Aventus (protocol)

Aventus is an open-source blockchain protocol designed to address the issues of fraud, counterfeiting, and lack of transparency in the ticketing industry. It aims to create a more equitable and efficient system for event ticketing by leveraging blockchain technology to establish secure and transparent ticket creation, distribution, and management.

The core functionalities of the Aventus protocol revolve around:

• Ticket Creation and Issuance: Event organizers can create and issue tickets directly on the Aventus blockchain, providing a verifiable record of ownership.

• Secure Ticket Transfer: Tickets can be securely transferred between individuals without the risk of counterfeiting or double-spending.

• Price Controls and Scalping Prevention: The protocol offers mechanisms to control ticket pricing, potentially mitigating the problem of ticket scalping.

• Revenue Sharing: The protocol facilitates the automated distribution of revenue between various stakeholders in the event ecosystem, such as organizers, artists, and venues.

• Transparency and Auditability: All ticket transactions are recorded on the blockchain, providing a transparent and auditable history of ticket ownership and distribution.

The Aventus protocol uses its native token, AVT, to incentivize participants in the network, including validators and those involved in the dispute resolution process. The protocol also incorporates a dispute resolution system to handle disagreements related to ticket authenticity or event cancellation.

The overall goal of Aventus is to modernize the ticketing industry by offering a more secure, transparent, and efficient platform that benefits both event organizers and ticket buyers. It seeks to eliminate fraud, reduce scalping, and improve the overall user experience.