Blockchain Platform Believes It Is the ‘Golden Ticket’ for Saving the Live Events Industry
Connor Blenkinsop's original article for cointelegraph.com reduced by 55%
A new blockchain-based platform says it has bold plans to transform the events industry - eliminating middlemen to reduce costs for organizers, promoters, entertainers, suppliers and consumers alike. Ticket prices can soar because of secondary black markets, inefficient systems can mean that tickets are duplicated, payments to top talent can be delayed, and organizers can face an uphill struggle as they look for new venues and sponsors. Three core valuesEvedo says that it prides itself on its three core values of "Trust, creativity and empathy," and believes that its infrastructure can help those working behind the scenes on major events achieve creative and exciting results, all while reducing the amount of time and effort they spend on realizing their vision.
In explaining how its infrastructure works, Evedo's white paper adds: "The B2B platform is designed as an effective search engine where the event organizer can find all resources, partners and suppliers by listing the detail regarding their planned event. The event organizer can browse and filter by multiple criteria such as dates, type of event, expected number of attendees, specific technical equipment requirements, logistics, hotels, staff needed on site, advertising and media coverage." The golden ticket to a slick eventThe startup's offering is going to be complemented by a business-to-consumer platform that is designed to weed out the problems associated with buying and selling tickets. Evedo says the goal is to end the "Money leeching activities of unwanted ticket bots and scalpers" by ensuring that issuers remain in full control of the number of tickets sold.
The platform also believes that venues would also see their profits rise, as lower ticket prices would result in a greater number of events to cater to rising demand.
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