Copy link
Increase text size
Decrease text size
Link copied

Aventus unveils new ticketing protocol Aventus Classic and $15K prize for blockchain developers

Image Credit: Aventus Network Twitter

Tue, 17 Sep 2019, 03:39 am UTC

Aventus, a digital assets-focused blockchain-based protocol, unveiled its next code release Aventus Classic, which is designed to build a fairer and more transparent ticketing industry.

In a blog post, London-based Aventus introduced Aventus Classic, a fully decentralized open-source ticketing protocol intended to eliminate fraud and enhance transparency to the event ticketing market.

This release marks our first real step in engaging with the open-source community, as Aventus Classic will now be open to contributions from anyone and will no longer be solely developed by official partners of the Aventus Protocol Foundation,” the announcement stated.

Boasting a record public blockchain speed of 100 tickets per second, the Ethereum-based protocol provides a unique worldwide open standard for ticket exchange without depending on layer-2 alternatives that lack trust, certainty, and decentralization.

With this release, we are excited to start properly realising our vision for a more equitable and decentralised ticketing industry,” Annika Monari and Alan Vey, founders of Aventus, said.

The launch overlaps with the Aventus Classic DApp Contest in collaboration with The Satoshi Awards. In the competition, entrants are asked to create a blockchain-based ticketing system. The winner will be offered $15,000 worth of Ether and two VIP tickets for the celebration. The winning platform will be utilized as the reservation system for the first-ever Satoshi Awards, which is slated to happen in mid-2020.

We are thrilled to have partnered with Aventus and engage the open-source community to help build our ticketing system. We are excited to see the entries start rolling in and couldn’t think of a better way to manage our tickets than through blockchain to promote trust, transparency, and innovation,” Steve Ellis, The Satoshi Awards CEO and Founder, said.

Ireland-based ticketing startup Festy also partnered and signed an investment deal with South Korea’s Kakao to develop blockchain-based payments and analytics application.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $37,199.60 (-1.36%)
  • Ethereum (ETH) $1,235.52 (+1.26%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Cardano (ADA) $0.354200 (+12.98%)
  • Litecoin (LTC) $148.44 (+0.11%)
  • Bitcoin (BTC) $37,199.60 (-1.36%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.