Swiss IT Company ELCA Enters Blockchain Ticketing

https://www.tixngo.io/ – TIXnGO
The new blockchain ticketing platform created by Swiss IT company ELCA

ELCA, the independent Swiss IT company behind ticketing software SecuTix, has announced the launch of TIXnGO, a blockchain ticketing solution promising secure mobile ticketing.

The TIXnGO API can be plugged into any existing ticketing system and helps “combat fraud, digitalise the fan experience and improve venue security,” according to the announcement.

ELCA is also the company behind cloud-based ticketing solution SecuTix, which counts Europe’s soccer association UEFA among its clients.

“For the last two years, SecuTix has been trialling blockchain with clients, including several high-profile live sports events in 2018, and seen significant success in tackling both black market and security issues,” the announcement continues.

TIXnGO promises “a secure mobile ticket solution to all venue and event organisers, whatever their current ticketing system is,” adding that the firm is “already in talks with several well-known sports clubs who plan to use TIXnGO from the start of their 2019/2020 seasons.”

TIXnGO global business development senior executive Julien Piwowar expects that, in five years’ time, 90 percent of tickets for live events will be sold using blockchain technology, as it’s an easy and effective way to solve many of the problems the industry faces today.

https://www.tixngo.io/ – TIXnGO
The new blockchain ticketing platform created by Swiss IT company ELCA

“TIXnGO creates a unique, encrypted ticket for smartphones that is completely traceable, removes the risk of counterfeit tickets and simplifies the process of transferring or reselling tickets for the customer. Blockchain will profoundly transform the ticketing industry as we know it and TIXnGO is leading the way,” Piwowar said.

The TIXnGO platform is designed to fit with any existing ticketing system so venue managers don’t have to change their systems. The only thing that changes is the delivery method of the ticket.

“It’s easy for customers to use and by tackling the major issues of fraud and security, TIXnGO ultimately helps build trust between event organisers and ticketholders,” the announcement concludes.

As Pollstar pointed out it one of its analyses of blockchain ticketing, “one of the most logical uses of blockchain in the live event ticketing sector [is] to control and harness the secondary market.

“That can be done by simply programming into the blockchain code the revenue splits or rules for each transaction, or how money is to be divvied up when a ticket changes hands.”

Other rules may include a price cap on the resale price or limiting the sales period to exclude automated bots from bulk buying inventory.