Industry Press / 06.16.20
TIXnGO, The New Blockchain Mobile Ticketing Platform, Leads the Way in Secure Tickets
Boca Raton, FL – 16th June, 2019 Available for the first time in USA and Canada, TIXnGO is a groundbreaking ticketing solution using blockchain technology to create secure mobile tickets. The TIXnGO wallet, which can be plugged into any existing ticketing system, helps combat fraud, digitalize the fan experience and improve venue security.
TIXnGO is a subsidiary of ELCA, the Swiss company behind the cloud-based ticketing solution SecuTix. For the last three years, SecuTix has been trialing blockchain with clients, including several high-profile live sports events, and has seen significant success in tackling both black market and security issues. Applying this vast blockchain knowledge and experience, TIXnGO offers a secure mobile ticket solution to all venue and event organizers, whatever their current ticketing system is.
Pierre Etter, Product Manager for TIXnGO, said: “I predict that in five years’ time, 80 per cent of tickets for live events will be sold using blockchain technology as it’s an easy and effective way to solve many of the problems the industry faces today. TIXnGO creates a unique, encrypted ticket for smartphones that is completely traceable, removes the risk of counterfeit tickets and simplifies the process of transferring or reselling tickets for the customer. Blockchain will profoundly transform the ticketing industry as we know it and TIXnGO is leading the way.”
The system has recently added an artificial intelligence (AI) module to improve security and help prevent ticket fraud. The technology enables analysis of ticketing data and detects suspicious behaviors by ticket holders that may be damaging to the event organizers. The tool traces all ticket transfers in real-time and uses graph detection algorithms to identify potential fraud within the ticket lifecycle. Event organizers are now able to get a visual representation of the transfers of all tickets, pointing out which users might need to be monitored. For example, a spectator that sells all their tickets would be worth investigating as they may be doing so for profit at an inflated price. TIXnGO’s machine learning algorithms have already identified multiple suspicious patterns which were previously running undetected and untraced. As part of future releases, TIXnGO is studying the possibility of assigning trust scores to ticket holders based on previous behavioral patterns, while at the same time preserving the ticket holder’s personal data privacy rights.
Salah Nait Mouloud, TIXnGO’s Senior Technology Lead, said: “Paired with our blockchain-based TIXnGO solution, we are still at the early stages of applying AI machine learning to detect abnormal patterns in the ticketing distribution graph. Yet, our new module already provides previously unreachable high-value insights, helping event rights holders to understand the transfer patterns of their entire digital ticket inventory and act upon it.”
NOTES TO EDITORS
TIXnGO's secure mobile ticket wallet is a game-changer for event organization and ticketing solutions. The platform leverages the latest in mobile, blockchain and AI machine learning disruptive technologies. The system eliminates fraud, boosts agile operations and security and uplifts data and fan experience. Millions of tickets have been securely distributed worldwide and exchanged through TIXnGO’s marketplace solution, including tickets for some of the world's biggest sporting events. The secure wallet system can integrate with existing apps through the TIXnGO API or it can be accessed through the TIXnGO native or branded app. TIXnGO has been endorsed by Gartner (The Real Business of Blockchain, Harvard Business Review, 2019). TIXnGO is based in Lausanne, Switzerland. It is part of the ELCA group and is a sister brand of the SecuTix ticketing company. For more information visit tixngo.io