NFTicketing Team, Budapest, HU
SmartTicketing platform for the next generation sales and management of smart tickets
The problem with traditional paper-based or even digitized tickets is that after the sale, support for the further lifecycle of the ticket is lost. It does not provide any protection against ticket forgery and thus provides an open field for fraudsters in the ticket sales market, thus harming both the buyers and the sellers too.
There are 3 actors in the current market of ticket sales: the ticket seller who uses an honest but outdated system, the honest customer who wants to use the service, and the dishonest "customer" (fraudster) among them who does not use the service, but takes advantage of the system's huge mistakes. It causes damage to both the buyer and the seller by forging tickets, selling them multiple times, and establishing a black secondary market.
The NFTicketing smart ticket management technology provides a solution to this problem. It is an NFT-based token ecosystem, which can be used to manage tickets with the technological security and cryptographic authenticity of the crypto and NFT world, with the highest possible security for both the buyer and the seller. This system is not based on outdated paper or QR-code tickets, which can be copied at any time and in any number, and their authenticity cannot be verified, but it is based on unforgeable tokens / tickets stored in the user's wallet.
In this ecosystem, an NFT token-based ticket can only belong to one user and cannot be copied or faked.
A transparent secondary market can be provided for buyers without ticket brokers, in a convenient and secure way for all users.
An already purchased ticket can be securely traded between users, the token is transferred atomically from one user to another, it cannot be sold more than once to more than one location.
For tickets sold on the secondary market, the vendor can earn additional revenue, even after each transaction.
If a wallet is lost, a secondary wallet can be used to recover the missing ticket.
The vendor is able to issue a universal smart ticket to provide multiple levels of access to the event.