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Aventus | CRYPTS NEWS
Wednesday , December 19 2018
Home / Press Release / Aventus

Aventus

Aventus is a global open standard for the exchange of tickets. Its blockchain-based platform 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.

How it works

Set Your Own Ticket Market Standards
Choose if you want your tickets to be resold and in what price range, and even set a fee that you earn from every resale! No one can scam the system, so no more counterfeits and unfair, unregulated ticket black markets ruining your brand name.
Promote your event
Leverage blockchain-based micro-payments to create complex reward schemes for ticket buyers in exchange for generating you more ticket sales, drastically decreasing your promotional spend.
Sell and Verify Tickets with minimal Fees
Sell tickets for a fraction of the cost on the blockchain. At the event, allow your staff to easily and securely verify tickets at the door and the bar with just our app and a smartphone.
Technology

There have been two main types of technological solutions deployed in an attempt to address some of the difficulties referred to. The first comprise mechanisms which only allow the resale or other transfer of a ticket at its primary market face-value or lower. This is used by primary markets such as Resident Advisor or fan-to-fan transfer marketplaces like Twickets . The second category comprises data-driven techniques for identifying 4 touts at the point-of-purchase and for identifying tickets on secondary market websites. Companies using this second category of approach include Songkick and Dice.fm (the latter, incidentally, also preventing resale of its tickets altogether). Unfortunately, both of these technological methods fall short of solving the range of problems previously outlined: • preventing resale altogether prevents genuine fans who for legitimate reasons cannot attend the given event from selling their tickets on to other fans; • mandating that transfers must be for the primary market face-value or less creates incentives for black-markets (for example, with tickets being transferred online at their face-value but with an offline monetary transaction also taking place); and • seeking to identify touts using machine-learning is an intractable problem to solve, as ’scalpers’ (those on-selling at inflated prices) can create tools to learn the search algorithms and change their behavior accordingly to avoid their conduct being identified.

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