Technology / 04.23.18

Crypto.tickets Invites Collaboration on Smart Ticket Standard

Access Staff

Original article published on IQ Magazine (04/23/18)

Executives at Crypto.tickets have published a smart ticket standard alpha on GitHub, and invites ticketing industry professionals to join forces. Crypto.tickets wants companies operating in ticketing as well as individual developers to join the standard development and contribute to future releases. Egor Egerev, CEO of Crypto.tickets, says, "The best example of a successful standard, around which a lot of commercial services with individual monetization are being built, is the ERC20 standard, created by Vitalik Buterin to run ICOs [initial coin offerings] and issue tokens. The standard is supported by all exchanges and a variety of wallets — a lot of developers have already created smart contracts with completely different economic models and rules." The first event company to work with Crypto.tickets to develop a unified blockchain-based ticket standard is KickCity, a decentralized event management and event promotion platform. The project is developing a P2P protocol for efficient marketing in the events industry. Advantages of developing a global unified standard for blockchain-based smart tickets include protection from counterfeiting and copying as well as full control over the entire ticket lifecycle, both on the primary and secondary markets, for event organizers and ticket sellers. Smart tickets are stored in a free wallet app that ticket buyers install on their phones. Each user's wallet is unique and is linked to a mobile phone number and Ethereum wallet.

Read the full story on the IQ Magazine website.

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