Currently there are countless number of problems and issues plaguing the centralized event ticketing industry globally. The main issues in the industry are ticket counterfeiting, ticket scalpers, instant sell-outs and overpriced resale tickets on secondary markets.

EventChain is a global Smart Ticketing blockchain project that will allow events worldwide to sell Smart Tickets through a peer-to-peer network, solving the issues of the centralized event ticketing industry. Decentralized networks can change the way almost every industry works, including the event ticketing industry.

Implementing the EventChain token network for event management presents the opportunity to upgrade the current event ticketing industry to faster transactions, indisputable ticket vouchers, transparency from event hosts and fully flexible and programmable Smart Tickets. With the use of the EventCoin token, smart contract code, and the Ethereum blockchain, EventChain’s transaction network will bring increased accountability, transparency, and security to event ticketing.