Aurea 4.0
NFT Tickets for everyone!
Aurea 4.0 project is a blockchain-based solution to guarantee the authenticity of all economic transactions generated by the main events organizers, their immutability, privacy and scalability, as well as the number of transactions per second with a minimum transaction cost.
What are the actual challenges with the traditional ticketing system?
Customer Trust.
One of the major concerns for guests is whether they have paid for a real ticket or a fake one. Sometimes, customers buy fake tickets on websites posing as legitimate authorized ticketing agents, leading to lost funds and disappointment.
Fraud and lack of control once the tickets are sold.
Fraud has plagued the ticketing industry, forcing fans to pay higher prices while raising security threats for event organizers. Through misuse of technology, ticketing bots cause chaos, enabling those online to purchase tickets in bulk and sell them on secondary markets at high prices.
How does AUREA 4.0 can solve this market pain in the ticketing industry?
Replacing the actual tickets for NFTs, which are unique digital tokens stored on a blockchain and can’t be falsified. Once they are created on the blockchain, they can be sold to customers digitally as they use to do. The only difference is the NFT ticket and crypto tokens must be stored in a cryptographic wallet and most of costumers are not familiar with this technology which requires advance skills and knowledge. But AUREA 4.0 will create a friendly use crypto wallet that for costumers will be easy and quick to setup, secure and friendly use.
In the ticketing system, event organizers can mint the required number of NFT tickets on their choice of a blockchain platform. They can code the NFTs to set a sale price or run the sale as an auction where people can bid for tickets. Basically, tickets can be preconfigured in many ways in an immutable contract that can’t be changed or cancel.
Program and call for tender.
Project funded by the Spanish Ministry of Science and Innovation through the call “R+D+i Projects in Public-Private Collaboration”, State Program to Promote Scientific and Technical Research and its Transfer, from the State Plan for Scientific, Technical Research and Innovation 2021-2023, within the framework of the Recovery, Transformation and Resilience Plan.
