Created on 9th December 2023
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The Blockchain Ticketing System (BTS) addresses several key problems in traditional ticketing systems:
Fraud Prevention: By using blockchain's immutable ledger, BTS ensures each ticket is unique and tamper-proof, significantly reducing the risk of counterfeit tickets.
Increased Transparency: All transactions and ticket issuances are recorded on a blockchain, which is a public ledger. This transparency helps build trust among event organizers, ticket buyers, and regulatory bodies.
Enhanced Security: The cryptographic algorithms used in blockchain provide a higher level of security compared to traditional systems, protecting against unauthorized access and data breaches.
Efficiency and Cost-Effectiveness: BTS automates ticket issuance and validation through smart contracts, which reduces manual effort and the likelihood of human error, making the process more efficient and cost-effective.
Combating Scalping: The system's design can help control and monitor ticket resale, potentially reducing the issue of ticket scalping.
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