EventChain - Troubleshooting Ticketing In Event Industry

Ticket Issues

Counterfeit tickets are created and sold for events.
A finite amount of immutable SmartTickets will be available for each event and are tied to an event’s smart contract. Each SmartTicket has a unique nonce, or unique sequence number that makes it impossible to be sold multiple times or counterfeited on the network. Proof of ownership can be verified through the Ethereum blockchain by implementing zero-knowledge proofs whereby a purchaser can prove ownership of their ticket without revealing any information besides the fact the ticket is theirs.

Tickets are often hard to resell with undeniable proof that the ticket is an authentic original ticket.EventChain can seamlessly transmit tickets through the blockchain to anyone for gifting or reselling. SmartTickets have the ability to maintain data in the form of smart contract code and can be interpreted through the EventChain Oracle, so if a SmartTicket is resold all of the original ticket information is still embedded on EventChain’s framework.

Resale Issues
Allegations of event ticket vendors and resellers scalping their own tickets and then reselling them for as much as a 200% mark-up on their own subsidiary platforms are not uncommon.
SmartTickets are fully programmable, enabling smart contract code that can peg tickets at a permanent price, designate a maximum markup value, or attribute any other individual or group ticket pricing variables on both the primary and secondary markets.To prevent massive ticket purchases from scalpers, event ticket distribution options can be tailored with any custom range on the amount of tickets available to single users or groups, and optional constraints that allow for alternative distribution methods.

Ticket scalpers deceive purchasers into buying re-sale VIP tickets at outrageous prices, but do not qualify them for VIP features because the tickets are VIP ineligible under re-sale terms.EventChain will have an integrated ticket resale reputation system, allowing event ticket vendors and resellers to build and grow their reputation as they sell SmartTickets. Scalpers will be clearly identified by their SmartTicket reputation.

What is EventChain?

The EventChain Smart Ticketing platform was launched to create a peer-to-peer infrastructure where event tickets have no excessive processing fees and are widely available on a platform for everyone. There are so many problems with the current event-ticketing industry that can be fixed by EventChain’s SmartTicket platform. A lot of event goers are fed-up with monopolistic control with common problems including unfair ticketing fees, website crashes and single points of failure, ticketing scalping and ticket resale mark-up, and unfair cuts for artists who do most of the work with little return.

With EventChain you can create online or local events from any device, and make Smart Tickets available to event participants globally. The EventChain blockchain token network for event management presents the opportunity to upgrade the current event ticketing industry to faster transactions, indisputable ticket vouchers and transparency from event hosts and fully flexible and programmable Smart Tickets through the use of smart contracts on the Ethereum blockchain.

Smart Ticket Use Cases:

Smart Tickets are all fully programmable, enabling smart contract code that can fix tickets at a permanent price, designate a maximum mark-up value, or attribute any other individual or group pricing variables.

To prevent massive ticket purchases from scalpers, event ticket distribution options can be tailored with any custom range on the amount of tickets available to single users or groups, and optional constraints that allow for alternative distribution methods.

EventChain will have an integrated ticket resale reputation system on a distributed secondary market, allowing event ticket vendors, promoters and fans to build and grow their reputation as they sell Smart Tickets. Scalpers will clearly be identified by their Smart Ticket reputation.

EventChain will utilize various payment gateways that accept EventCoins to purchase products and services from over 205,000 vendors across 182 different countries. Payment gateways convert the EventCoins in real time to the vendor’s currency.

EventChain Features

EventChain Oracle
EventChain’s Oracle will be set-up to push and pull data from smart contracts to alleviate computational stress from the Ethereum Virtual Machine and will communicate through an integrated EventChain plugin, distributable across the web for access to ticket purchases and interaction with the SmartTickets system.

Data Analysis
SmartTicket meta-data about event related information can be used for statistical analysis. For example, event creators can forecast future ticket sales using variables like the quantity of SmartTickets sold for each event, how many were initially available and how quickly they sold and at what prices. This information is recorded in real-time so the amount of SmartTickets remaining to upcoming public events is transparent for everyone to see.
Forwarding Contracts

When an RSVP deposit or partial payment for an event is needed, EventChain will utilize “forwarding smart contracts” where transactions can be initialized and the terms are guaranteed by the SmartTicket system, enforceable until the event is completed or whenever the custom timestamp expires.

SmartTicket Digital Collection
Each SmartTicket purchaser will have access to a permanent record of which events they attended based on their transaction history displayed through the EventChain transaction framework on the EventChain Oracle, creating a digital collection of ticket stubs and a literal “chain of events” to recollect memories over and to share with friends and family or on social media.These extra features incentivize the adoption of the SmartTicket platform. As the network grows, so will the utility of the EVC Tokens for operation and value added features.

