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RE: Aventus.io – The most exciting ICO of Q3 2017?
Really great post. Aventus looks really editing to me. Thank you for bringing it to my attention.
The only problem I see, is that will be hard for the average Adele fan to purchase tickets on a blockchain based system. There need to be easy to use Websites that allow buying tickets directly in fist money without the user noticing that Aventus runs in the background.
What is the exact benefit over the current system? As far as I understand it, it is still possible to buy tickets in bulk to sell them later for profit. And how would the tickets be checked when entering the event? Can you maybe give some more info on these questions? Thank you.
Thanks for the show of confidence.
Ticket buyers play no part in the Crypto aspect - they purchase with fiat through partner channels. As I understand it, the company is looking at partnering up with companies along the lines of Spotify, Soundcloud and other websites/services where there is a potential market and tickets can be sold. I suppose you could potentially see tickets to a Man Utd game being sold on Manutd.com where the Aventus platform will be utilised. Disclaimer: these are just examples of the sort of potential partnerships that would make sense. As far as I'm aware no deals have been setup yet with said businesses.
I had to chat with a member of the staff on the Slack channel regarding your other points (I'm taking no credit for these answers :)):
"Yes, in the Aventus system you can theoretically bulk buy tickets and resell them for a higher price but since Aventus eliminates black markets and allows event organisers to control the entire lifecycle of tickets, e.g. set price caps and derive revenue in secondary markets, their risk in buying up tickets is significantly higher as their upside is much lower due to the restrictions. They disincentivse the behaviour economically, since that is truly the only way to prevent this behaviour.
Tickets will be in the form of QR codes that will be checked at the door. To eliminate black markets, an identity will have to be presented as well such as an ID, credit card, voice recording of the person speaking, or even just phone identifier, so that people cannot sell private keys. Note - event organisers can choose to switch off identity checks for some tickets that are less in demand if they please."
If you are considering taking part in the ICO then I would definitely suggest joining the slack channel: https://aventuscommunity.slack.com
Thank you for your very long and good answer, you helped to clear many things up. Don't you think it would be possible to black-market sell tickets off-chain? You could buy tickets and then "gift" them to other wallets in exchange for off-chain payments. Or sell them for a reasonable price and charge extra off-chain. Are measured in place to prevent this?