Btcpop is excited to introduce our newest addition to the Btcpop P2P Lending Platform and Exchange Eventchain!
EventChain is an advanced decentralized blockchain token network that powers a unique smart contract ticketing system (SmartTickets™). EventChain solves many of the problems with current event ticketing systems available today while providing the additional benefits of using a blockchain as the foundation by creating immutable Smart Tickets that cannot be counterfeited and allow artists and vendors to sell tickets with almost no processing, convenience, and purchasing fees.
The EventChain system encourages everyone in the ecosystem, including all stakeholders such as event managers of sport and concert events, party organizers, social clubs and ticket purchasers to sell or buy SmartTickets using EVC Tokens and other traditional payment methods.
Ticketing Problems solved by Eventchain
There are many many issues in the current event ticketing industry that are solved through EventChain, but let’s focus on four of the main issues.
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Counterfeit tickets are created and sold for events.
- A finite amount of immutable SmartTickets will be available for each event and are tied to an event’s smart contract.
- Each SmartTicket has a unique nonce, or unique sequence number that makes it impossible to be sold multiple times or counterfeited on the network.
- Proof of ownership can be verified through the Ethereum blockchain by implementing zero-knowledge proofs whereby a purchaser can prove ownership of their ticket without revealing any information besides the fact the ticket is theirs.
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No immutable proof that the ticket is an authentic original ticket.
- SmartTickets have the ability to maintain data in the form of smart contract code and can be interpreted through the EventChain Oracle, so if a SmartTicket is resold, all of the original ticket information is still embedded on EventChain’s framework.
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Pre-sale ticket offerings are often not transparent
- Using the Ethereum blockchain as a foundation brings a higher level of transaction accountability, scalability and fungibility to the event ticketing industry than any existing centralized ticketing architecture available.
- The EventChain network on the blockchain brings complete transparency to all parties involved.
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Ticket scalpers markup resale tickets 200% or more in an unfair manner
- SmartTickets are fully programmable.
- Enables smart contract code that can peg tickets at a;
- Permanent price.
- Designate a maximum markup value,
- Attribute any other individual or group ticket pricing variables on both the primary and secondary markets
To prevent massive ticket purchases from scalpers, event ticket distribution options can be tailored with any custom range on the amount of tickets available to single users or groups, and optional constraints that allow for alternative distribution methods.
More Ways to Learn more about EventChain
To learn more about the decentralized ticketing movement, join EventChain’s community
| EventChain Whitepaper | EventChain Telegram chat | Partnership with iFlyer.tv in Japan | More on our Medium Blog |
Information on this blog post curtesy of https://medium.com/@eventchain.io/what-are-evc-tokens-3126f1597e74