Decentralized SmartTickets Platform for Artists.
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Event Chain.js will integrate a SmartTicketing infrastructure which harnesses exclusive benefits enabling functional programming inside of SmartTickets. An external Oracle will act as a communication channel between users and the Ethereum Blockchain for implementing further functionality into SmartTickets including smart centract functionality. Oracle based contract execution communicates to users with the Ethereum blockchain, verifying the validity of SmartTicket.
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What is EventChain
EventChain is an advanced decentralized blockchain token network that powers a unique smart contract ticketing system (SmartTickets). EventChain solves many of the problems with current event ticketing systems available today while providing the additional benefits of using a blockchain as the foundation. Both the EventChain system and its EventCoins encourages everyone in the ecosystem, including all stake holders such as event managers of sport and concert events, party organizers, social clubs and ticket purchasers to sell or buy SmartTickets using EventCoins and other traditional payment methods.
DetailsRaised: 11,249,139 USD
Token infoTicker: EVC
Token price in USD: 1 EVC = 0.42 USD
Accepted currencies: ETH
84,000,000 Total. 54,600,000 (65% ICO) 12,600,000 (15%) of the EventCoins 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 EventCoins. 1,680,000 (2%) of the EventCoins are reserved for a Social and Bug Bounties account. 6,720,000 (8%) of the EventCoins are reserved for an event sponsorship account. 8,400,000 (10%) of the EventCoins are reserved for early contributors.
EventChain.js will integrate a SmartTicketing infrastructure which harnesses exclusive benefits enabling functional programming inside of SmartTickets.
EventChain will create a ticket exchange interface to enable users to effortlessly buy, sell and trade their authentic tickets in a matter of seconds. Users will utilize an interface that pulls available information from the EventChain database in order to exchange SmartTickets.
The EventChain database will hold relevant information of user data, event information and ticket history. Storing excess data on the Ethereum blockchain can be very costly and ineffective at this point. By leaving the Ethereum blockchain focusing solely on completing transactions users will have a faster and smoother ticketing experience.
An external Oracle will act as a communication channel between users and the Ethereum Blockchain for implementing further functionality into SmartTickets including smart contract functionality. Oracle based contract execution communicates to users with the Ethereum blockchain, verifying the validity of SmartTicket transactions in a reliable and efficient manner. The EventChain oracle will store external personal and historical data to remove excess computational stress from the blockchain.
EventChain will develop a mobile platform for accessing the SmartTicket framework on both iOS and Android apps. With the majority of users transitioning primarily to mobile computing, these applications will likely be the principal source for buying and selling tickets conveniently. With the EventChain apps, anyone will be able to purchase a ticket for an event quickly and easily. An event goer could theoretically purchase a ticket outside of a venue and within seconds have an immutable ticket on the blockchain for attending an event.
EventChains standalone desktop system will enable users to access EventChains platform from any computer or mobile device. It will also include an Ethereum ERC20 light wallet for holding and managing EventChain EVC Tokens and other ERC20 tokens, checking balances and quickly buying or selling SmartTickets with other users directly. In the case where purchasers dont have a mobile device, printing a ticket or writing down the public and private SmartTicket keys on a piece of paper can prove SmartTicket ownership entering an event with no portable technology needed.
EventChain in partnership with the SPH VR Network will release a Virtual Reality based VRTicketBox to purchase tickets for VR and non VR events.