EventChain is a smart decentralized blockchain network that uses a unique smart contract ticketing system. EventChain resolves the problems with current event ticketing systems available today while providing the additional benefits of using a blockchain as the core system.
EventChain gives a simple user interface for event managers to enhance SmartTicket sales around the globe, for diverse events supported by the underlying blockchain technology and EVC Tokens. EventChain is the first real-world blockchain application that is heavily adopted by the common public without any need to understand the functioning of distributed technology.
EventChain offers a remedy to a number of problems that arise due to the monetary nature of the decentralized ticket selling system. Counterfeiting of ticketing is a recurring problem that leaves true fans unable to buy tickets for music or sports events. EventChain token network is developed using the Ethereum blockchain, everything is secured by 256-bit cryptography which saves the users from threats and attacks.
EventChain’s Objectives:
1.Provides advanced functionality of SmartTickets using EVC Tokens.
2.Provides contributors of EVC Tokens with advantages such as discounted pricing.
3.Stimulates the usage of EVC Tokens inside the EventChain SmartTicketing platform.
How to contribute in EventChain?
1.Create a wallet: Create an ERC20 compatible wallet on myetherwallet.com, Parity or Mist. Be sure to backup your private keys.
2.Purchase an Ether: Purchase Ether in an exchange using other currencies such as BTC or fiat.
3.Send Ether: Only send Ether to their official contract address to buy EVC directly.
Which issues does EventChain address?
1.Ticket Issues: A decent amount of unchangeable SmartTickets will be accessible for each event, which are tied to an event’s smart contract. Each SmartTicket has a distinct sequence number that makes it impossible to be sold multiple times or counterfeited on the network.
2.Resale Issues: To save excessive ticket purchases from scalpers, event ticket distribution options can be monitored with any personalized range on the amount of tickets available to single users or groups.
3.Website Issues: EventChain has employed a ticket purchasing interface that can be accessed on an unlimited number of websites, all selling tickets through a plugin, diverting e-traffic from a centralized server, avoiding crashes and allowing more people to buy tickets at the same time.
4.Other Issues: Employing the Ethereum blockchain as a foundation enables a higher level of transaction accountability, scalability and fungibility to the event ticketing industry than any existing centralized ticketing architecture available.
Why EventChain?
1.SmartTicket Digital Collection: Every SmartTicket customer will have access to an indelible record of which events they attended based on their transaction history displayed through the EventChain transaction framework. This will help create a digital collection of ticket stubs and a literal “chain of events” to cherish memories over and to share with acquaintances or on social media platforms.
2.Forwarding Contracts: EventChain utilizes “forwarding smart contracts” when payment for an event is needed, where transactions can be done and the terms are guaranteed by the SmartTicket system.
3.Data Analysis: SmartTicket meta-data about event related data can be utilized for statistical analysis. This information is saved in real-time so the amount of SmartTickets remaining to upcoming public events is transparent for everyone to see.
4.EventChain Oracle: EventChain’s Oracle aims to set-up push and pull data from smart contracts to ease computational stress from the Ethereum Virtual Machine.
The venture has a sound framework in working and would completely modify the traditional system of ticket sales. With an experienced team and a bunch of advisors pillaring the project, EventChain does show a lot of faith and possibility. This incredible idea will surely help better the traditional ecosystem for both the sellers and the buyers, promising an excellent scope for future growth.
Token Sale
Token sale began on the 13th of September, 2017 at 4 pm UTC.
Total of 84 million EVC tokens.
For more details visit:
Website: https://tokensale.eventchain.io/
Whitepaper: https://eventchain.io/whitepaper.pdf
Bitcoin Talk Thread: https://bitcointalk.org/index.php?topic=2152363.0
Written By: Karanj
https://bitcointalk.org/index.php?action=profile;u=1030341