A World Without Digital Barriers

We are developing software that leverages scalable blockchain technology to combat ticket fraud. By controlling every individual ticket transaction, even those conducted outside our platform, we can prevent a ticket from being sold to multiple people. When a ticket is resold, the original owner automatically loses access, and ownership is transferred to the new buyer following a confirmed fiat payment (Vipps, VISA, Mastercard, Apple Pay). Each ticket functions as a smart contract/token, with all logic managed by us, ensuring that the ticket can only be sold once. Buyers can always verify the authenticity of their tickets.

By integrating the local payment solution with blockchain technology, we gain control over resale prices. When a ticket is listed for resale, the only way to transfer ownership is through our platform, using a local payment service, at a price we define. This ensures that sellers cannot inflate ticket prices. Additionally, we will apply a 5% fee for the 'Secure Ticket Sale' service, which will be shared with the organizer. This not only increases revenue for the organizer but also ensures that end users avoid paying inflated prices on the black market.

We are creating a new market by allowing investors to invest in future ticket sales through our technology. To secure capital before an event, organizers can issue tokens, functioning as ticket-bonds, which can be sold to investors. These tokens are directly linked to our ticketing system, ensuring that the token holder receives a share of the ticket sales each time a ticket is sold. Additionally, this approach helps mitigate some of the financial risks associated with bonds. For Example: For a major festival that typically generates $10 million in ticket sales, the organizers might seek to raise $1 million in advance. They can achieve this by issuing a ticket bond, offering 11% of their future ticket revenue in exchange for the $1 million upfront. If the festival generates $10 million in ticket sales, the investor will receive $1,1 million USD (10% interest in his investment). This concept is similar to traditional bonds but removes some risk factors.

TicketToken operates without a traditional backend. Instead, we embed the entire ticketing system’s logic directly onto the blockchain. This means there’s no central server for hackers to target or take down. To disrupt our system, an attacker would need to compromise the entire blockchain. This has never been done before and is nearly impossible.