Created on 18th February 2023
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Our proposed system of "1 user = 1 wallet" (BlextickPass) offers a multitude of benefits to prevent common issues associated with event ticketing(Every user that wants to use our platform should have a BlextickPass)
+Whale accumulation: this is a pervasive problem where a group or individual acquires a vast number of tickets to drive up the price, generating profits while compromising access to the event for others. In this system, users are limited to a single wallet, reducing the opportunity for hoarding and speculation. The market is more secure as it limits the volume of tickets available for manipulation.
+Lack of regulation: The secondary market, where tickets are resold, often lacks regulation, and organizers are left vulnerable to the fluctuation of ticket prices. Our system offers a more secure platform, minimizing the risk of financial losses for both event organizers and ticket buyers.
+Market Manipulation: accumulation of tickets also causes market manipulation, where ticket prices are artificially inflated or deflated for the benefit of speculators. This can lead to a decrease in access to events for those who cannot afford the price. However, the "1 user = 1 wallet" system offers a more level playing field, preventing market manipulation and ensuring a fair price for everyone.
+BlextickPlus: This is the cherry on top of the project, this is used to create a transparent system for confidential data sharing for the users. Usually, social networks simply take more data than the user wants to share, with BlextickPlus, the user shares what he wants (only when claiming the voluntary BlextickPlus, he can share his preferences for events) while keeping his identity private using PolygonID and ZK.
We had some problems, in the beginning, choosing what to do, we sketch 10 potential ideas, one of them was to create a "LinkedIn platform" using PolygonID to have a verification system where companies and users don't lie about their experiences(Because right now any user can just put any information in LinkedIn and it can be false), we also brainstorm some system for airdrops and ICOs for dApps but we thought it was too common, so it was hard to choose a final idea.
The main problem we had was deploying the react app to a live server(it was made using react-router/browser so it was complicated), unfortunately, we did not have the availability to join the mentorship in the last week... so we are just sharing a video and the repository of the project.
Tracks Applied (1)
Polygon Technology