Blocktix

Event hosting is an expansive and growing market, yet much like the financial industry, it suffers from constant, systemic challenges regarding fraud prevention, transfers of ownership and intermediary cost. Event hosts use a series of costly, legacy services to provide a solution for these challenges.

Ticket distribution services (Ticketmaster, Eventbrite) are used to simplify the ticketing process and to protect against fraud. The associated surcharge for these distribution services can be up to 15% of the ticket’s value.
Intermediary services such as Stubhub are used in the p2p secondary market to combat fraud and counterfeiting losses. Industry wide, fraud losses exceed $1 billion annually. Many P2P transfer intermediaries charge excessive fees to both buyers and sellers.
A variety of advertising mediums and services are used to sell available tickets to an event. Advertising costs for an event regularly exceeds 20% of the event’s overall budget.
Utilizing Ethereum smart contracts, Blocktix offers a near perfect solution to many of the current challenges facing event hosting businesses.