The Great Lakes Science Center in Cleveland, Ohio has become the third museum in the US to accept bitcoin as payment, as of Tuesday, November 13, 2018. Museum of the Coastal Bend in Texas and the St. Petersburg Museum of History in Florida are already accepting crypto payments.
According to Great Lakes Science Center’s President and CEO Kirsten Ellenbogen, accepting crypto payments “is just a small part of the momentum to grow the blockchain ecosystem in Cleveland.” Cleveland is also hosting the inaugural four-day event called the Blockland Solutions Conference in December.
This development comes as heartening news amidst despondency in crypto pioneers like Jeff Garzik’s recent comments, in which he said that contrary to Satoshi Nakamoto’s vision of making bitcoin a decentralized payment system for everyday transactions, it has become more a store of value, an investment asset. Jeff Garzik is the third biggest contributor to bitcoin’s code and is reportedly one of Nakamoto’s key collaborators.
However, traditional markets that were mired in trust and authenticity issues as also with the absence of a robust, safe and secure payment system, are discovering the potential and real-world applicability of blockchain technology and cryptocurrencies to address their long-standing problems. The international art market, for instance, one of the most secretive and money-intensive sectors, is waking up to a new era of transparency and “trustlessness.” By using blockchain technology, it can verify IP rights, the journey of the artwork and process large payments through crypto assets without the need to move astronomical amounts of money via a potentially insecure channel.
The Art Stage Singapore, the biggest art fair in the country, adopted a crypto payment system in its January edition this year. Four paintings were bought using digital assets. Traditional art galleries, like the Whitestone Gallery in Hong Kong will run an ICO to raise capital for its expansion.
To bring artists and collectors in a single all-inclusive ecosystem, Dragon Art is creating a unique platform that allows artists from different genres to tell their stories. Using cutting edge Dragon blockchain solutions, it is transforming traditional remittance services. The Dragon Art platform also provides a modern day, secure method of purchasing high quality art and entertainment.
By providing a holistic ecosystem that provides a platform for artists and collectors alike, Dragon is moving forward with Satoshi Nakamoto’s original vision of making cryptocurrencies a truly revolutionary mode of payment that will transform everyday living.