Uploaded on Apr 3, 2025
CounterTEN specializes in elevating sports events through creative and interactive solutions. Our powerful Fan Engagement Platform helps sports brands deliver unforgettable experiences to their audience, both online and at live events. We offer tools to boost fan interaction, loyalty, and excitement, making every event more impactful. With CounterTEN, sports organizations can easily engage fans through customized activities, contests, and real-time interactions. Trust CounterTEN to transform your sports events into fan-centered, dynamic, and memorable occasions with measurable results and lasting connections.
Fan Engagement Platform
The Power of
Blockchain in Ticket
Resales:
A Transparent Solution for Events
Blockchain technology is revolutionizing the event ticketing
industry by offering secure, transparent, and efficient solutions for
ticket resales. If you think about how such ticketing technology
works, it goes hand-in-hand with event tickets. Physical tickets are
usually a single piece of paper and are only valid for entry or
seating at an event. In that sense, tickets are fungible. Smart
ticketing systems change how events manage access by adding a
new level of ease and transparency.
Because in-person events have capacity constraints, digital tickets
are sold on a limited basis, much like traditional tickets. As a
result, Ticket resale blockchain solutions have become more
popular, guaranteeing safe and open secondary ticket sales. With
blockchain, event organizers can gain more control over the event
experience.
Website
www.counterten.com
The drawbacks of traditional
ticketing and the rise of
blockchain solutions
The lack of oversight or control over the distribution of tickets
through a limited number of channels is a disadvantage of
traditional ticketing. Traditional systems are ripe for exploitation,
such as resellers inflating prices. For example, resellers in the
secondary ticket market can inflate prices, and ticket scalpers
can buy most tickets online and resell them for more money. This
practice often leads to unfair pricing, frustrating genuine fans. On
the other hand, ticket resale platforms offer a transparent, secure,
and decentralized solution.
With the use of an fan engagement platform, event organizers
can better manage ticket distribution and prevent unfair price
hikes. Blockchain ensures greater fairness in the ticketing
process. Here’s how blockchain revolutionizes ticket resales:
Website
www.counterten.com
Ensuring transparency with blockchain
technology -
Anyone may follow transactions using ticket reselling blockchain
technology, which makes it simpler for everyone to determine the
time and location of ticket purchases. Both buyers and sellers gain
from transparency. Primary and secondary ticket sales are more
within the hands of the event organizers.
This gives organizers the authority to impose ticket restrictions and
stop fraud. By ensuring that only authentic tickets are resold, an
advanced Ticket resale verification system can further lower the
risk of fraud and counterfeiting. Through blockchain, resales can be
tracked and authorized, ensuring only valid transactions.
Website
www.counterten.com
The role of smart contracts in smart
ticketing -
A smart contract, which is a blockchain-based program, can also be used by a
Smart ticketing technology system to assist in restricting fees and resale value.
Smart contracts reduce the need for intermediaries, offering a more direct
approach. A smart contract is just a standard contract with the ability to self-
execute specific activities under specific conditions.
This makes transactions more secure and efficient. By establishing a rule that can
initiate a royalty payment each time the ticket is sold to a new owner, organizers can
control the distribution of royalties on secondary ticket sales. Royalties ensure fair
compensation for event organizers. This innovative process forms the backbone of
smart ticketing technologies, automating transactions and ensuring fair resale
practices. It streamlines operations and reduces human error.
Website
www.counterten.com
Direct ticket minting by
event organizers -
Additionally, event organizers can opt out of third-party distribution
by minting the number of tickets they need on the blockchain
network of their choice. Minting offers flexibility and full control.
Once they set the auction or sale price, a buyer’s payment will
trigger a smart contract. The process is fast, automated, and
secure.
After that, the ticket will be delivered to the buyer’s digital wallet,
which they can access whenever they want using their phone. For
tech-savvy event attendees, convenience is a big plus. They also
have the option to resell their ticket on the site designated for ticket
resale by the event organizers, as the ticket is kept on a
blockchain network.
This makes it possible for a smooth and lawful ticket exchange.
Each transaction is kept safe and traceable with the aid of
Ticket resale blockchain technology, safeguarding both buyers and
sellers. Buyers and sellers are both safeguarded from fraud.
Website
www.counterten.com
Enhancing fan experience
with digital rewards -
Artists can also use smart ticketing technology to reward long-time fans
with exclusive airdrops or other perks to enhance their experience.
Digital rewards increase fan interaction and foster enduring relationships
between artists and their fans.
Access to VIP experiences, exclusive content, or even discounted
tickets to upcoming events can be obtained with these tokens. The extra
value that these awards provide is adored by fans. By providing such
perks, organizers may cultivate a more loyal and committed fan base.
Website
www.counterten.com
Please Get In
WToiuthch Us
Phone
(858)251-9032
Email
[email protected]
Address
San Diego, California, USA
Website
www.counterten.com
Thank You
For Your Attention
Comments