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Blockchain-based Ticketing Platforms

Sector: Tertiary sector · Industry: Event management · Organisation: Verschiedene Ticketing-Plattformen · Maturity level: Pilot

Blockchain-based ticketing platforms use decentralized technology to prevent ticket fraud and create transparent secondary markets. Aventus reports that these systems can save up to 12% of ticket revenues by avoiding fraud. The platforms automate ticket purchases, assignments, and refunds through smart contracts.

Documentation status

Description

Aventus (London) developed a blockchain-based ticketing infrastructure that protects concert and event tickets on the secondary market from counterfeiting. By decentralising the storage of every transaction, organisers can prevent price dumping and scalping, while buyers can verify the authenticity of their tickets at any time. According to Aventus, the system reduces fraudulent tickets by over 90 percent.

Aventus anchors each ticket as a unique token on the blockchain. On resale, price limits and commission rules are enforced via Smart Contract — the organiser sets the maximum markup rate and automatically receives a share of every secondary transaction. Fans can check the full transaction history of their ticket via QR code. The system has been piloted at several major European events and almost completely eliminates the market for counterfeit tickets.

Perspectives

B2B — organisations perspective

Event organisers can increase their revenues by up to 12% through blockchain ticketing by eliminating fraud. The technology offers complete control over secondary markets and enables programmed commission distributions on resales.

B2C — consumers perspective

Customers receive absolute security against counterfeiting through blockchain tickets and can verify the authenticity of their tickets themselves at any time. Transparent secondary markets create fair prices and prevent profiteering by professional ticket scalpers.

Employees perspective

Staff in the ticketing sector need to learn new decentralised platforms and become familiar with blockchain technology. However, automation through Smart Contracts significantly reduces manual effort in sales processes and customer service.

Benefits

General

B2B — organisations

B2C — consumers

Employees

Challenges

General

B2B — organisations

Employees

Implementation examples

Aventus blockchain ticketing solution

Event organisers regularly lose significant revenue due to counterfeit tickets and uncontrolled secondary markets. Aventus aimed to develop a technical solution that permanently eliminates these problems through decentralized technology.

Aventus developed a blockchain platform that saves event organisers up to 12% of their ticket revenue by preventing fraud.

Aventus implemented a comprehensive blockchain-based ticketing solution that enables event organisers to create and manage tamper-proof digital tickets. The platform uses smart contracts to automate sales processes and refunds in case of event cancellations. By immutably storing each ticket on the blockchain, fraud is completely eliminated, resulting in significant cost savings.

Up to 12% ticket revenue saved through fraud prevention

The solution completely eliminates ticket counterfeiting through immutable blockchain entries. Additionally, organisers gain full control over secondary market sales and can implement programmed commissions on resales.

Tags

Ticketing, Fraud prevention, Smart Contracts, Decentralised platform, Event security

Sources

  1. How NFT Ticketing Works
  2. Warum sich Blockchain-Ticketing bisher nicht durchsetzen konnte
  3. Warum Blockchain die Zukunft sicherer virtueller Events ist