If you’ve ever attempted to purchase concert tickets online, the odds are good that you’ve run into one of the many issues with paper ticketing: you can’t buy multiple tickets at once unless you want to purchase a full package; it’s nearly impossible to resell unwanted tickets later because there’s no way to verify authenticity; and if you ever lose your physical ticket, you’ll be out the money and forced to miss the event. Time to make a change!
How ineffective ticket vending devices are
Customers must interact physically with vending machine equipment in order to make purchases. These gadgets are not only a hassle, but they can also be frightening, especially for those who are not very at ease with technology. Consider how challenging it would be, for instance, for an older person with little experience using smartphones or tablets to buy tickets at one of these devices.
Another issue with ticket vending machines is that they forbid customers from reselling any extra tickets, which regrettably happens frequently as a result of unplanned events like illness or auto accidents.
Many business experts assert that there must be a solution that can provide convenience without compromising scalability for these and other reasons.
New technologies might cause this sector to collapse.
A new invention called Nft, or non-fungible tokens, has the potential to upend the ticketing business. Events would be able to track their attendees in addition to the assets (tickets) themselves with the use of this new technology.
Physical tickets can now be replaced with digital assets thanks to new developments in access control and Whitelabel NFT marketplace development technology. This has many advantages, including the elimination of counterfeiting, the reduction of fraudulent secondary markets, security advantages, and more.
Benefits of blockchain technology compared to conventional technologies
Nft offers a chance to use blockchain technology to provide, among other things: permanent property rights, higher liquidity, distributed and transparent ownership, and more.
If this is the best option for your needs, our devoted staff can guide us through implementation and assist you make that decision.
In order to build and run some of the most popular event-ticketing platforms currently available on the market, we have spent more than 15 years developing reliable proprietary software.
Our team has contributed to the creation of industry best practises that promote ethical business operations while upholding consumer safety thanks to our extensive expertise as a Nft marketplace development company.
How can we make tickets transparent by incorporating blockchain technology?
NFTs are digital tokens that can be purchased, traded, or issued by businesses and people. They are based on blockchain technology. Our ticketing system needs to be powered by a professional blockchain development company in some way if we want to ensure that this procedure is transparent.
Using blockchain technology in this situation has numerous benefits, including: First of all, a blockchain-based transaction’s audit trail will be immutable, and secondly, features like encryption keys will limit who can make changes to key holders alone.
As a result, there won’t be any more cases in which groups of tickets wind up on secondary markets before they’ve even been made available.
What choices do customers have when using NFT ticketing?
- Bonuses and incentives are given to them by the event organisers.
- They can generate revenue by reselling tickets to forthcoming events they won’t be able to attend.
- They can offer rare tickets that collectors want to buy.
- To keep memories alive, they might carefully save tickets.
- They can interact with the neighbourhood of an event organiser.
What opportunities can organisers expect from NFT Ticketing?
- They can create artistic tickets that tell the story of an event and pique people’s interest in collecting them.
- They are able to verify each ticket’s validity and locate the owner.
- A percentage of the revenue is paid to the ticket owner when an NFT ticket is resold.
- They could gain access to information that might help with upcoming events.
- They can quickly send NFT tickets via SMS or email.
