BLOCKCHAIN-BASED MUSEUM ASSET MANAGEMENT SYSTEM

Abstract

The development of Blockchain technology has been game-changing for various stakeholders across technological, financial, and business fields. The new technology has shown the massive potential that allows for its use in a variety of businesses. Blockchain technology refers to a type of record-keeping technology that makes use of “blocks” or information in digital form that is then connected through “chains” to public databases. These chains will then create a network that is decentralized and eliminates the need to have a third-party trustee, as all the information stored may be publicly verified. An additional feature of block chain is the ability to enforce “smart contracts,” which are terms coded into the Blockchain that can execute themselves when specific conditions are met. This guarantees that while accessing information from the Blockchain, it is confirmed that the data has not been changed. Blockchain technology can be used on some systems within the museum industry in need of renovations, whether that’s in regard to ease of use, accuracy, or accessibility. Block chain would be the key that brings both historic and modern institutions into the modern age. Given the continuous development and application of Blockchain technology as witnessed in world trends, the academic and commercial circles are actively exploring the research directions and practical application of Blockchain to develop cryptocurrency and other applications where the Blockchain has already played its advantage. The thesis will thus seek to establish how Blockchain technology can be used to implement a museum asset management system to preserve artifacts through an investigative study. This paper will primarily focus on research that has been conducted on Blockchain technology and its applications to the field of artifacts property, analysis of the academic research and the commercial applications that have been carried out in this regard, and suggest a new feasible solution towards the research and development of the Blockchain technology.