IBM Blockchain Platform-based True Tickets Crypto Startup Launches
True Tickets is a blockchain-based ticketing platform designed to track the lifecycle of tickets right from the moment they are created until when they are submitted at the entrance of an event. This will eliminate some of the major problems that consumers, artists, and venues face during ticketing such as ticket scalping and fraud.
How Does True Tickets Work?
True Tickets will make it possible for artists to understand their fans much better through the utilization of blockchain technology. Blockchain technology will provide the artists with visibility throughout the lifecycle of the ticket. This will provide them with true data on the fans, which can be used to make adverts and merchandise. The artist will also benefit from all the transaction of the ticket and ensure the ticket remains within the True Ticket ecosystem.
Scalpers and ticket brokers are individuals who purchase large numbers of tickets and resell them at higher prices. This, eventually results in numerous inconveniences, as fans end up paying much more for the ticket while the artist does not receive any monetary gains. Through the True Tickets platform, scalpers and ticket brokers will not have the chance to intercept the ticket selling process.
True Ticket is accessible through its digital mobile application, which means that attendees will no longer have to print tickets. During an event, they are only required to activate the ticket using their android or iOS devices in order to receive a barcode that will be scanned at the gate to provide them access to the event.
The event organizers will have access to the statistics and analytics regarding the ticket purchases through the web admin. This will provide the organizers with an overview of the performance of events and the ticket holders.
The organizers can also create the events on the online web dashboard. The dashboard makes it easy to define the type of tickets to be created and the quantities. After the creation of the event, the ticket process is automatically fulfilled.
Advantages of the True Tickets platform
True Tickets will eliminate ticketing companies that take advantage of fans by charging them high fees. Through True Ticket’s highly advanced tools, fans will access the secure and transparent marketplace where they could purchase tickets at reasonable prices.
Artists Maintain Control
The TrueTicket platform provides the artists with the ability to control the event ticket from the beginning to the end of the event this can be attributed to the blockchain technology implemented on the platform. In the event the ticket is sold on the secondary market, the prices will only be the one allowed by the artist.
Authentic Engagement With Fans
TrueTicket collects data regarding those who actually attend the events. The data can be used to identify fan characteristics, which is not possible on other ticketing systems. The information enables the platform to customize the artist content to suit the identified characteristics while optimizing the tour dates and locations.
Lower Ticket Fees
Compared to other ticketing platforms, TrueTicket will issue the tickets at much lower fees since it implements an efficient blockchain-based architecture that facilitates all the transactions on the TrueTicket platform.