An innovation hub dedicated to the incubation and deployment of next generation technologies.
The Lab was launched in September 2017 through a joint partnership between Paddle8 and The Native SA, a Swiss based content marketing, technology and eCommerce services company with a depth of proprietary technological tools and systems. The initial focus was to design and deploy blockchain technologies for the art market by securitizing and digitizing the commodity and enhancing its seamless trading in the age of cryptocurrencies, with an eventual view towards expanding the offering of these technologies to other luxury collectibles.
Headquartered in Switzerland, the Lab has a dedicated executive team comprised of thought leaders and pioneers in the field of eCommerce, luxury and technology and a rapidly growing and dedicated talent pool of 84 developers and engineers.
Today, the Lab is proud to announce three of its major initiatives that have been under development for the last 10 months: In the coming months, the Lab will also be announcing a series of exciting deployments and partnerships in the fields of quantum cryptography and merchant payment processing and AI-based Natural Language Generation and Natural Language Processing for frictionless valuation and cataloguing of objects.
Blockchain “passportization” services for the consigners of art and collectible luxury items. The Art Object Passport contains the object’s universal ID, general description, image library, transaction history and Identity Pass (P8Pass). The P8Pass is a cryptographically protected “seal of approval” that can be only obtained as a result of a clearly defined verification process, accepted by the network participants. The P8Pass is an expression of consensus reached by the designated network participants in relation to the Object’s identity (origin) and ownership status. It also contains the hashed info allowing the verification of the originality of the Object versus possible copies.
Cryptocurrencies have created tremendous wealth for a new generation of digitally savvy investors. As part of its mission to make art and collecting more accessible, Paddle8 will open its doors to these online pioneers, by offering the acceptance of cryptocurrency payments for key auctions.
On August 18, 2018, Paddle8 will host the “BIDCOIN” auction to commemorate the ten year anniversary of the bitcoin. The auction will feature a collection of works related to currency by the likes of Warhol and Oldenburg. The auction will also introduce editorial content and curatorial perspectives from recognized authorities within the world of cryptocurrency.
If you would like to learn more about the projects we are working on, please get in touch.Message sent!