Blockchain to Prevent Ticket Touts in Event Industry

London-based start-up Aventus has announced that it has developed a blockchain-based solution to prevent unregulated touting and counterfeit tickets. The company is attracting the attention of investors as it prepares to launch a token sale of its AventCoin (AVT), “the Bitcoin of the ticketing industry,” which will be distributed to the public in a week-long token sale set to start on the 19th July, 2017, and end on the 24th July, 2017.

Ticket touts bulk-purchase tickets on primary markets and resell them at inflated prices on secondary markets. An average purchaser of a resold ticket to a concert or music festival pays at least 49 percent more than its face value, with profits sometimes exceeding 1000 percent.

 

READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM