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Aventus Classic, a Blockchain-Based Solution for a Safer Ticketing Industry


Aventus Classic, a Blockchain-Based Solution for a Safer Ticketing Industry

In its bid for a highly safe ticketing industry, Aventus, a blockchain-based protocol primarily dealing in digital assets, has released, Aventus Classic. The announcement came in an official blog post marking the company’s first foray into building a safer digital community.

The announcement laid emphasis on the blockchain-backed company’s “first real step” towards dealing with the open-source community. Aventus Classic would be open to global contributions from all over the world taking a sharp turn from being developed solely by the Aventus Protocol Foundation.

A Safer Digital Community

Clashing with the release came the news of the annual “Aventus Classic DApp Competition” in collaboration with The Satoshi Awards. Participants would be required to build a blockchain-backed ticketing system, a ticket sales platform, and an access control application. The winning model would be used as the official ticketing platform for The Satoshi Awards debut event in 2020. The competition would be open to all blockchain team or developers and would be held from 12 September to 12 November 2019.

The winner would be awarded a prize sum of $15,000 in Ether and 2 VIP tickets to the official ceremony.

Steve Ellis, CEO, and founder of The Satoshi Awards expressed his delight in collaborating with Aventus on the open-sourced ticketing platform. The event would prove resourceful for both the companies as it would promote for a safer and more transparent digital system. The need for a safer digital platform has been a cause of graving concern. In 2018 it was reported that ticketing giant, Ticketmaster, has bought Upgraded, the blockchain-backed live events firm in its bid to handle issues arising in the ticketing industry. Ticketmaster with this event planned to use blockchain technology to promote a safer and more reliable ticket distribution system.

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I am a content writer with interests in life sciences and blockchain. I believe that blockchain has the potential to transform every aspect of human endeavor. I love surfing the internet, reading, learning new things, and trying new cuisines.


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