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Ticketing Giant Ticketmaster Will Improve Its System By Using Blockchain Technology

Stefan by Stefan
18/10/2018
in Blockchain News
Reading Time: 1 min read
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World-famous Ticketmaster is in our blockchain news today for partnering with a blockchain-based company in order to enhance its services with the blockchain technology.

According to a press release, Ticketmaster partnered with Upgraded which is a blockchain-based live events company. Ticketmaster, on the other hand, is the world’s most popular and biggest live-entertainment business.

The reason for this partnership is to bring more transparency but also bigger and better control over the distribution of tickets.

Also very important, the company hopes that using blockchain technology will protect all the clients from fraud since the current system is based on printed or PDF-based tickets.

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Upgraded will help Ticketmaster to digitize the traditional tickets by transforming them into interactive units that will have higher security level with encrypted barcodes. The founder of Upgraded expressed his excitement and satisfaction for the collaboration with Ticketmaster saying that this is the ‘’perfect time and platform’’ to promote what blockchain can do thousands of fans.

All of the new elements will be simply incorporated in the already built infrastructure of Ticketmaster but with a number of methods that will protect and improve the ticketing process for customers.

Since Ticketmaster has already faced a lawsuit of an alleged ‘’unfair business practice’’ by violating their own policies. Also, the ticketing company has again, allegedly, allowed fake accounts to go around the multiple ticket limits in order to conduct mass sales.

This partnership comes at the perfect time for Ticketmaster and for all customers that use this platform for the sake of their protection.

ADVERTISEMENT

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Tags: Blockchaintechnologyticketing giantticketmaster
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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