EventCoin Distribution

ICO Date:

" September 13th 17:00 GMT - 09:00 PST - October 14th "

EVC Tokens are allocated into the token sale for participants as follows:

Pre-Token Sale 11,000,000
Phase-1 Token Sale 36,000,000
Phase-2 Token Sale 7,600,000
Token Sale Cap 54,600,000 (65% of the EVC Token supply)

The total supply of EVC Tokens is allocated as follows:

Participants 54,600,000
EventChain 12,600,000
Bounties 1,680,000 (Social & Bug Bounties)
Sponsorship 6,720,000
Early Contributors 8,400,000
Total 84,000,000

Details Of EventCoin Tokens Allocation :

54,600,000 (65%) of the EVC Tokens are distributed to the participants, liquid immediately after the token sale ends.
12,600,000 (15%) of the EVC Tokens are distributed to EventChain’s legal entity. These tokens will be vaulted for a two year vesting period whereby 25% of tokens will be unlocked each subsequent six months, beginning from the date that participants receive their EVC Tokens.
1,680,000 (2%) of the EVC Tokens are reserved for a Social and Bug Bounties account. Allocated EVC Tokens will be used for translations, marketing, business bounties on a social level, bug bounties for the EventChain token sale contract and other incentives to reinforce honest conduct on the EventChain platform on an ongoing basis.
6,720,000 (8%) of the EVC Tokens are reserved for an event sponsorship account. Allocated EVC Tokens will be used for accommodating and sponsoring worldwide events, hosting EventChain events and event related activities to further community involvement.
8,400,000 (10%) of the EVC Tokens are reserved for early contributors. EVC Tokens allocated to advisors and corporate partners will be vaulted under the same terms as EventChain’s EVC Tokens, with a two year vesting period and a six month cliff with a 25% release each subsequent six month period, beginning from the date that participants receive their EVC Tokens. Early contributors that receive EVC Tokens in lieu of wages will not be vaulted.

After a period of three years, EventChain will have the option to continue to utilize the bounty, sponsorship and early contributor accounts or to assign any portion of the unused EVC Tokens remaining in the three accounts to EventChain’s legal entity.

Roadmap EventChain

Leadership Team EventChain

The Leadership Team consists of top business professionals, entrepreneurs, and innovators in the fields of cryptocurrency, media & broadcasting plus many years of software development.

Ashton Addison - CEO, Founder Ashton earned BBA Business Administration, Accounting & Finance (University of the Fraser Valley) in 2016.He has been a leader, entrepreneur and avid technologist of blockchain technology since 2013. With a decade of experience in markup language and website development and always hunger for knowledge, Ashton continues to study coding, introduce crypto, and live for cutting edge technology. With a special place for the Ethereum and smart contracts. He founded the online news network FinTech and digital broadcasting Crypto Coin Show and has a crypto community on YouTube, Facebook and Twitter.
Jesse Couch - Cripto legend & developer Jesse is a crypto legend. Genetically engineered etereum block. Many 1000x and 100x back on top crypto project. Jesse is a veteran in the cryptographic industry, with extensive programming knowledge and experience as a crypto and proof developer and works in the development languages of Linux, Apache, MySQL and PHP.Entering the blockchain area in early 2011, it has long-term experience in bitcoin trading, altcoins and currently manages the block platform of Real Time Real Time Business Flow, integrating blockchain business with virtual reality at the forefront of innovation.
Dino Bassanese - Chief Product Manager Dino has many years of experience in managing Software as a Service product development including in-depth target market research, competitor and strategic analysis, feature specifications, website design, wire framing and UI / UX, quality assurance.His project management skills include planning, executing, controlling and closing his teamwork to meet specific goals based on tight software projects deadlines. Its commitment to ensuring user friendly applications and customer focus is unparalleled.
Hasham Ahmad Lead Developer Hash is a senior full stack developer bridging the gap between web 2.0 and 3.0 with Ethereum and solidity contract development. With major experience in PHP, SQL, TDD and knowledge on at least 10 different architectural systems, he is well versed in almost every type of project. Since his Computer and Business studies he has created and managed numerous open source projects like Daikon Library including advanced microframework integration. Hash brings quality open-source back-end application development experience to the EventChain team.
Chong Foo Chaw Managing Director, Zhaolim Pte. Ltd. Chong Foo Chaw has 25 years of experience in business management and start-ups across various industries, advising in areas including strategic business planning, intellectual property management and operations management. Mr Chaw started his career with Goldman Sachs and Morgan Stanley and has also served as the Senior Independent Advisor at Deloitte & Touche Corporate Finance Limited Hong Kong SAR and People’s Republic of China, Director at Qualitas Medical Group, and Managing Director of Canadian Maple Leaf Holdings Ltd.
Jay Addison President Jay is the CTO of Click4Time Software. Jay took a keen interest in Bitcoin in 2009 and in 2013 he became a regular at the Bitcoin blockchain meet-ups and began formulating many concepts of applying blockchain technology to everyday products and services. Jay has also been a professional broadcaster for over 25 years and covered the Inside Bitcoins convention in Las Vegas in 2014, interviewing 34 top CEOs and founders of blockchain based start-ups. Jay can be seen on Reuters Insider Financial Network, YouTube, DailyMotion and many other media channels.
Geoffrey Spooner VP Sales Geoffrey is a founder and VP Sales of Click4Time Software. He has an extensive background delivering high-level technological solutions to enterprise clients across the globe. He has been responsible for establishing Click4Time’s corporate clients, successfully bringing booking solutions to users in over 15 countries with a track record of success in developing and emerging economies like Africa. Geoffrey specializes in internal and external growth-driven marketing strategies and is fully dedicated to growing the EventChain communities uniting from around the world.