Ticketing

Applying Blockchain to protect consumers against ticketing extortion

In the last 12 months, the online ticketing market was valued at over $46 billion, forecast to double by 2025. Proportionate to this growth, ticketing fraud has grown with equal vigour.

The extortionate secondary market (resale) ticket prices at inflated prices is currently one of the biggest security issues in the industry, impacting the bottom line through revenue loss, and ultimately lack of consumer trust in the credibility of the brand.

Ticketing
Blockchain counteracts fraud - helping institutions to build trust

In the last 12 months, the online ticketing market was valued at over $46 billion, forecast to double by 2025. Proportionate to this growth, ticketing fraud has grown with equal vigour.

The extortionate secondary market (resale) ticket prices at inflated prices is currently one of the biggest security issues in the industry, impacting the bottom line through revenue loss, and ultimately lack of consumer trust in the credibility of the brand.

Ticketing
How BAF helps?

Blockchain technology offers a fraud solution to protect the security of ticket sales and regulate the marketplace to counteract the rise of the illegal resale market. By standardising the ticketing protocol into a detailed history every single ticket will be automatically associated to an immutable record making it impossible to replicate the same ticket. Each new unique ticket ID is then tied to its actual owner, making replication impossible.

The extortionate secondary market (resale) ticket prices at inflated prices is currently one of the biggest security issues in the industry, impacting the bottom line through revenue loss, and ultimately lack of consumer trust in the credibility of the brand.

REDUCED FRAUD

SECURED RECORDS

INCREASED EFFICIENCY

PROTECTED PRIVACY

How BAF helps?

Blockchain technology offers a fraud solution to protect the security of ticket sales and regulate the marketplace to counteract the rise of the illegal resale market. By standardising the ticketing protocol into a detailed history every single ticket will be automatically associated to an immutable record making it impossible to replicate the same ticket. Each new unique ticket ID is then tied to its actual owner, making replication impossible.

The extortionate secondary market (resale) ticket prices at inflated prices is currently one of the biggest security issues in the industry, impacting the bottom line through revenue loss, and ultimately lack of consumer trust in the credibility of the brand.

REDUCED FRAUD

SECURED RECORDS

INCREASED EFFICIENCY

PROTECTED PRIVACY