Blockchain at events

Blockchain has also arrived in the event business.

This will change the role of ticket selling. Fans still face the problem that tickets are often sold out very fast. Later, the tickets reappear for a multiple price on resale platforms. The Blockchain technology now offers great advantages for fans. For example, concert visitors can spontaneously book VIP tickets on-site, pass it on, or order additional services. All this in an unimaginable speed - in real time. Concert operators also can use the technology to see exactly what their customers visited and consumed at the three-day festival. The visitor guidance can also be extended by reward systems. There are also crypto examples from the music industry. The Icelandic indie icon „Björk“ is a pioneer in blockchain-based distribution. Fans can pay for her new album with cryptocurrencies and will be rewarded with audio coins. Blockchain ensures full security for these transactions and requires no intermediaries such as music publishers, labels and distributors to sell songs.

(CF ed. / news agencies /Tiroler Tageszeitung)

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