widespread use in several fields, it is in the cultural sector that it can offer numerous advantages. The implementation of a blockchain system could make the traditional art market less opaque by recording data on an encrypted and immutable register, and its use could also improve the circulation of works of art, encourage their collection, and promote a new form of ownership. This chapter highlights the features of blockchain that make it suitable for the management and enhancement of cultural heritage, considering the different fields of application as well as the way in which it can be integrated to support the sale and management of cultural assets and to develop new business models for cultural and creative firms.

Phygital as a Lever for Value Propositions in Italian Cultural Tourism Startups

“…From the perspective of the public and the community, the implementation of a phygital approach enables greater access to and knowledge of the world's artistic heritage, paving the way for the democratization of art, thanks to tools such as NFTs [62], and for more sustainable development [63], which can also preserve monuments and sites that are at risk due to serious international crises or excessive tourist flows. Several of the analysed case studies also show how the use of heritage-related hybrid technologies can foster the participation of the surrounding community in value co-creation processes, demonstrating the potential of collaborative technology to enrich urban life.…”