Abstract
Among the disruptive technologies that have emerged since the inception of the Internet, blockchain stands out more than most. It serves as the foundation for all cryptocurrencies, digital wallets, and smart contracts. The problems with event ticketing systems, such as fraud, counterfeiting, and lack of transparency, can potentially be addressed through the implementation of blockchain technology. This chapter outlines the potential benefits of using a decentralized platform for event ticketing, including increased security, transparency, accountability, and customer confidence. The advent of Layer-2 blockchains has made it more feasible to achieve scalability for large systems without compromising on security. In this chapter, a proof-of-concept decentralized event ticketing system is designed and implemented, with a focus on shielding the user from all complex blockchain interactions. A requirements analysis was conducted, comparing the prerequisites of a traditional event ticketing system, and how they can be applied to a decentralized event ticketing system. Several experiments were performed on the system, which aims to quantize the transaction times and fees when a user interacts with the system. An evaluation was conducted on the results and contrasted with the requirements analysis of traditional systems.
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Ward, R., Jo, K., Dong, N., Owens, B., Portmann, M. (2024). VeraciTIX: An NFT-Based Event Ticketing System. In: El Madhoun, N., Dionysiou, I., Bertin, E. (eds) Blockchain and Smart-Contract Technologies for Innovative Applications. Springer, Cham. https://doi.org/10.1007/978-3-031-50028-2_7
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