Aventus launches Ethereum-based Event Ticketing Solution.
Aventus, a company from Imperial College’s Cryptocurrency Research and Engineering Centre, has released their whitepaper announcing a Blockchain-based event ticketing solution that gives power back to entertainers and value back to the fans.
On primary ticketing platforms like Ticketmaster, people use computer software known as “bots” to buy up tickets when they are released, making them sell out almost immediately. Then, the tickets are put on resale platforms like Stubhub at sky high prices, ripping fans off or stopping them from going altogether. Even worse, sometimes same ticket is listed more than once and fans end up buying a counterfeit that gets them rejected at the door. More