The success of Mediachain depends in large part on getting a lot of people to use it. For far, it’s secured some big partners—MoMA, Getty Images, and the Digital Public Library of America are all on board—but their next big step after securing funding is building relationships with more institutions and companies. That’s been a challenge—especially with art institutions that are reticent to even digitize their collections.
But Mediachain could solve that problem, too. “If a museum puts an image of an artwork online, it goes out all across the Internet and [museums] don’t know where it’s going without metrics or analytics,” says Nazarov. “One of the promises of Mediachain is it could enable you to know. We see it as enabling these institutions so they’re less afraid of opening their data. They could see open data as a business advantage to drive new types of engagement and interactions with collections and their organization.”