What are the advantages of using #blockchain and #NFTs for #ticketing?
The main advantage of using blockchain and NFTs for ticketing is that it enables event organizers to keep track of the tickets after they are sold.
All tickets are securely linked to the purchaser, and these #transactions and any others on the exact tickets are entered in the blockchain. Any further sale or transaction involving the tickets will also be listed in the blockchain.
Keeping a shared database of all the transactions involving each ticket limits or even eliminates the possibility of #scalping, uncontrolled price #gouging, and #fraudulent transactions.
There are other #advantages to controlling the transactions through blockchain, including ensuring that ticket prices are kept fair, even when resold, and the opportunity to award royalty payments for each transaction to artists or event organizers.
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