Asia Blockchain Week, 2018: Buy Tickets through Blockchain!
Blockshow brings another success to its name and the it already stands tall with their next conference in Singapore after doing successful events in Berlin and the sin city, Las Vegas.
Asia Blockchain Week, 2018 which is scheduled to take place on the 28th& 29th of November has brought in use a smart contract powered by Ethereum, the secure and easy to use Blockchain Service Providing them with the interface.
An Experiential Learning: Blockchain Based Ticket System
With only three days left for the conference, a centralized service for ticket ownership shall enable users and attendees to book ticket directly through the Smart Contract DApp. Once the transaction is complete & confirmed in the Blockchain, an attendee shall have full ownership to the ticket. This ownership is also transferable by way of gift tickets feature.
As reported by The Next Web,
“The account that bought the ticket is able to transfer it to any other account without any limits or intermediaries, in the same way as any other cryptocurrency. And because this is a decentralized solution, there are no limits to usage of any other wallets and interfaces as well.”
The experts at Snapper opined that this in itself establishes a case study and makes it positive that Blockchain Technology can bring a revolution in the ticketing industry which has suffered numerous problems like price controls and the transparency & non involvement of a third party can lead to huge cost cutting for any company. This can also save Companies from huge losses which can happen in operations and counterfeiting of tickets as every ticket shall have a unique identification.
In Brief: The Blockshow
Asia Blockchain week 2018, Blockshow’s conference will feature important speakers like Naseem Aslam(Irish Broker’s Young Award Holder), Bobby Lee (Board Member of Bitcoin Foundation), Vincent Zhou, Stanley Yong, Jason Hsu & many more. The full list is available on their website and can be accessed from here.