Tickets and the entertainment industry basically go hand in hand. We need tickets to get into just about any entertainment related event, which makes the ticketing department of the entertainment industry extremely important. That is a fact some people know too well… Due to the importance of the ticketing department it is highly lucrative, and some people are taking advantage of all the wealth that flows through it. The problems with the ticketing industry needs to be addressed and that is why Slate is making the Slatix platform.

Slatix is a ticketing platform that will use SLX tokens to process transactions. SLX tokens are the official cryptocurrency of the Slate platform. Slatix will be utilizing the Slate blockchain which will enable it to ensure that its users get complete transparency when they buy tickets.

Current Situation

The situation in the ticketing department right now has too many flaws. At this moment firms have no choice but to use the services of intermediary platforms to help in the sale of their tickets. Because these platforms essentially act as middlemen for the sale of tickets, they are able to use their leverage to make large profits. But, to make the whole ordeal worse most of these intermediary platforms are completely centralized which is why they offer no transparency to their customers.

Due to this complete lack of transparency these intermediary platforms can charge large service fees along with each ticket they sell. In many situations they add these service fees in the middle of the transaction process which is why people end up having to pay more than they thought they had to. Current ticketing firms are able to get away with such deceptive tactics because their platforms lack transparency

Another huge problem in the ticketing platform which is caused by the lack of transparency and verifiability is counterfeit tickets. Counterfeit tickets are a huge problem right now in the secondary markets, which is why a lot of people avoid secondary ticket markets altogether.

Counterfeit tickets are problematic for both buyers and sellers in the secondary markets. It is very difficult for buyers to ensure the tickets they are purchasing on the secondary markets are legitimate. Due to the difficulty in verifying tickets on the secondary markets many people end up buying tickets on them without really knowing if the ticket is real or not. In many instances these people end up being scammed and lose their money. Even when the tickets are not a scam, consumers are filled with cognitive dissonance after they make the purchase because they cannot verify whether their tickets are legitimate or not.

For seller’s counterfeit tickets are a problem as well because the secondary markets are too shady for many people which is why they do not even bother using them.

How it Could be With Slatix?

Slate will allow firms to sell their tickets on the Slatix platform. Blockchain technology is completely transparent which enables users to know exactly how much their tickets will cost, and all transactions will be stored on the blockchain. Due to the complete transparency of blockchain technology, a firm using blockchain technology will be less likely to use deceptive pricing tactics to promote the sale of their tickets.

Slate will use blockchain technology to make all tickets on their platform verifiable. Whenever a unique ticket is listed on the Slatix platform a new unique Slate token is made to act as a verifier for the ticket. This technique will ensure no one will be able to sell counterfeit tickets on the Slatix platform.