Aventus Protocol

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

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 Masters 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.[7]

Most recently, the company has given grants to companies such as Artos, as well as FanDragon Technologies, a startup with headquarters in West Hollywood.[8]

References[edit]

  1. ^ a b c Boycott-Owen, Mason (6 May 2018). "Smart ticketing system may finally outwit the ruthless touts". The Guardian. Retrieved 2018-05-06.
  2. ^ a b c d e "How do you buys your tickets?". The Daily Telegraph. 26 April 2018. ISSN 0307-1235. Retrieved 2018-05-06 – via www.telegraph.co.uk.
  3. ^ a b c d Paton, Graeme (7 May 2018). "Graduates devise eticket system to beat the touts". The Times. ISSN 0140-0460. Retrieved 2018-05-07 – via www.thetimes.co.uk.
  4. ^ a b "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 - The Stadium Business". www.thestadiumbusiness.com. Retrieved 2018-05-06.
  7. ^ "Smart ticketing system may finally outwit the ruthless touts". www.theguardian.com. Retrieved 2019-10-02.
  8. ^ https://www.theticketingbusiness.com/2019/04/19/interview-discourse-disruption-evolving-aventus-protocol

External links[edit]