So as I'm just getting started with crypto-currency and currently only owning about .8 of bitcoin and 1.2 etherum, I'm looking to the community to possibly enlighten me on some ICO offers.
A ICO that caught my eye,Crypto-tickets, a new way to look at the distribution of tickets and most possibly the best way to de-centralize ticket sales.
The crypto.tickets project is being implemented by the Tickets Cloud team. The Tickets Cloud dates back to the beginning of 2014 and represents a platform combining event organisers and ticket sellers in one online facility. Based on the diverse experience of the team members in the event niche, they created a product which changes and modernizes the ticket sales process. As a result of using Tickets Cloud, event organisers have had an opportunity to sell tickets via one service on multiple websites, in of ine box-of ces and at events as easily as using a social network.
The Tickets Cloud offers a full range of solutions for all participants in the ticket mar- ket, including billing, payment systems, and tools for promotion and analytics. At the moment, the monthly turnover of the company is $2 million with growth of over 500% between 2015 and 2016. The project collected $1.6 million in investment during the 3 years of its development. Today, they have signed over 950 contracts with organisers and have sold over 800 thousand tickets. In 2017 the Tickets Cloud became the world’s rst company whose technological base is used for selling event tickets by Aliexpress — the biggest trade facility in the world.
For over a year we have had an idea to apply blockchain technologies for the creation of a decentralized ticket system. A deep study into the problems of today’s global ticket market combined with technological advancements in blockchain platforms offered the opportunity to design the architecture of a ticket blockchain platform which solves the industry’s key problems. This is not just another ticket platform using existing block- chain technology, this is a brand new decentralized universal platform which can be used by all market participants.
crypto.tickets is a new standard in the industry of entertainment: distribution of tickets with automatic billing, zero fraud, and clear rules of the game. The main task of the project is to create a blockchain platform which can be used by the world’s ticket industry to solve the market’s primary problems, such as fake tickets and an unmanageable secondary market.
crypto.tickets includes three basic components: Tickets Cloud. All settlements inside the system will be done with the help of the TKT token.
Existing problems:
Despite the considerable growth and development the global ticket industry has seen in recent years, a number of unresolved problems persist:
Fakes and fraud. Fake tickets are one of the main problems in the secondary ticket market. Rogues take advantage of the lack of ability to validate the authenticity of a ticket, allowing them to sell fake tickets. There are often cases in the secondary market where the same ticket is sold to multiple customers as there is no way to be certain how many people own that ticket. When this happens only the rst customer to arrive at the event gets in, whilst others are left unable to attend. In these situations it is not only the spectator who suffers, but the organiser who lost the opportunity to sell a ticket to those customers who ended up with fake tickets.
Scalpers. Most tickets to popular events are bought by automatic bots in the rst minutes after the sale starts, and are then resold in the secondary market at a price signi cantly higher than the original. Speculators pro t, many customers cannot af- ford the tickets, and organisers lose customers. Organisers and of cial agents in this case cannot control the market and do not pro t from speculators’ resales. In some countries the overpriced tickets unsold by speculators are returned to the organis- er right before the event begins. As a result, the organiser loses pro t and suffers reputational loss because the venue is not full, in spite of a limited ticket offer in the market and a high sale price.
Non-transparency for a spectator. In order to buy a ticket, spectators must check nu- merous websites, study ratings and availability, and compare prices. The segregation of ticket platforms which lack a central database limits customers’ ability to consider all options available in a simple and transparent manner.
Incomplete sale of tickets for events. The current business model of providing quotas limits promoters’ ability to work with a large number of distribution channels often leading to incomplete sales for events. A quota is part of a venue and cannot be divid- ed endlessly, therefore the number of distributors is limited by the number of quotas. The best distributors sell all their tickets leaving consumers to believe an event has sold out. Meanwhile those lesser known or less ef cient distributors end up not sell- ing their quotas, ultimately leading to empty seats at an event that had a high demand for ticket sales.
High price cap for entering the market for distributors. The quotas model also pre- vents new players entering the distribution market, big distributors dictate their conditions to the organisers, all tickets are disseminated among the current players. Even if one manages to get tickets for sale, these will not be the best seats and are limited in number, which makes projects with novel sales mechanics doomed.
Lack of a common standard for working with ticket organizations. Due to the fact that all ticket organizations have different program interfaces (API), agents who deal with ticket distribution have to separately integrate with the API of each, check the quotas manually and exclude the tickets which repeat with different suppliers. More- over, in case an organiser intends to raise the ticket price, he has to contact each of the agents and manually update all contracts.
THE CRYPTO.TICKETS PROJECT WILL SOLVE THESE PROBLEMS AND FOREVER CHANGE THE TICKET INDUSTRY, ENSURING A MUTUALLY PROFITABLE INTERAC- TION FOR ALL PLAYERS AT THE MARKET.
INFORMATIION PROVIDED BY ICO CRYPTO TICKETS WHITE PAPER
Also something that caught my eye is the excellent beings backing this production force.
Could this be the future of ticket sales? Let me know in the comments down below and give me a Upvote. THANKS!