Tackling the Ticket Scalping Scourge With Blockchain-Based Solutions a ‘No-Brainer’ Says Mohammed El Kandri
According to
Mohammed El Kandri, event organizers battling the ticket scalping problem have a greater chance of overcoming this challenge if they deploy a
blockchain-based ticketing solution. A blockchain-based solution allows event organizers to issue digital tickets that are
“tamper-proof and traceable.”
Blockchain is a technology with the potential
to turn the tide against ticket-scalping syndicates,
Mohammed El Kandri, the founder of the blockchain startup Ir4lab, has said.
According to critics of the current ticketing system, this situation often results in some concertgoers
paying up to ten times more than the official price to get a ticket to an event.
To prove that a blockchain-based ticket system is what the events industry needs, El Kandri’s startup is set to
“enable” its blockchain ticketing solution
at an upcoming Web3 summit to be hosted by Saudi Arabia.
