EventChain is an advanced distributed blockchain token network powered by SmartTickets™, an intelligent contract ticketing system. EventChain addresses many issues with existing event ticketing systems while also providing the added benefits of using blockchain as its foundation. The EventChain system and its EventCoins incentivize everyone within the ecosystem, including stakeholders such as sports and concert managers, party organizers, social clubs, and event ticket buyers to sell or purchase SmartTickets using EventCoins along with other traditional payment methods.

EventChain will provide a simple user interface for event managers to manage and execute SmartTicket sales for small to large events on a global scale, backed by blockchain technology and EventCoins, leading to a true peer-to-peer (P2P) network for buying and selling event tickets.

Without needing to understand the underpinnings of decentralized technology, EventChain has the potential in the real world to become the first blockchain application that the public will widely use.

Project Highlights

The Ethereum blockchain mainnet underlying EventChain provides the necessary framework for scalable, fast, and cryptographically secure SmartTicket transactions. This system will enable tech-based smart contracts to create SmartTickets, leveraging the power of EventCoins as proof of purchase. The EventChain ticketing platform can operate alongside fiat currency; however, SmartTicket functionality is optimized when used with EventCoins.

SmartTickets act as evidence of purchase for an event, containing enforceable preconditions that can be programmed into a ticket based on smart contracts, using Ethereums native programming language, Solidity. These conditions can be modified to store immutable information for any conceivable event.

Implementing EventChains blockchain token network presents opportunities for event management to upgrade the current event ticketing industry, offering faster transactions, indisputable tickets, transparency from event organizers, and fully programmable features of EventCoins.

The Ethereum network provides a distributed, Turing-complete virtual machine capable of running a vast number of decentralized applications (dapps), including smart contracts, token systems, distributed file and data storage, and the creation of decentralized autonomous organizations (DAOs). Anyone can implement a smart contract to solve any computational problem, translate the logic of other programming languages, and convert it into an enforceable Solidity contract. Ethereum is the ideal foundation for EventChains SmartTicket system.

Use Cases

1. Offering advanced functionalities of SmartTickets through EventCoins to address a wide array of problems associated with event ticket sales. For more details, please refer to the following sections.

2. Providing perks to holders of EventCoins such as early access to tickets, premium seating, and price discounts.

3. Promoting the use of EventCoins on the EventChain smart ticketing platform. While EventChain will use EventCoins across different payment channels from over 205,000 providers in 182 countries and accept EventCoins for purchasing products and services, these significant ticketing benefits will only be offered to those who use EventCoins.