GUTS Tickets and the GET Protocol provide users with dynamic and identity bound event tickets. As tickets have a dynamic(as a function over time and owner) QR code they cannot be sold outside the protocol. Secondary sales can therefore be managed and the tickets resale margins can be fairly distributed among the actors within the event ticket value chain.
The GET Protocol is a blockchain-based protocol that is used by event ticketing companies to completely merge the primary and secondary ticketing market. Meaning it artist selling tickets to completely merge the primary and secondary ticketing market, ensuring all fans are paying a fair price and are buying an actual legitimate ticket. The protocol gives complete control over the sale and trade between ticket holder from the moment the first ticket is sold until the last ticket is scanned. The platform’s own ERC20 token, the GET, functions as a FIAT($,€,￥) value locking digital asset in a user’s wallet/smart ticket. The FIAT value per GET is set at the start of an event cycle by means of a pricing oracle. By this value locking mechanism all actors are shielded from crypto volatility during an event. GUTS Tickets is based in Amsterdam, The Netherlands, and has a working smart ticketing application that is already used by big event organizers in the north of Europe. The company has booked/secured to do more than 1 million tickets starting from 2019 on out. The experience of the team and operational status of the software/protocol makes the company perfectly positioned to develop the GET Protocol. The GET Protocol will also allow ticketing companies worldwide to add cryptographic/smart elements to their event ticketing without changing their operational procedures.
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