Review on Blocktix by David Olayide
Blocktix Tickets Transparency System
Blocktix is a decentralized tickets distribution system, tickets transfer, and events promotion operating on the Ethereum platform. The project is built to facilitate and enable companies and individuals to sell and buy tickets through unforgeable cryptographic signatures stored on the blockchain. From the information I have gathered, blocktix has a current supply of 62,500,000 with 40,000,000 in circulation.
Event promoters can fully benefit from making use of the platform to run their advertising and marketing campaigns and while doing so save money that would otherwise be used. The use of smart contracts and the Ethereum ecosystem also helps to facilitate the entire smooth running of the project.
The TIX token is the fuel of the Blocktix platform and it powers the exchange and other transaction activities of the platform. The method by which you can purchase tickets on the Blocktix platform is in a very transparent manner. So I think that now there will be less falsifying of tickets and less cheating with tickets.
By utilizing Ethereum-based blockchain, Blocktix can actually provide simple and secure solutions to counterfeit-proof event tickets as well as facilitate trustless p2p transfers of ownership, so yes the project is a good one.
Pros
- Prevents the fraudulent practice of falsifying tickets
- The TIX token fuels the activities that take place on the platform
- Transparency of transactions
Cons
- I feel the project still needs substantial development
