Crypto.Tickets and Exscudo Cut Deal – Ticketing 2.0

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Exscudo, the financial ecosystem which unites cryptocurrency markets and traditional finance has recently signed an exclusive partnership agreement with Crypto.Tickets which is a project to establish a universal decentralized platform for selling tickets.

The Crypto.Tickets platform will be launched on EON Blockchain, developed by Exscudo team. The cooperation between Exscudo and Crypto.Tickets will forever change ticket sales for the mass event industry. It will establish new standards with highest levels of security.

The cryptographic ticket is a logical step in e-ticket industry securitization. Although recently paper tickets evolved into e-tickets, making them accessible on electronic devices, there were few gains in terms of security. On the contrary, it resulted in new problems, such as online ticket bots accounting for a significant part of primary market ticket purchases. Blockchain technology disposes of many problems of the ticket industry forever, making the relations of market participants simple and transparent. No more speculations on the secondary market, fraud, forgery or incomplete ticket realisation. No more scalpers and high price cap for entering the market for distributors. The Crypto.Tickets platform solves all these problems and ensures a mutually profitable interaction for all market players.

EON Blockchain provides a high level of security for the platform. It combines transparency of decentralized systems and bank secrecy features, enabling the division of rights between users and ticket systems and granting access rights according to their responsibilities. Anyone can watch accounts identificators and track any transaction with block explorer. However the content of transaction is protected with electronic signature. Therefore, you can easily determine that the ticket actually exists and find out the identificator of the person who purchased it but the details, such as purchase amount and so on, are kept private. And, where the swindlers do not see the purchase, they cannot intercept or fake it.

Fraud from the organizer’s side is also excluded. To guarantee full protection from fraud for the users there is a system of insurance deposits. Events organizers contact Crypto.Tickets via dedicated ticket systems. And such ticket system can only join  Crypto.Tickets after providing an insurance deposit. This deposit is needed in case this system’s members start taking some actions against the common network. Ticket purchase is made by smart contract, which transfers buyers money to organizers’ account only after the system determines that the transaction is effective. If an organizer is new to the system or had some slip-ups in the past, then he or she will only get the money after the event. For old and confirmed organizers conditions may be more flexible. But even here there is no way to get 100% of the sold tickets’ money before the event.

Crypto.Tickets is a project creating a unique Blockchain ecosystem which will forever change ticket sales for the mass event industry. Its mission is to establish a new standard for the ticket industry – without speculations on the secondary market, fraud, forgery and incomplete ticket realisation. Blockchain technology disposes of these problems forever, making the relations of market participants simple and transparent. Crypto.Tickets ICO campaign starts on October, 5.

Exscudo is the nextgen financial ecosystem that unites the traditional financial system and the cryptocurrency market. The main goal of the project is to create a single gate to cryptocurrency market for everyday users, professional traders, investors and financial institutions. Exscudo’s ecosystem consists of a Stock exchange, a b2b cryptocurrency merchant, mobile wallets, trading terminals, bank cards and a protected messenger. The developers team consists of professionals who have many years of experience in the development of financial products and services. More information about the team can be found on the Exscudo website.

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About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

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 of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme. 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+ citiies. He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe.  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, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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