Ticket fraud and scalping:
One of the biggest challenges in the event ticketing industry is the issue of ticket fraud and scalping, where fraudulent tickets are sold at inflated prices. This can result in disappointment for attendees and lost revenue for event hosts. Our decentralized event management system, DecentriFolio utilizes blockchain technology to provide a secure and tamper-proof record of all transactions, helping to prevent ticket fraud and scalping. This ensures that attendees can trust that their tickets are genuine and that event hosts can accurately track ticket sales and revenue.
High fees:
Another problem in the event ticketing industry is the high fees charged by intermediaries such as ticketing agencies. These fees can make it costly for event hosts to sell tickets and for attendees to purchase them. Ourproject eliminates the need for intermediaries, allowing event hosts to sell tickets directly to attendees using cryptocurrency. This can help to reduce fees and make it more cost-effective for both parties.
Lack of transparency:
In traditional ticketing systems, it can be difficult for users to verify the authenticity of tickets and track the history of transactions. This can lead to a lack of trust among users and make it harder for event hosts to accurately track ticket sales and revenue. DecentriFolio provides a transparent record of all transactions. This allows users to easily verify the authenticity of tickets and ensures that event hosts can accurately track ticket
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