Codex Protocol — Mark Lurie, CEO — A Decentralized Title Registry For The Art And Collectibles Asset Class
Finding Genius Podcast
Richard Jacobs
4.4 • 1K Ratings
🗓️ 6 February 2018
⏱️ 12 minutes
🧾️ Download transcript
Summary
The art and collectibles asset class includes fine art, jewelry, fine wines, watches, collectible cars, and more, and is estimated to be worth $6 trillion globally. However, there is no recognized system of verifying ownership and transactions, which is one of the major drivers of authenticity and value.
Codex Protocol hopes to change that by creating a decentralized title registry for this asset class. Codex will pull the provenance, the history of an item's ownership and transactions–onto the blockchain, and will then allow others to build applications on top of their protocol. The first app to be built is Biddable, which allows users to register and bid anonymously at auction houses around the world, and pay in cryptocurrency.
At their launch, they will have over 5000 auction houses worldwide available for users to register through on Day 1, which solves the large problem of auction houses having to turn away potential bidders because they either can't or won't provide their financial disclosures, and will ultimately allow more people to get involved in auctions.
Mark also discusses what he sees as the future of Codex Protocol, the other types of applications that can be built with their technology, and how it will change the art and collectibles asset class.
For more information, visit www.codexprotocol.com.
Transcript
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| 0:00.0 | The Bitcoin, Ethereum, and Blockchain Super Conference is coming to Dallas, Texas, February 16, 17, and 18 in 2018. |
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| 0:45.4 | Welcome to Almost Here, Round the Corner of Future Technology Podcasts with Richard Jacobs. |
| 0:51.7 | Future Technologies always to transform our lives for better or worse |
| 0:55.3 | for the focus of this podcast. Almost here means these technologies are now here and starting to be |
| 1:01.1 | used or just around the corner. From Bitcoin to artificial intelligence, 3D printing, blockchain, |
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| 1:18.5 | Chris Amsler with Future Tech Podcast. Today I have Mark Lurie, Kodak's Protocol, the decentralized registry for art and collectibles asset class. How you doing, Mark? I'm doing well. Thanks for |
| 1:23.9 | having me today. Thanks for being here. Tell us about yourself and some background on this project. |
| 1:29.9 | Sure. |
| 1:30.5 | So my name is Mark Lurie. |
| 1:32.7 | I previously founded and sold an online marketplace for fine art and collectibles and ran that for about five years. |
| 1:41.8 | And sold it about a year ago and decided to learn about blockchain. |
| 1:47.9 | And very quickly realized there's some really deep and longstanding problems in the art |
| 1:51.9 | and collectibles market that they can be solved by the application of blockchain. |
| 1:56.0 | And so that was the genesis of this project Codex, which I'm excited to tell you about. |
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