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In one of the first real world applications of Blockchain technology, BitTicket aims to put an end to the large scale ticket touting scandal plaguing the live events industry. On launch they have partnered with TheTicketSellers who will become the UK's first large scale ticketing platform to implement real world blockchain technology. Sign the BitTicket petition to end industrial ticket touting and learn more at www.bitticket.io.
BitTicket is set to revolutionise the ticketing market, using blockchain technology to make the ticketing industry a fairer place to operate. Their aim is not to disrupt the industry, rather to become part of the buyer's journey providing greater security that also tackles industrial touting and counterfeiting. After rigorous testing at live events and the completion of stress testing, BitTicket’s radical system can now be implemented across multiple ticket vendors.
Ticket touting is all too commonplace for the contemporary consumer. Secondary ticketing is a £1bn-a-year industry and professional touters enlist specialist software to buy hundreds of tickets at the same time, purely to create demand and make profit. Previously BitTicket Co-Founder Phil Shaw-Stewart created Citizen Ticket, an ethical ticket provider, but soon realised that touting was endemic within the industry. Only a cross-provider solution would help to combat this, and BitTicket was created.
Phil Shaw-Stewart, Co-Founder of BitTicket comments:
“We met the TheTicketSellers at Shambala and immediately knew we wanted to work with them. TheTicketSellers are one of the UK’s most trusted independent ticketing sites, have sold 2 million+ tickets to date and manage multiple large scale independent festivals including Boomtown Festival, Shambala and Nozstock The Hidden Valley. They are an amazing team that take great care in looking after their clients and customers. They will now be the first ever ticketing platform to implement BitTicket.”
Phil Hayes, CTO, TheTicketSellers said:
“At TheTicketSellers we've invested heavily in the checkout experience for customers to ensure that buying tickets is as easy as possible. Now, with our partnership with BitTicket our customers will have the reassurance that their purchase is backed by their innovative blockchain technology. We look forward to seeing this become the industry standard and are proud to be part of the initiative on day one.”
Jonathan Edwards, Director, Gala Festival said:
“BitTicket is the future of ethical event ticketing to benefit the ticket purchaser, event organiser and artist. Using tried and tested blockchain technology it provides a transparent, safe and secure platform that is set to level the event ticketing industry for the good of all involved.”
BitTicket technology will use a wallet feature to store tickets, meaning that any ticket from any provider is held in one place and the whole ticket journey can be tracked by promoters from purchase to entry. They utilise identity profiling and the openness of the blockchain to root out ticket-touts and ticket bots.
To find out more about BitTicket and sign the petition head to their website here
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