Australia based Client is planning to develop a cloud based platform for event ticket management which provides high level of security with anti-scalping and anti-counterfeit measures and allowing transparency in ticket management lifecycle for event organizers and sellers.
In Australia scalping of event tickets from on line ticket sale is quite rampant. Bots being used to scalp volumes of tickets from the on line ticket selling platforms and such tickets are sold at premium prices at secondary markets. Many instances of fake tickets and duplicate tickets are seen even from the sale of on line tickets. QR code manipulation and tampering with paper tickets becoming a huge issue to handle for the on line ticket sellers.
AltaFuturis suggested initializing detailed requirement gathering which would provide outcome of Functional Requirement Specifications (FRS). This FRS later turned as input for the Blockchain Architecture.
Blockchain technology essentially provides advantages which are completely addressing the challenges posted by client in regard to event ticket management platform. AltaFuturis defined token based Blockchain architecture for managing following needs of client as defined in Functional Requirements Specifications (FRS).
Token based DLT (Distributed Ledger Technology) architecture for event ticket management platform was a key factor to get a USP for client in Australia market. It was very much essential that the platform selection and architecture definition needs to be done immediately after requirement analysis as the platform is in need of very high throughput (many times for very popular events 50000 tickets are purchased in first few minutes when sale is open) with scalability (as many concurrent popular events can have sale going on with thousands of uses active concurrently) combined with highest of security against counterfeiting and anti-scalping. AltaFuturis team has developed the architecture using DLT platform Corda 4.0