| Event hosting is an expansive and growing market, yet much like the financial industry, it suffers from constant, systemic challenges regarding fraud prevention, transfers of ownership and intermediary cost. | ||
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| Utilizing Ethereum smart contracts, the Blocktix platform will leverage the power of decentralization to resolve the systemic issues currently plaguing the event hosting industry. | ||
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| Blocktix will combine on-chain ticket distribution, a trustless p2p ticket exchange and an incentivised advertising network to create a single source event hosting platform that replaces the fragmented legacy systems currently in use. | ||
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| The Blocktix platform will have a dramatic effect on the event hosting industry as it will reduce distribution, transfer and promotion costs up to 90% and create real-time accessibility for concertgoers to instantly obtain/sell tickets. These improvements will enhance the concert attendee's purchasing experience and amplify the event host's ability to return a profit. | ||
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| For further explanation of the technical details and function of the system, please see our whitepaper | ||
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Vision | ||
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| The world may not yet be ready for decentralised systems, more specifically the consequences they carry. We see it as our duty to help change that. Immutability of the blockchain, the fact that transactions are set in stone, is praised by many until they are confronted with the theft or loss of their own funds. Humans are bound to make mistakes, it is inevitable but to some degree controllable. | ||
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| The Bitcoin network for example does not process transactions that are deemed to be too irregular, but this technique does not play well with the wide range of capabilities Ethereum provides. A different approach has to be adopted to solve the issue at hand. We want to make smart contracts more secure by creating static standard templates such as our ticket contracts in combination with user friendly interfaces to reduce the amount of possible errors. | ||
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| We are avid technologists with a passion for block chain technology and want to promote its use cases as much as possible, but we believe that Ethereum smart contracts are too complex for the average computer users and that factor is inhibiting its growth to the masses. | ||
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| Links: Website - https://blocktix.io github Slack Whitepaper | ||
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| Media: https://www.reddheads.com/en/ethereum-dapps-proliferate/ |