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Home News Disrupting the $30Billion Event Ticketing Industry with Blockchain - KickCity announces ICO

Disrupting the $30Billion Event Ticketing Industry with Blockchain – KickCity announces ICO

KickCity,  a revenue generating Event Startup that plans to disrupt the event industry is introducing KICK – a decentralized, transparent and reward-based event token. KICK will be used for ticket purchasing, reward-based event promotion, event community building and will be available for trading in the exchange market. The company hopes to raise more than $7 million during the ICO (Initial Coin Offering).

“The first generation of the digital revolution brought us the Internet of information. The second generation — powered by Blockchain technology — is bringing us the Internet of value: a new platform to reshape the world of business and transform the old order of human affairs for the better”-  Don & Alex Tapscot.

The Event industry is in need of disruption with multiple problems like:

  • expensive ticket price due to high transaction fees from banks and credit card companies;
  • ineffective non-transparent advertisement  / expensive event promotion campaigns;
  • ticket touting, reselling and availability of fake tickets.

KickCity will allow for the development of a universal token for events — ‘KICK’ and KickCity protocol which is composed of Ethereum Smart Contracts will allow for the development of  a decentralized event platform and promotion asset, ticket processing and transactions and event community building. An ideal solution for the event industry where all the participants in the marketplace are satisfied.

KickCity – is a community-based social event platform for event organizers and attendees. For the past year, ‘KickCity, Inc.’ has focused on building community around events, providing event organizers with tools to create, promote and monetize their events.

KickCity is:

  • a ‘Y Combinator’ Startup School alumni
  • operates in several continents
  • the first event platform that accepts Bitcoin payments for events

Using Blockchain, KickCity plans to connect event organizer with attendees without third party interruption like banks (for processing), provide a trust system and allow effective marketing.

KickCity recently received grant from the Helsinki Government and also is currently discussing cross-platform integration with big Russian telecommunication giant.

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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