Industry committee  It's a great question. There are a couple of parts to it. I'm going to address the first part regarding the privacy of the buyer. There is a new concept called “zero knowledge proof”. It's pretty mathematical, so I won't get into the details. Essentially, it allows someone to v

Industry committee  Again, all this would depend on how the registry is used. These are some of the commercial questions still being asked and not fully answered. This system would work great if all of these sales are done online or through the registry, but—

Industry committee  Sure.

Industry committee  That's a really good question, sir. Right now, public blockchains such as Bitcoin and Ethereum have all had scalability issues. They're the most secure blockchains out there right now, because they've been tested over years, but they do have scalability issues. Some of the enter

Industry committee  That would really depend on what kind of blockchain you design in the first place. Again, blockchain is more of a methodology than a technology. It's being used in different ways. Like I said, there are different platforms and other technologies, and they're still evolving. Right

Industry committee  I'll give you an example. This is just an approach. It's not the exact solution. In an indigenous art registry, it's decentralized in that it doesn't have one owner, but it could have dozens of owners. Every nation, every tribe, could have an ownership stake and they would each—I

Industry committee  That's a great question. Bitcoin, as I mentioned in my presentation, is a public blockchain. One of the advantages of Bitcoin is its transparency. It's public. Any one of us could go and look at every block that's ever been created on Bitcoin and you can see every transaction

Industry committee  I would say, from a technology standpoint, that we can absolutely start to build the technology for an indigenous art registry right now. There are certain other factors beyond legislation that such a registry could help. One of the key attributes of such a registry would be pro

Industry committee  Sure. Now that we've covered what blockchain is, I'll talk about some of its uses to empower artists. Jacqueline O’Neill, executive director at Blockchain Art Collective, pretty much says that resale rights don't exist in North America for artists. Specifically, as Mr. Belcour

Industry committee  Thank you very much, Mr. Chair. My name is Johnny Blackfield. I'm appearing here today as a certified blockchain professional. My goal is to reiterate what Mr. Belcourt just mentioned about using blockchain for an indigenous art registry. My goal today is to tell you a bit abou