Aventus: Fun of buying tickets
It’s a Blockchain based ticketing protocol to eliminate the present mal practices and inefficiencies of the ticketing industry. It also aims to give more control in the hands of the organizers in the primary market and help to increase the attendance of the audience and to increase customer loyalty. This will not only helps the organizer but to the fans as well who can enjoy the events at a much cheaper rates.
Ticketing Industry
In Ticketing industry there are two main segments:-
- The primary Market: it consist of the event organizers
- The Secondary market: It consists of touts who buy tickets from primary markets and resale tickets at much inflated prices
Problem in Ticketing
• There is a major problem in ticketing industry
• Tickets are purchased from primary market and resold at secondary market are much inflated prices
• As a result primary market has a very less control over ticketing
• Attendees has to pay a lot of price and face inconvenience
• This type of mal practice is communing in major events
• These are at the Expenses of fans and event organizers
• Touts uses bots to purchase bulk of tickets and then they inflate the prices
• Ultimately it’s the fans who suffer the most
• The tickets are also sold as counterfeit on various other platform
• Even technology such as machine learning is not able to stop these problems
• Tickets are also sold outside the venue at higher price.
• Legislation is also not fully able to stop it.
Solution by Aventus
• Aventus platform is a blockchain based platform to eliminate uncontrolled resale and counterfeit of tickets. Provides a more secure, transparent and profitable way of selling tickets before entry is granted
• This will help event organizers create manage and promotes there events at a fraction of cost
• They can even control price and receive commissions and receive commission on tickets resold.
Tickets on Blockchain
• Tickets to be Associated with the identity , and identity associated with the ticket will be checked at the event with the blockchain
• Changes to this identity can only take place if the ticket is resold to the approved secondary market
• Owner can resale there tickets in secondary market and they will not know to whom they are reselling
• If the event itself is a fraud or the organizers are involved in fraudulently inflating prices
• Aventus has given the power to the ticket buyers
• Aventus rewards ticket buyer to identify if there is any fraudulent activities
Aventus Ecosystem
It is based on Ethereum Smart contract that allows the creation and validation of events and issuance and distribution of tickets in primary and secondary markets
Ecosystem consists of their 3 layer architecture
- The protocol
- The Service and
- The application Layer
Aventus Tokens
• The Aventus Token (AVT)
• For Hosing the organizers must purchase AVT
• Ticketing sales will be in eth AVT or any other ether based cryptocurrency
• Community stakes are distributed in AVT
• The resale of ticket is done in AVT
For more information
Website: https://aventus.io/
Whitepaper: https://aventus.io/doc/whitepaper.pdf
Bitcoin talk link : https://bitcointalk.org/index.php?topic=2047321.0
Written By : Karan Juriani