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Aventus Protocol

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Aventus Protocol
Original author(s)Annika Monari and Alan Vey
Developer(s)Aventus Protocol Foundation
Initial release ()
Engine
    Websiteaventus.io

    Amazon.com Logo.png Search Aventus Protocol on Amazon.

    The Aventus Protocol is an open standard event ticketing platform based on blockchain.[1][2][3] The protocol was first outlined by Annika Monari and Alan Vey in a 2016 white paper. The two met in 2015 while studying for their master's degrees at Imperial College, London.[4] They are co-founders and directors of the Aventus Protocol Foundation which oversees Aventus Systems, the only company running the protocol.[1][2]

    The Aventus Protocol is based on Ethereum blockchain technology[2] and its crypto token is the Aventus Token (AVT).[4] The project was funded in two rounds. First by a private pre-sale and then, in September 2017,[3] in an initial coin offering. The initial funding was reportedly £26 million,[3] including 60,000 Ether raised.[2]

    The Aventus Protocol is intended to make purchasing tickets more transparent and selling them more profitable for an artist or venue. The protocol creates a unique identity for each ticket that is then stored on a public blockchain. Each transaction involving the ticket is likewise recorded publicly. Monari and Vey stated in their white paper that the protocol is a tool to combat counterfeit tickets, uncontrolled resale, and opaque pricing.[2][5]

    The Aventus Protocol was used for some of the tickets sold for the 2018 FIFA World Cup in Russia.[1][3][6]

    In 2018, Monari and Vey founded a second company, Artos, based in London. The company partners with ticketing companies to use blockchain technology to more efficiently control and gain visibility to a company's ticketing inventory as it moves through the supply chain.[1]

    References[edit]

    1. 1.0 1.1 1.2 1.3 Boycott-Owen, Mason (6 May 2018). "Smart ticketing system may finally outwit the ruthless touts". The Guardian. Retrieved 2018-05-06.
    2. 2.0 2.1 2.2 2.3 2.4 "How do you buys your tickets?". The Daily Telegraph. 26 April 2018. ISSN 0307-1235. Retrieved 2018-05-06.
    3. 3.0 3.1 3.2 3.3 Paton, Graeme (7 May 2018). "Graduates devise eticket system to beat the touts". The Times. ISSN 0140-0460. Retrieved 2018-05-07.
    4. 4.0 4.1 "Aventus Token Sale: A blockchain-based event ticketing solution". Smith + Crown. Retrieved 2019-07-01.
    5. ""Bitcoin of ticketing" raises $20m in ICO". Imperial College London. Retrieved 2018-05-06.
    6. "BlocSide Sports first to trial Aventus Protocol". www.thestadiumbusiness.com. Retrieved 2018-05-06.

    External links[edit]



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