The Blockchain events news offers an insight on the exciting opportunities to find the next best happening near you or enjoy one remotely on your laptop!
Blockchain technology offers an exciting opportunity to manage electronic cash without having a central administrator and based on a cryptocurrency, it uses a distributed database so no central entity or government, or even bank will manage the transaction. Instead, it is handled by thousands of volunteers or computers known as nodes.
The blockchain is basically a chain of information that includes the tranasaction information with a timestamp that cannot be altered once it has been recorded. In the near term, the major use for meetings will be for even bigger sporting or music events where scalping and ticket fraud are most common. Some of the direct benefits can be easily spotted.
The elimination of ticket duplication with organized blockchain events is going to be extremely helpful. Blockchain and Ethereum and counterfeit-proof for example and they offer highly secure methods of money transaction so once an amount of BTC is transferred from one address to another, it cannot be replicated. In the blockchain news & events section, you can also learn about the elimination of scalpers which means that ticket bots and touts can be often used to buy up larger blocks of tickets as soon as they go on scale and resell at major prices. Under systems using Blockchain, organizers can set clear rules for the ticket reselling like setting limits on secondary sales commissions.
Blockchain events also make the job easier with centralized ticket sales. The verification nodes are decentralized so the blockchain ticketing system manages to complete the process in a uniform and transparent manner. Blockchain technology can create a more uniform standard of communication amongst the parties and will make ticket booking even more transparent and simpler. The Uniform resale and refund system is also made simpler by the use of blockchain. Every event can be governed by a smart contract like for example, ticket issuing, refunds, and reselling.
The blockchain can lower costs. The technology is now being used by companies like Ticketmaster so the entire process is made more secure and efficient. As society moves to start accepting crypto, we can see more blockchain events news popping up!