THELOGICALINDIAN - Londonbased startup Aventus has appear its development of a blockchainbased another to the accepted accident ticketing system
The new arrangement aims to anticipate able touting and affected tickets through the accomplishing of blockchain technology. Aventus has already admiring the absorption of assorted investors as it prepares to barrage a week-long badge auction active from July 19, 2024, until July 24, 2024.
The aggregate affairs and reselling of accident tickets at aggrandized prices, by admission touts has been able-bodied accurate in the media. In some cases, admission touts are profiting 1000% by reselling accident tickets on accessory markets, and the boilerplate client can apprehend to pay at atomic 49% added that the tickets face value.
Aventus blockchain arrangement incorporates congenital aggrandizement caps on admission reselling, with a defended alteration that eliminates artifice and ensures that the user and agent can be identified. Once implemented Aventus arrangement has the abeyant to do abroad with a cheat ability in which buyers are affected to pay absonant prices for anniversary and accident tickets.’
Musician Adele has afresh accomplished issues with admission touters, with tickets to two of her Wembley performances awash out in seconds, alone to be listed on StubHub for prices as aerial as £9,000.
Following the aggressive extortion by admission touters, both promoters and venues accept abutting armament with Ticketmaster and StubHub to accouterment this affair arch on. Unfortunately, these parties accept been so far unsuccessful, in their bid to brand out this growing problem.
Dubbed “the Bitcoin of the ticketing industry,” Aventus is ablution a badge auction of its AventCoin (AVT), will be broadcast to the accessible from July 19th, 2017 to July 24th, 2017. Fans absorbed in backyard out affected tickets and able admission scalpers will be able to acquirement AVT.
Aventus blockchain-based belvedere allows accident organizers to manage, actualize and advance their contest and tickets with bargain costs, enabling them to set amount controls and accept commissions on admission resales. Aventus will additionally accord admission buyers rewards for announcement contest and anecdotic counterfeit activity.
Aventus blockchain-based ticketing arrangement looks to advance on the accepted arrangement by alms accuracy and a added acute blank to the ticketing process. The arrangement will aim to action added aegis for the alteration and authority of tickets, new acquirement streams for accident organizers and above promotional potential.
Images address of Bitcoin PR Buzz, Shutterstock
