Your most secured ticket platform.
Event-goers don't have to worry about ticket fraud or nonpayment and event organizers can track the complete lifecycle of
the ticket for their event.
Developed as a decentralized blockchain-based application, SwitchTix focuses on P2P transfer of tickets in exchange for fiat or crypto. Our main goal is to make the application as user-friendly and intuitive as possible. This will be beneficial in terms of daily usage, simple P2P tickets, and the transfer of other digital assets. Users will also be able to utilize anescrow smart contract with just a few clicks of a button.
The SwitchTix application will provide users with the ability to meet their needs with a full scope of features for simple, comfortable P2P ticketing trade. The SwitchTix platform will include the
following activities:
- P2Pticket trade. The SwitchTix application will provide a safe, private, low-cost way to exchange digital event tickets between users within the Switch Network. This feature will include the SwitchTix wallet, which will offer users the ability to make payments in both fiat and crypto in exchange for tokenized tickets. These payments will be supported by the Quorum blockchain, which will store all data in its ledger.[/*]
- Escrow Smart Contracts. To facilitate exchange of tickets between two untrusted parties, an escrow smart contract will be utilized. This creates a secure, binding, conditional, low-cost contract that will only deliver the funds (ticket seller) or the tickets (ticket buyer) should all conditions of the contract be met.[/*]
- SwitchMarketplace. The SwitchTix application will allow access to a ticketingmarketplace where event-goers can post unwanted event tickets and/or search for events they would like to attend. Once tickets have been found (with buyer and seller established), agreements will be formalized while leveraging a smart contract. Every ticket, which is listed on the Switch Marketplace is automatically tokenized, storing ticket data and owner’s credentials in its metadata.[/*]
- Proof of Ownership. This feature will provide proof of asset ownership with the creation of unique tokenized assets. This includes a unique owner ID, stored in the assets’ metadata. All ownership changes will be automatically sent to the event organizer in order to eliminate malicious sellers.
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