International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056 Volume: 11 Issue: 07 | July 2024
www.irjet.net
p-ISSN: 2395-0072
Decentralized Ticketing System for Concert Events 1Surya M D Gowda, 2Ankith B Shetty, 3Mohith Aradhya, 4Nehal C Gadkar 1
Department of Computer Science and Engineering, NIE, Mysore
2 Department of Computer Science and Engineering, NIE, Mysore 3 Department of Computer Science and Engineering, NIE, Mysore 4 Department of Computer Science and Engineering, NIE, Mysore
Mrs. Poornima N, Assistant Professor, Dept. of Computer Science and Engineering, NIE, Karnataka, India ---------------------------------------------------------------------***--------------------------------------------------------------------This research paper proposes a radical approach to online Abstract—This research introduces a transformative ticketing using the power of blockchain technology and nonvolatile tokens (NFT). By incorporating blockchain and NFTs into the ticketing process, we aim to overcome the shortcomings of traditional systems while opening up new opportunities to improve security and efficiency.
solution to address the pervasive challenges in the contemporary ticketing industry, including ticket fraud, scalping, and transparency deficits. The project aims to revolutionize ticketing through the development of a Decentralized Online Ticket System. The proposed system leverages cutting-edge technologies, specifically non-fungible tokens (NFTs) and smart contracts, to establish a secure and tamper-proof environment. By transforming event tickets into NFTs, the system enhances security and authenticity. Smart contracts automate key ticket-related processes, such as transfers and sales, ensuring efficiency and transparency. Furthermore, the project facilitates a secondary market for ticket trading, fostering a fair and transparent ecosystem. This research contributes to the evolving field of decentralized systems, offering a pioneering approach to mitigate the challenges inherent in the ticketing industry.
The basic concept of the proposed system is to convert traditional tickets stored securely on a centralized blockchain into unique, verifiable NFTs. Unlike traditional tickets, which are prone to fraud and manipulation, NFTs offer the unique features of immutability and uniqueness, making them ideal for representing digital assets such as event tickets. Smart contracts, code that can be executed on a blockchain, play an important role in automating various ticket-related processes, including issuing, transferring and reselling. By using smart contracts, we can ensure transparent and secure ticket transactions, eliminate the risk of counterfeit tickets and promote fairness and accountability.
Keywords: Decentralized Online Ticket System, Ticket Fraud, Scalping, Transparency, Non-Fungible Tokens (NFTs), Smart Contracts, Tamper-Proof, Security, Authenticity, Ticket Ownership, Secondary Market, Fair Ecosystem, Contemporary Ticketing Industry, Innovative Solutions, Blockchain Technology.
Additionally, the introduction of a secondary market for NFT-based ticket trading opens up new ways for users to buy, sell and exchange tickets in a decentralized manner. This secondary market not only increases liquidity, but also promotes a fairer and more inclusive ecosystem where genuine fans have ample opportunity to purchase tickets at affordable prices.
1. INTRODUCTION In today's digital age, the paradigm of booking tickets for events, concerts and entertainment shows has undergone a radical change with the emergence of online platforms. This platform offers users the convenience of browsing, selecting and purchasing tickets from the comfort of their homes, experiencing an era of unprecedented access. However, despite its convenience, the centralized nature of traditional online ticketing systems has led to persistent challenges that undermine user experience and process integrity.
In conclusion, the proposed hive-based approach to online tickets has the potential to change the way they are bought, sold and managed in the digital age. By addressing the inherent challenges of traditional systems and introducing innovative features enabled by blockchain and NFTs, we can create a more secure, transparent and user-centric ticketing ecosystem that benefits both event organizers and attendees.
Issues such as ticket fraud and scalping complicate the online ticketing space and pose a major threat to event organizers and attendees. In addition, the lack of transparency regarding fees and charges often leaves users in financial limbo, losing trust and confidence in the system. To respond to these challenges, there is a need for innovative solutions that can transform the online ticketing ecosystem, ensuring security, transparency and fairness for all stakeholders.
© 2024, IRJET
|
Impact Factor value: 8.226
2. RELATED WORK In [1], Li Ji and Tingting Zhou from Shanghai Film Academy and Shanghai University proposed a ticket system based on Non-Fungible Token (NFT) to solve the problem of fraud and shrinkage in traditional tickets. They have innovatively introduced NFTs to connect tickets and buyers through blockchain technology, increasing authenticity, control and
|
ISO 9001:2008 Certified Journal
|
Page 78