🎟️ Problems Solved by a Blockchain-Based Event Ticketing System

🚀 Introduction

The traditional ticketing industry faces multiple challenges, including fraud, scalping, lack of transparency, and inefficient secondary markets. These problems harm both event organizers and attendees, leading to financial losses and diminished experiences. Blockchain technology, combined with smart contracts and NFTs (Non-Fungible Tokens), provides an innovative solution to these challenges. Our Blockchain-Based Event Ticketing System leverages Aptos and the Move programming language to address these core issues, ensuring security, fairness, and efficiency in ticket transactions.

🔒 1. Ticket Fraud and Counterfeiting

One of the biggest problems in event ticketing is fraud. Fake tickets, duplicate copies, and forged barcodes result in financial losses and logistical nightmares for both event organizers and attendees.

• ✅ Solution: By issuing event tickets as ERC-721 or ERC-1155 NFTs on the blockchain, every ticket is cryptographically unique and cannot be duplicated or counterfeited. Smart contracts validate ticket authenticity, ensuring that only legitimate tickets exist.

💰 2. Scalping and Unfair Price Inflation

Scalpers buy large volumes of tickets using bots and resell them at exorbitant prices, making events inaccessible to genuine fans.

• ✅ Solution: Smart contracts enable price controls and resale regulations. Organizers can impose maximum resale prices, royalties, and anti-bot measures to ensure fair ticket distribution. Blockchain transparency prevents illicit bulk purchases.

🔍 3. Lack of Transparency in Secondary Markets

Traditional secondary markets lack transparency, making it difficult to verify ticket authenticity, ownership history, and fair pricing.

• ✅ Solution: Blockchain provides a fully transparent, tamper-proof ledger where all ticket transactions are recorded.