//GET Protocol – Using Blockchain To Eradicate Ticket Touting & Empowering Artists (1 Million Tickets On The Blockchain By End Of 2019)

GET Protocol – Using Blockchain To Eradicate Ticket Touting & Empowering Artists (1 Million Tickets On The Blockchain By End Of 2019)

The ProblemThe GET Protocol is a solution to an inherent problem that we face today in the event industry. Any concert, theatre event or festival is plagued with tickets being sold second hand for ridiculous prices, resulting in the true fans having to pay anywhere from 5-20x more money for a ticket on the secondary ticketing market. This is caused by bots and professional re-selling companies who rely on the connection made by the artist and fan to gouge fans of their money, in fact many cases have been found against Ticket Master who deliberately hold back tickets from the initial sale in order to sell on their own re-selling websites. In recent occurrences we have seen Adele, Ed Sheeran & other big artists express their anger at these websites and companies, so this brings us to the question of how we can solve this issue?Using The Blockchain To Solve The ProblemSo lets delve into what makes the GET Protocol so good, it’s being developed on top of the Ethereum blockchain and is in development by GUTS Tickets, a Dutch team based in Amsterdam. The protocol works so that once fully completed it will allow any artist to sell tickets to fans directly over the protocol & blockchain. Any fan attending an event will never realise that they hold an ethereum wallet as the team believes (and so do I) that in order to get mainstream adoption, the technical side of things should be left running in the background and the user experience should be up front.The GUTS Application which utilises the protocol is already working and being used across 10+ theatres in the Netherlands, in fact here’s a photo from one of the theatres, none of these people know they have an ethereum wallet, they are crypto muggles!. As I mentioned in the title, they will have sold 1 million tickets by the end of next year, all of these tickets will be registered and have the ticket state changes on the blockchain and each and every ticket will be backed by a cryptocurrency called GET. The application uses several pieces of technology to prevent ticket scalping, it ties tickets to the persons mobile sim and shuffles the QR code of the ticket so that only the scanned code upon arrival at the theatre works, therefore it makes it impossible to screenshot the code or print it for re-sale. There are further technologies in play and thanks to the blockchain the venue/artist can also get real time statistics of tickets being scanned (which allows artists complete control to peak under the hood and ensure malicious practices are not in play). Here’s a screenshot of the dashboard frpm one of the recent events: https://ift.tt/2KxlGjE Team have three main big artists on board from the Netherlands, Youp Van ‘t Hek, Jochem Myjer, Guus Meuwis (combined they have a following of over 4 million people). They all went onto Dutch Prime Time TV, De Wereld Draait Door to discuss the tech: https://ift.tt/2FCHdDA GETSo GET is a cryptocurrency that backs each and every smart ticket starting in Q3 that is sold either on the GET Protocol or the GUTS tickets application that runs on top of the protocol. Fans never know that there is cryptocurrency or blockchain technology being used, they buy tickets via the GUTS app using FIAT which makes it so that truly anyone can utilise the technology. As an investor this makes any tickets being sold lucrative as since GET is bought off the open market by the price oracle (which buys GET from a range of exchanges at the average price per GET) the buy pressure increases as more and more events adopt the protocol and technology. We’re already seeing many events getting on board and many more to come, you can see all the events already line here: https://ift.tt/2jor0JP for the token economics of GET:10,384,393 GET Current Circulating Supply13,523,852.45 GET Max Circulating Supply£5,903,246 GBP Current Market CapRight Now GET Is Mainly Available On (Centralised Exchange Coming In The Next Two Months):IDEXDDEXNeedless to say that the GET Protocol is primed to blow the doors off the centralised corrupt ticketing industry, which is expected to grow to 24 Billion by 2021. The protocol could allow artists to completely change the way they sell tickets to fans, giving them ultimate control and allowing blockchain to flourish by being used in a way that truly utilises decentralisation for good. If you’re interested in checking out the project, make sure to visit www.guts.tickets & blog and also check out this great video by Dr10 on the GET Protocol here:https://www.youtube.com/watch?v=TfO1o1Veon0Any questions about the GET Protocol & GUTS application, please feel free to ask me and I can help out where I can!

