The collectables market has changed greatly since the introduction of digital platforms such as eBay. As a result, keeping pace in fields where authenticity is important has become increasingly difficult. Collectable products gain value from their scarcity and the cultural practices within the collector community. In a space where trade between users is just as important as retail purchases, authenticating a stranger’s possessions and establishing trust between buyers and sellers is essential.
Through extensive consultation with collector communities the research proposes a new application that uses Blockchain technology to determine the authenticity of popular collectables called ‘Funko Pop vinyls’. The Blockchain ensures a permanent record can be maintained for each collectable, and by using the proposed ‘Vinyl Chain’ app collectors can authenticate products within the collectables market and have greater confidence when trading with fellow collectors.