How technologies help art markets to become transparent: ARTSTAQ case
ARTSTAQ - it's a platform, that provides automated ratings, real-time trading and art quotation. It collects data from the primary market, and it is used for financial support of galleries and help artists to represent themselves. The algorithm of rating helps independent curators and experts to see information about art products in broad context and free from manipulations. Moreover, its Exchange model assists different financial structures, for example, banks, through the online system, so they can confidently work with the art market.
The startups such as ARTSTAQ have social influence because it can be the platform for communication and collaboration for all the participants of art business even if they had opposing interests.