Review on Blocktix by francis fernandez
Blocktix: massifying the use of blockchain in society
The use of blockchain technology has spanned many areas of people's economic and social life. Blocktix is one more example of this.
Blocktix is a digital platform whose purpose is to systematize the ticket sales process for social events through the use of blockchain technology.
Functioning:
Blocktix creates an open market for exchanging tickets for social activities that involves promoter companies and the general public or buyers; by using your TIX cryptocurrency as a form of electronic payment.
Users can sell and buy tickets using a non-custodial and secure platform; by encrypting signatures that are archived on the blockchain.
Token:
TIX is an ERC-20 token because it operates on the Ethereum network. This digital asset serves as the driving force behind the exchange operations of the Blocktix network.
Utilities:
• Allows you to buy and sell tickets safely
• Save advertising, distribution and marketing costs for event promoters
• Avoid ticket counterfeits
Technology:
The Blocktix platform uses the powerful and secure Ethereum ecosystem to create an efficient ticket trading and distribution mechanism; relying on the versatility provided by smart contracts.
Blocktix allows event attendees to purchase tickets quickly and conveniently, using its platform.
Pros
- Non-custodial platform
- Promotes the use of blockchain technology in social events
- Lowers promotion and marketing costs
Cons
- Unstable value of the currency
- It is traded in few markets
