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Ticketing System Based On NFT | IEEE Conference Publication | IEEE Xplore

Ticketing System Based On NFT


Abstract:

Nowadays, ticketing system plays an important role in people's daily life, especially in concerts, movies, theaters and other activities. However, the traditional ticketi...Show More

Abstract:

Nowadays, ticketing system plays an important role in people's daily life, especially in concerts, movies, theaters and other activities. However, the traditional ticketing system lacks the supervision of the secondary market and ticket scalpers. It leads to the phenomenon of fake tickets and highpriced tickets, which damages the interests of consumers. At the same time, paper tickets are not environmentally friendly and easily damaged. The ticket with QR code is relatively simple and has no collection value. In order to solve the above problems, in this paper, we propose ticketing system based on Non-Fungible Token (NFT). The link between the ticket and the purchaser is established through blockchain technology. Through the uniqueness of NFT, the activity tickets have more collection value. It describes the schema definition and generation of NFT tickets, secondary markets are introduced and regulated through smart contracts. Through the collection feature of NFT itself, ticket is not only used as a proof of admission, but also improves the experience of fans. Compared with the existing system, the system innovatively introduces NFT, while introducing a secondary market in the transaction and monitoring, making it authentic, supervised, transparent, and available.
Date of Conference: 26-28 September 2022
Date Added to IEEE Xplore: 22 November 2022
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ISSN Information:

Conference Location: Shanghai, China

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