Secondary ticketing in the UK is a billion-dollar problem, one that Aventus hopes to solve with blockchain technology.
Whether it’s your favorite football match or your music idol’s concert, front-row tickets are probably what you’re after. However, if they happen to be sold out by the time you can afford them, you might be tempted to purchase these tickets from unscrupulous secondary parties.
Prepare to be met with counterfeit tickets and sky-high prices. According to The Guardian, secondary tickets for shows for big artists, such as Adele, can fetch up to $ 12,000. Preventing these so-called ticket touts seems to be a decades-old issue, but something that blockchain technology could solve.