Aventus Event

The Aventus Protocol is a blockchain-based protocol designed to implement a fairer, more secure and transparent event-ticketing industry, practically eliminating counterfeit tickets and unethical touting. With the Aventus Protocol organisers can create, manage and promote their events (and the tickets associated therewith) with dramatically reduced platform-costs and, at the same time, can exert an unprecedented degree of control over the secondary market for such tickets.

The Aventus ecosystem.

A ticket and ID validation service where attendees’ faces will be scanned and com- pared to photos uploaded at point of purchase using machine vision. This will reduce entry fraud at events and allow organisers to track the performance of bouncers. Template user interfaces and integration tools that further lowers the barrier to entryto creating a customised ticketing interface for event organisers (e.g. a football club) or promoters (e.g. an influencer). Others worth mentioning include in-event advertising tools and reputation calcula- tions for promoters with respect to sales generated in previous, similar events. More services will be added over time depending on demand. Although developers using these services will incur an additional cost, such tools will make building ticketing applications significantly easier especially with respect to onboarding mainstream users Event hosting : event organisers must purchase AVT to pay the event-creation price. This cost will be proportional to the number of events deemed fraudulent in the protocol. It will not be affected by the volatility of AVT by accounting for the fiat currency exchange rate. In the initial phase of using the Aventus Protocol, at the end of a successful event, AVT from the early-user incentive pool will be distributed amongst all participants in the event to reward early-event host-adopters, promoters and secondary market facilitators.Ticket sales : although tickets to an event on the Aventus Protocol must be pur- chased in AVT, the volatility associated with crypto-currencies will be mitigated. Ticket prices will be denominated in fiat currency and use a market-feed oracle to calculate AVT prices at the time of purchase. Event organisers and promoters are free to cash out their AVT from ticket sales or commissions, at their convenience, to avoid holding it for unnecessary periods of time. Community stake : events can be reported as being suspected of being fictitious or fraudulent through a mechanism which involves putting up a deposit of AVT. If the deposit is matched by the organiser of the (purported) event, a stake-weighted vote would be initiated, in which any stake-holder can agree or not (elaborated upon in section 3.1 below). Platforms building on the Aventus Protocol would have an incentive not to sell fictitious or fraudulent tickets to their users, thus giving them an incentive to hold AVT for voting and future event-creation

of the skill and reputation of the relevant person in connection with generating sales of the relevant type (e.g. historical sales made in similar events, or gross sales over time). This mechanism helps reduce marketing-costs and increases reach into target- markets (by decreasing the barriers to entry of becoming a promoter and allowing for the moneti- sation word-of-mouth spreading about events). It also minimises the overhead associated with managing promoters’ sales and compensation, since it is completely automated by smart contracts. There are a couple of possible attack vectors here:•The gaining of an unfair discount through a ticket-buyer’ becoming a promoter to purchase the ticket “through” himself is addressed by disallowing commission on a promoter’s first sale. Tickets sold in the tsecondary market are not eligible for promoter commission (which obviates the risk that a promoter bulk-purchases tickets “through” himself to re-sell on the secondary market, generating unfair commissions and unwarranted promotion history). 3.7 Market Price Oracle Blockchains cannot access information not contained within them. Therefore, additional data required by the Aventus Protocol must be inserted into the Blockchain. Problem : the party controlling the data sent into the system can affect the protocol’s behavior. Solution : we will use existing trusted solutions (such as Oraclise) and provide our own oracle smart-contract. We will allow event-hosts to decide which oracle to use for the market price-feed from a list of options approved by the Aventus Community

link bitcointalk: https://bitcointalk.org/index.php?topic=1955231.0