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TicketMaster discovers blockchain, buys Ethereum-powered app

Thursday, October 18, 2018 by Piyush Suthar | Comments

Home News Tech TicketMaster discovers blockchain, buys Ethereum-powered app

TicketMaster, the most globally recognized company in events ticketing, has given into the hype and bought a company specializing in blockchain-based ticketing solutions. Announced today, TicketMaster now owns Upgraded Inc., an American software firm responsible for creating a nifty smartphone app that authenticates event tickets using Ethereum technology. Essentially, Upgraded generates dynamic barcodes powered by smart contracts, which venues and ticket-holders can scan to ensure they don’t fall victim to scalpers and other fraudsters. According to the release, TicketMaster believes Upgraded’s app will fit perfectly into its new suite of live event products, which includes a facial recognition tool and…

This story continues at The Next Web

Authored by Piyush Suthar
Pro Blogger


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