The Aventus Protocol is an open standard event ticketing platform based on blockchain.[1][2] 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 master's degrees at Imperial College, London.[3][failed verification] They are co-founders and directors of the Aventus Protocol Foundation which oversees Aventus Systems, the only company running the protocol.[1]
The Aventus Protocol is based on Ethereum blockchain technology[4] and its crypto token is the Aventus Token (AVT).[3][failed verification] The project was funded in two rounds. First by a private pre-sale and then, in September 2017,[2] in an initial coin offering. The initial funding was reportedly £26 million,[2] including 60,000 Ether raised.[citation needed]
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.[5]
The Aventus Protocol was used for some of the tickets sold for the 2018 FIFA World Cup in Russia.[1][2][6]
^ abcBoycott-Owen, Mason (6 May 2018). "Smart ticketing system may finally outwit the ruthless touts". The Guardian. Retrieved 2018-05-06.
^ abcdPaton, Graeme (7 May 2018). "Graduates devise eticket system to beat the touts". The Times. ISSN 0140-0460. Retrieved 2018-05-07.
^ ab"Aventus Token Sale: A blockchain-based event ticketing solution". Smith + Crown. Retrieved 2019-07-01.
^"Imperial alumni-led blockchain startup develops Layer-2 solution for Ethereum - Imperial News". Imperial College London. Retrieved 2022-05-16.
^""Bitcoin of ticketing" raises $20m in ICO". Imperial College London. Retrieved 2018-05-06.
^"BlocSide Sports first to trial Aventus Protocol". www.thestadiumbusiness.com. Retrieved 2018-05-06.
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