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.
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.
Russia Is Not Planning To Buy $10 Billion In Bitcoin
“This statement has no common sense. The Russian Federation — like any other country in the world — is simply not ready to combine its traditional financial system with cryptocurrencies.”Sidorenko reacted to the fake news reports from Telegraph where it was noted that Russia wants to invest $10 billion in bitcoin in order to mitigate the economic impact that is brought up from the US sanctions. The rumors emerged on Twitter where a particular user wrote that Kremlin has no choice but to invest in bitcoin and that it is the only way to avoid the harsh sanctions by President Trump. Ginko posted on Twitter and his post went viral after Telegraph wrote a story about it and lots of other websites just added their own touch to it. Ginko is known to the public for making such shocking tweets and comments after once saying that sham investment adviser Bernie Madoff is the real Satoshi Nakamoto. However, Sidorenko said that Ginko’s comments are absurd:
“Even if Russia wants to place its cryptocurrency assets now, it simply cannot do this. We do not have any mechanisms that would allow us to introduce a system: where these assets would be stored, which authorities would be responsible for it, which would be responsible for abuses and stuff.”However, according to Tota Kaliaskarova, the director of macroeconomic policy with the Eurasian Economic Union says that crypto could have a huge impact on the Eurasian economy.
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WordPress Is Launching A Publishing Platform With Blockchain Features
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- Russia Is Not Planning To Buy $10 Billion In Bitcoin
- Huobi Re-Launched As Fully Licensed Platform In Japan
- $1 Billion In Transactions Reported For 2018 By BitPay
- Third Audit Attestation Of USDC Stablecoin Reserves Released By Circle
- 21-Year Old Accused Of Stealing More Than $24 Million Worth Of Crypto
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