Aventus, an open-source ticketing platform, declared the deployment of the Aventus Protocol onto the Ethereum MainNet. Solidified, one of the leading technical editing service for Ethereum smart contracts carried out a complete and impartial inventory of the protocol’s source code. No grave inaccuracies were found.
Aventus’ main objective is to assist alter the live entertainment industry with an impartial and safe way of ticketing events. The company intends to realize this objective by decreasing the deceit and scalping that has plagued the industry in recent times. It also intends to bring to an end the myriad of challenges concerning fake tickets as well as extremely high retail prices.
The technology being mobilize by Aventus permits event tickets to possess inimitable features tied to their real holders. In this regard, sellers have to stick to pre-defined regulations, which are set by the host of the event. Consequently, this results in more trust, safety and control over the entire process of purchasing and selling tickets.
Following the use of Aventus Protocol, a number entities like venues, artists, ticketing agencies or even teams are now in a position to augment their ticketing processes through increased safety and stability. Additionally, clients will save time and money by doing away with ticket scam and drastic price increase.
In many ways, event organizers will also gain the much needed control over the cost of resale tickets, thus guaranteeing that attendees of events do not hold fake or stolen tickets. Since the protocol’s open-source code is now public on the Ethereum blockchain, any entity can now use it to create events and improve on complimentary software applications.
The Positivity of the Report is an Indication of Hard Work
According to Andy Grant, Aventus’ Chief Technical Officer, the company expressed satisfaction following the audit report which indicated that no critical issues were identified. This is mainly due to the hard work on the company’s initial release of the protocol.
Additionally, the company’s Chief Marketing Officer, Andrew Ford also asserted that the positivity of the audit report is a demonstration of the meticulousness of the entire staff. In the future, the company intends to develop concrete solutions to the challenges faced by the ticketing industry.
In this regard, the company intends to continue engaging with the industry experts purposely to review and apprise the open-source code and white paper. This is in line with significant milestones and releases. This is aimed at delivering concrete security required in order to undertake well-ordered ticketing relations on the blockchain.