Blockparty Introduces Blockchain-based Event Ticketing to Transform Global Live Event Industry

Blockparty platform can eradicate bots and eliminate ticket fraud with the mission of offering improved ticketing experiences for consumers and live event organizers

Blockparty, the leader in blockchain-based live event ticketing, announced on May 16 the launch of its platform that aims to solve prevalent issues in the event ticketing industry. Led by esteemed veterans across the live events and blockchain industries, Blockparty aims to eradicate bots, eliminate fraud, verify ownership and create real demand in order to both deliver an optimal event ticketing experience for consumers, and to allow for sustainable growth for artists, venues and ticket providers.

Blockparty CEO, Shiv Madan, said, “Event goers are rightfully frustrated with the current landscape of the ticket purchasing experience. With Blockparty, we’re reshaping the event ticketing industry to improve the purchasing experience, eliminate reseller exploitation, and give the power back to the people.”

Blockparty’s use of blockchain technology combats unfair pricing, scalpers, fake tickets, and complicated procedures at the gate. To improve the ticket purchasing process, Blockparty’s smart contracts regulate secondary ticket transfers while growing demand by enabling live event organizers, promoters and influencers to earn revenue for sharing events and tickets. Then, for easier event check in, Blockparty eliminates the possibility of ticket fraud and security threats through encrypted advanced facial recognition and fingerprinting technology, ensuring that only the true owner of a ticket can access it while allowing user identity to remain completely anonymized.