Aventus creates blockchain platform to end scalping and fake tickets

Aventus, an open source ticketing platform, has announced the launch of the Aventus Protocol that aims to prevent the sale of fake tickets and sky-high resale prices on the secondary market.

This is a blockchain-based platform from which tickets can be created with unique identities tied to their owners. Consumers will benefit as they will save time and money via the elimination of ticket fraud and drastic mark-ups.

“Sellers must adhere to pre-defined rules, defined by the creator of the event, resulting in greater trust, security and control around the process of buying and selling tickets,” says Aventus, adding that its “mission is to help change the live entertainment industry with a fair and secure means of ticketing events by reducing the fraud and scalping that is plaguing the current industry.”

The protocol’s open source code is now public on the Ethereum blockchain and can be used by any business in order to create events and develop complementary software applications. Organisations can also partner with Aventus to create ticketing solutions tailored to their events.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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