Blockchain Ticket Resale Control With Fan Staking Rewards
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Solution Overview
Problem
The digital ticket market enables scalpers to resell tickets at inflated prices, depriving artists of commissions and making it difficult for fans to afford tickets, while current ticketing systems lack efficient mechanisms for rewarding genuine fans and preventing price inflation.
Innovation Solution
A digital ecosystem that allows fans to stake their tickets on a blockchain-based platform, ensuring non-transferability and rewarding attendance with non-fungible tokens and other digital assets, using smart contracts to control resale prices and prevent fraud.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If digital tickets are made transferable and resellable, then market liquidity and user freedom are improved, but ticket prices become inflated and artists lose commission revenue
Solution Approach 1:
The system implements automated feedback mechanisms through smart contracts that track ticket transfers and automatically route commission payments to artists. Every resale transaction triggers a smart contract execution that calculates and distributes commissions, ensuring artists receive their entitled revenue without manual intervention while maintaining transparent audit trails.
Solution Approach 2:
The patent introduces a blockchain-based intermediary layer that sits between ticket holders and the resale market. This intermediary smart contract infrastructure mediates all transfers, enforces pricing rules, and automatically handles commission distribution, thereby preserving artist revenue rights while still enabling legitimate resale activity.
2Ease of operation
If scalpers are allowed to resell tickets freely, then market dynamics and user choice are improved, but genuine fans cannot afford tickets due to price inflation
Solution Approach 1:
The system dynamically changes pricing parameters based on multiple factors including demand, artist preferences, and fan eligibility criteria. Smart contracts can adjust resale prices in real-time, implement price caps during high-demand periods, and modify transaction parameters to prioritize genuine fans while maintaining market functionality.
Solution Approach 2:
The patent applies different quality rules to different segments of the ticket market. Genuine fans receive preferential treatment with lower fees, price protections, and priority access, while scalpers face higher transaction costs and restrictions. This local differentiation ensures affordable access for fans while still allowing market operations.
3Device complexity
If traditional ticketing systems are used, then operational simplicity is maintained, but fraud prevention and attendance verification are insufficient
Solution Approach 1:
The patent replaces traditional mechanical ticketing systems with blockchain-based digital ticketing. Tickets are represented as non-fungible tokens (NFTs) on a blockchain, providing cryptographic verification of authenticity and ownership. This substitution eliminates physical ticket fraud while maintaining user-friendly mobile access through wallet applications.
Solution Approach 2:
The system creates cryptographic copies of ticket data distributed across the blockchain network. Each ticket exists as an immutable digital record with unique identifiers that can be verified but not duplicated. This cryptographic copying mechanism prevents counterfeiting while allowing legitimate transfers through authorized smart contract operations.
4Reliability
If blockchain technology is implemented for ticket management, then fraud prevention and reward distribution are improved, but transaction complexity and user onboarding difficulty increase
Solution Approach 1:
The patent introduces centralized intermediary services that mediate between users and the underlying blockchain complexity. These intermediaries handle wallet creation, ticket issuance, and reward distribution, shielding users from direct interaction with complex blockchain operations while maintaining the security and transparency benefits of distributed ledger technology.
Solution Approach 2:
The system implements self-service mechanisms where users automatically receive tickets and rewards through smart contract execution without manual intervention. The blockchain infrastructure automatically verifies transactions, updates ownership records, and distributes rewards based on pre-programmed rules, reducing the need for complex user actions and administrative overhead.
Data Source
AI summary
The present disclosure describes a system and method for a cryptographic and digital ticketing platform that extends the interconnectivity between artist, event and attendees. Digital articles are secured by way of blockchain technology, as well as cryptographic keys that document these interactions within a network and on a digital wallet. Tickets and articles are escrowed, locked, or staked for the purpose of generating a yield or return on the investment for authenticated and verified event attendee. The ecosystem for event and fan interactions is thereby elevated by offering incentives for attendance, allowing artists, attendees, and venues to share and deposit digital media into encrypted wallets, and offering rare digital assets in addition to a monetary return on the investment of their ticket or as a reward for their fan loyalty. Post-event, artists and events distribute digital rewards, collectibles, NFTs and exclusive interactions to event attendees and loyal fans, through one central application. Biometrics and geolocation tagging may also assist with attendance and monitorization of attendees for potential rewards and interactions.