Aventus launches Ethereum-based Event Ticketing Solution

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Aventus, a company from Imperial College’s Cryptocurrency Research and Engineering Centre, has released their whitepaper announcing a Blockchain-based event ticketing solution that gives power back to entertainers and value back to the fans.

On primary ticketing platforms like Ticketmaster, people use computer software known as “bots” to buy up tickets when they are released, making them sell out almost immediately. Then, the tickets are put on resale platforms like Stubhub at sky high prices, ripping fans off or stopping them from going altogether. Even worse, sometimes same ticket is listed more than once and fans end up buying a counterfeit that gets them rejected at the door.

Aventus solves these problems with a decentralised protocol that eliminates uncontrolled resale and counterfeit tickets. It allows event organisers to create, manage and promote their events and tickets with dramatically reduced costs, even letting them set price controls and receive commissions on ticket resales. It also gives ticket buyers rewards for promoting events and identifying fraudulent activity.

These innovations vastly improve upon existing solutions by bringing oversight and transparency to the ticketing lifecycle, security to the transfer and validity of tickets, and a new revenue stream for event organisers.

Aventus ensures that you aren’t ripped off when buying tickets; that tickets are priced fairly, and that you are rewarded for providing value to events. With Aventus, most of the money you pay for your tickets actually benefits event organisers instead of helping resellers make profits.

To keep up with Aventus news and learn more about their solution and strategy, check out their Twitter, blog or join their Slack group.

About Richard Kastelein

Richard Kastelein is the Founder, Publisher and Editor in Chief of industry leading online publication, Blockchain News, partner of token design and ICO architecture company Cryptoassets Design Group and co-founder and director at education company Blockchain Partners.

As a prominent keynote presenter, Kastelein has spoken on Blockchain at events in Gdansk, Beijing, Venice, Nanchang, Shanghai, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven, Bucharest, Munich, Nairobi, Tel Aviv, Manchester, Brussels, Barcelona, San Meteo etc, where he helped spread the cause for Blockchain technology and cryptocurrency and, consequently, has built a notable network in the scene.

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  • Cory Stevenson

    Aventus directly ripped the idea from Blocktix and now is attempting to monetize it through an ico. The Aventus WP is 80% a copy of the Blocktix WP that was released 4 months ago and presented at LaChainTech and EDCON VIP event. Blocktix.io

    DO NOT FALL FOR THIS COPY/PASTE SCAM.

    • gouda coin

      I caught that too. I’m glad i wasn’t the only one who spotted this blatant copy of Blocktix.
      nobody should invest in Aventus the copy! they will probably just steal the ico funds and not deliver in the end!

    • Aventus

      https://medium.com/aventus/aventus-competitor-analysis-b34fe449aab1 Pls check the competitor analysis here. Aventus did not steal anything from anyone, and is not a scam.

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