Blockchain to Prevent Ticket Touts in Event Industry

Aventus (PRNewsfoto/Aventus)

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.



Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.
Free AllCoinsNews Email Updates
Get the latest cryptotoken market news and blockchain developments!
We respect your privacy.