Blockchain in ticketing

You really want to go to a concert. Ticket scalpers systematically buy large numbers of sport and entertainment event tickets with the sole aim of reselling them at a high profit above the initial purchase price. In a bid to stamp out middlemen that seek to profit from tickets resale of live events and concerts— ticketing platform Yellowheart announced the launch of non-fungible token NFT ticketing mobile application YellowHeart Wallet, which eliminates the need for a physical ticket and connects users directly to its Ethereum-based NFT ticketing platform and marketplace. Blockchain technology, in particular, is being leveraged as a solution to deliver digital tickets, special offers, updates, and more to event-goers. The benefit of using Blockchain and NFTs for ticketing is that it allows event organisers to keep track of the tickets even after the tickets are sold. This means each ticket is securely linked to its respective buyer, and these transactions are stored in the Blockchain database.

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WATCH RELATED VIDEO: How to make sure your e-tickets aren't fake thanks to Blockchain

Ticket Fraud: Is Blockchain the Future of Ticketing?

Sacramento, Calif. A select fans with tickets to the NBA Summer League games, set to take place August 3 and 4 at Golden 1 Center, will have the opportunity to test this unique experience and receive digital art commemorating the games. This is the future of sports, entertainment, media and all experiential business.

With this technology, the event never ends and the memories live on forever. Select ticketed fans will be contacted to claim their Smart Ticket NFT Experience Pass, which will then be loaded into their mobile digital wallets with funds towards food and beverage and a limited edition digital NFT animation of the California Classic poster design.

Last week the team launched a digital collection of 85 NFTs depicting the commemorative pin given out in the Kings inaugural season in Sacramento and featuring exclusive experiences including Opening Night tickets.

Fans can purchase 84 of these NFTs and have been able to bid on one rare and innovative NFT with an on-chain customizable jersey banner.

The auction for this rare NFT concludes today. Skip to main content. Posted: Jul 26, Facebook Twitter. You may also like Press Release. Guaranteed Speed. Replay Play Next. Link copied to clipboard.

This Ticket Platform Will Use Blockchain for FIFA World Cup 2018 to Deter Scalping

Blockchain technology has been one of the hottest buzzwords on the planet in recent years, and for good reason. It has already revolutionized the currency market, and creative upstart companies are finding more and more applications for the emerging technology in industries further afield. There are blockchain video game markets like Robot Cache, which are revolutionising the concept of media ownership in the digital age. There are cryptocurrency market apps like Coinbase, sporting over ten million users. There are even organisations like Bitgive, who are leveraging the blockchain for more transparent and efficient donations to charity. And now the blockchain is entering the events industry, as new start-up Aventus is seeking to revolutionise the way tickets are bought and sold using the blockchain. Aventus founders Alan Vey and Annika Monari.

The benefit of using Blockchain and NFTs for ticketing is that it allows event organisers to keep track of the tickets even after the tickets.

Tag Archives: Blockchain

Me, a blockchain-based digital entertainment wallet. Live Nation is the owner of Ticketmaster , one of the largest ticketing companies in the world. The ticketing industry has progressively shifted towards digital ticketing. Paper ticketing is inconvenient for consumers as it can easily get damaged or stolen. For the ticket issuers, a digital process is more efficient and less time consuming. However, going paperless has not addressed some other industry challenges, such as fraud and resales. Blockchain-based ticketing initiatives enable event organizers to control resale purchase prices, track the ticket purchaser and the event attendee, and limit fraud.

Events meet blockchain: PhoenixDAO’s dApp promotes secure-ticketing

blockchain in ticketing

Eliminate fraud, boost your security and agility, connect better with fans and take their experience to the next level. Eliminate fraud, boost agile operations and security, uplift your data and take your fan experience to the next level. Digitise your audience. Get to know ticket buyers better by collecting their data when they sign in.

We are going to answer the most pressing question in this field, namely how to use blockchain technology and NFT in event ticketing, and list the main operators in this field. Blockchain is a complex concept, so here we focus on analyzing its characteristics related to the ticketing field.

Here’s how Blockchain and NFT ticketing can cut out middlemen and resellers

BY : Sogeti Labs. The emergence of Digital Ticketing has become a significant trend within the past decade. Attendees can now purchase tickets on their smart-phone, save a copy of their ticket to their device wallet, and then use it to gain entry directly at the venue. For the ticket organizers, today they can engage with their customer base on a personalized level and begin building thriving relationships. This has become an increasingly convenient and beneficial way of event ticketing; moreover, a look at how things are playing out within ticketing may give us an idea on how Blockchain can impact ticketing solutions to help the industry evolve. This is because the world is shifting toward mobile-based ticketing, but how did we get here?

Can Only Blockchain Secure Event Tickets?

Moving ticketing industry to blockchain. Blockchain technology brings new opportunities to ticketing and helps to streamline the experience for organizers, distributors and customers. Ticketing industry challenges. Even though the technologies are developing rapidly: e-tickets and digital verification are widely implemented; forgers are still trying to distribute fake tickets to various events. Black marketing.

SeatGeek hired Greg Warden as its VP of Engineering, indicating a potential plan to embrace the future potential of blockchain ticketing.

Blockchain: Top Uses for Event Security and Ticketing | MCI | Events

Lava has enabled fans of Spanish LaLiga football club Real Madrid to collect smart ticket non-fungible tokens NFTs via Flow blockchain, and trade with other fans across the globe. Subba, a platform that generates reviews of music and festivals, and Veritas, a service that links online reviews to verified sales and usage, have teamed up to provide a blockchain-enabled token sys Users will be connected to Yell

The revolution in ticketing

RELATED VIDEO: Blockchain in Ticketing webinar by Softjourn

Outside the scope of actual fraud, but still related to ticket sales, reseller ticket websites earn huge profit margins by buying hundreds of tickets and marking their prices up to as much as eight times face value. A simple Google search reveals countless examples of ticket fraud, including fake playoff tickets and fake tickets to major concerts and events. Numerous warnings about ticket fraud can be found on the Internet advising consumers to tread carefully when buying tickets from unknown sources. Still, consumers continue to purchase fraudulent tickets — making ticket fraud an ongoing economic issue that needs to be addressed globally. BitTicket, a blockchain service run by Citizen Ticket, a UK-based event and ticketing website, has emerged as an early leader in preventing ticketing fraud, with the first successfully deployed blockchain ticketing platform. The company runs its blockchain offering through Citizen Ticket — but its overall goal is to expand its use through other major ticketing services globally such as Worldwide Ticketing and TicketMaster.

With the ability to identify people against their tickets and credentials now more important than ever, blockchain is a technology that is becoming more and more important.

Events exploring blockchain ticketing solutions to combat scalping

So an event ticketing service can be very lucrative. Now a few startups are trying to disrupt that space with tickets issued on blockchains. Three of those startups are mentioned in this article, all with European roots. The main selling point of blockchain-based ticketing platforms like those mentioned herein is that the tickets become tradable digital collectibles, or NFTs, unlocking additional benefits to both ticket buyers and event organizers. GUTS Tickets is a Dutch outfit and the company that actually developed the blockchain-based technology that underpins the platform. The company actually uses Stripe as a payment processor. Mintbase is based in Portugal, and offers a bumper-to-bumper blockchain-based ticketing platform.

Scalping is big business, which is at risk of becoming almost entirely indistinguishable from the ticketing business. The gist of industrial-scale scalping is that people buy up all the tickets to an event and then re-sell them at much higher prices. This suits many ticket sellers perfectly fine, because they get the original commission from the bulk purchases from scalpers, and might then stand to get a second, much larger commission when that scalper sells the same ticket at a much higher price.

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  1. Satordi

    So behold!