Please describe your proposed solution
Problem Recognition
Approximately $30 billion worth of tickets are in circulation worldwide, of which about $10 billion are illegally resold. Organizers are losing revenue due to this unauthorized resale. It is particularly difficult to identify the resellers because it is difficult to clearly identify the purchasers.
In addition, Polygon, which TicketMe is currently using, has a gas fee that fluctuates depending on the congestion in Poygon Chain, making it difficult to provide a stable structure for the increasing volume of tickets sold in the future.
Contribution to the Cardano Ecosystem
This project is proposed as a way to promote Cardano through the sale of event tickets. The Cardano blockchain is expected to enable secure and transparent ticket transactions and contribute to the expansion of Cardano's active user base. Cardano's active user base.
Approach and Rationale
The NFT ticket is our proprietary technology that prevents resale after event admission, provides proof of visit after purchase, and eradicates fraudulent resale. This technology is our invention, the "Token Transfer Lock Control Program," and is protected in Japan as Patent No. 7372712.
<u>Patent overview image</u>
This increases the transparency of ticket purchase and ownership and returns profits to the organizer. It also implements a user ranking system on the Cardano Chain to analyze relationships among users and identify fraudulent resellers.
Project Involvement Targets
A team of engineers under the CTO of TicketMe, Inc. will be responsible for the implementation of this project. They will design the architecture of the service and contribute to the project by writing code.
Proof of Impact
During the initial phase of the project, Cardano Ticket will be used at a 5,000-person event in Japan. Through this implementation, the project will be declared successful when more than 10,000 NFT tickets have been issued.