The EventChain Smart Ticketing platform was launched to create a peer-to-peer infrastructure where event tickets have no excessive processing fees and are widely available on a platform for everyone. There are so many problems with the current event-ticketing industry that can be fixed by EventChain’s SmartTicket platform. A lot of event goers are fed-up with monopolistic control with common problems including unfair ticketing fees, website crashes and single points of failure, ticketing scalping and ticket resale mark-up, and unfair cuts for artists who do most of the work with little return.
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Smart Tickets are all fully programmable, enabling smart contract code that can fix tickets at a permanent price, designate a maximum mark-up value, or attribute any other individual or group pricing variables.
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.
EventChain will have an integrated ticket resale reputation system on a distributed secondary market, allowing event ticket vendors, promoters and fans to build and grow their reputation as they sell Smart Tickets. Scalpers will clearly be identified by their Smart Ticket reputation.
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EventChain will provide a simple user interface for event managers to manage and execute SmartTicket sales globally for small to large events supported by the underlying blockchain technology and EVC Tokens, empowering a true peer-to-peer network for buying and selling tickets to events.
EventChain has the opportunity of becoming the first real world blockchain application that is widely adopted by the general public without any need to understand the underlying distributed technology.
Solve a long list of issues for event ticket sales by providing the advanced functionality of SmartTickets using EVC Tokens. See following sections for details.
Provide holders of EVC Tokens with benefits such as early bird tickets, priority seating and discounted pricing.
Foster the utilization of EVC Tokens inside the EventChain SmartTicketing platform.
Although EventChain will utilize various payment gateways that accept EVC Tokens to purchase products and services from over 205,000 vendors across 182 different countries, all significant ticketing benefits will be available only to those using EVC Tokens.
EventChain Oracle
EventChain’s Oracle will be set-up to push and pull data from smart contracts to alleviate computational stress from the Ethereum Virtual Machine and will communicate through an integrated EventChain plugin, distributable across the web for access to ticket purchases and interaction with the SmartTickets system.
Data Analysis
SmartTicket meta-data about event related information can be used for statistical analysis.
By Forwarding Contracts When an RSVP deposit or partial payment for an event is needed, EventChain will utilize “forwarding smart contracts” where transactions can be initialized and the terms are guaranteed by the SmartTicket system, enforceable until the event is completed or whenever the custom timestamp expires.
SmartTicket Digital Collection
Each SmartTicket purchaser will have access to a permanent record of which events they attended based on their transaction history displayed through the EventChain transaction framework on the EventChain Oracle, creating a digital collection of ticket stubs and a literal “chain of events” to recollect memories over and to share with friends and family or on social media.
These extra features incentivize the adoption of the SmartTicket platform. As the network grows, so will the utility of the EVC Tokens for operation and value added features.
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