The Problem

The GET Protocol is a solution to an inherent problem that we face today in the event industry. Any concert, theatre event or festival is plagued with tickets being sold second hand for ridiculous prices, resulting in the true fans having to pay anywhere from 5-20x more money for a ticket on the secondary ticketing market. This is caused by bots and professional re-selling companies who rely on the connection made by the artist and fan to gouge fans of their money, in fact many cases have been found against Ticket Master who deliberately hold back tickets from the initial sale in order to sell on their own re-selling websites. In recent occurrences we have seen Adele, Ed Sheeran & other big artists express their anger at these websites and companies, so this brings us to the question of how we can solve this issue?

Using The Blockchain To Solve The Problem

So lets delve into what makes the GET Protocol so good, it's being developed on top of the Ethereum blockchain and is in development by GUTS Tickets, a Dutch team based in Amsterdam. The protocol works so that once fully completed it will allow any artist to sell tickets to fans directly over the protocol & blockchain. Any fan attending an event will never realise that they hold an ethereum wallet as the team believes (and so do I) that in order to get mainstream adoption, the technical side of things should be left running in the background and the user experience should be up front.

The GUTS Application which utilises the protocol is already working and being used across 10+ theatres in the Netherlands, in fact here's a photo from one of the theatres, none of these people know they have an ethereum wallet, they are crypto muggles!. As I mentioned in the title, they will have sold 1 million tickets by the end of next year, all of these tickets will be registered and have the ticket state changes on the blockchain and each and every ticket will be backed by a cryptocurrency called GET. The application uses several pieces of technology to prevent ticket scalping, it ties tickets to the persons mobile sim and shuffles the QR code of the ticket so that only the scanned code upon arrival at the theatre works, therefore it makes it impossible to screenshot the code or print it for re-sale. There are further technologies in play and thanks to the blockchain the venue/artist can also get real time statistics of tickets being scanned (which allows artists complete control to peak under the hood and ensure malicious practices are not in play). Here's a screenshot of the dashboard frpm one of the recent events: https://imgur.com/a/lLH1YFf

The Team have three main big artists on board from the Netherlands, Youp Van 't Hek, Jochem Myjer, Guus Meuwis (combined they have a following of over 4 million people). They all went onto Dutch Prime Time TV, De Wereld Draait Door to discuss the tech: https://vimeo.com/258953277.

Introducing GET

So GET is a cryptocurrency that backs each and every smart ticket starting in Q3 that is sold either on the GET Protocol or the GUTS tickets application that runs on top of the protocol. Fans never know that there is cryptocurrency or blockchain technology being used, they buy tickets via the GUTS app using FIAT which makes it so that truly anyone can utilise the technology. As an investor this makes any tickets being sold lucrative as since GET is bought off the open market by the price oracle (which buys GET from a range of exchanges at the average price per GET) the buy pressure increases as more and more events adopt the protocol and technology. We're already seeing many events getting on board and many more to come, you can see all the events already line here: https://events.guts.tickets/events

As for the token economics of GET:

  • 10,384,393 GET Current Circulating Supply

  • 13,523,852.45 GET Max Circulating Supply

  • £5,903,246 GBP Current Market Cap

Right Now GET Is Mainly Available On (Centralised Exchange Coming In The Next Two Months):

Needless to say that the GET Protocol is primed to blow the doors off the centralised corrupt ticketing industry, which is expected to grow to 24 Billion by 2021. The protocol could allow artists to completely change the way they sell tickets to fans, giving them ultimate control and allowing blockchain to flourish by being used in a way that truly utilises decentralisation for good. If you're interested in checking out the project, make sure to visit www.guts.tickets & blog and also check out this great video by Dr10 on the GET Protocol here:

https://www.youtube.com/watch?v=TfO1o1Veon0

Any questions about the GET Protocol & GUTS application, please feel free to ask me and I can help out where I can!

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