30 Jul '17, 10am

Blockchain Startups Take on Ticket Touting, But Will They Gain Traction?

If the fakes don't get you, the bots will. That's about the current state of the ticketing industry – one that, as most consumers know, has dealt with major problems of fraud and counterfeiting as online services have made them more accessible. In one of the latest cases, pop singer Ed Sheeran went so far as to recall 10,000 tickets after touts appeared on Viagogo selling alleged fakes for up to £1,000 apiece. That's not even to mention the use of software bots, which have come under the microscope as so-called "scalpers" scoop up as many tickets as possible and resell them on secondary markets, often for exorbitant prices. Regulation hasn't been enough to stem the damage. In the UK, bot users could be looking at prison sentences , and in Queensland, Australia, it is illegal to resell certain tickets for more than 10% of their face value. Yet, these problems persist. "The ...

Full article: https://www.coindesk.com/blockchain-startups-take-ticket-...

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