Key points
- The partnership between Tixbase and Passo marks the largest blockchain ticketing deal to date.
- The association introduces NFT banknotes, turning them into collectible assets.
Share this article
Blockchain ticketing platform Tixbase has came in in an exclusive five-year partnership with Passo, Turkey’s leading event ticketing company. The collaboration aims to use blockchain technology to address security, transparency and user experience issues in the ticketing industry, while also attempting to regulate the secondary market.
This partnership represents a significant deal for blockchain-powered ticketing, potentially signaling increased interest in blockchain solutions within the industry. The partnership will integrate Tixbase’s blockchain, TixChain (built on the Avalanche network) into Passo’s ticketing ecosystem, which handles over 25 million tickets per year.
Emil R. Ljesnjanin, Founder and CEO of Tixbase, said: “This is the largest deal signed to date for any blockchain-based ticketing company, demonstrating the value of our technology and paving the way for global adoption of Tixbase’s novel solution that benefits all participants in the ticketing ecosystem.”
Founded in 2014, Passo manages ticket sales for 38 teams in the Turkish Super Lig and TFF First Division. The company also handles ticket sales for events such as UEFA Champions League matches and Turkish national team matches.
The partnership aims to address issues such as fraud, speculation and lack of transparency in the secondary market. Tixbase’s blockchain technology will create digital banknotes aimed at reducing the risk of counterfeiting and unauthorized resale.
The collaboration features NFT (non-fungible token) tickets as digital assets. These NFTs are designed to provide access to additional content and experiences, potentially creating new revenue opportunities for event organizers.
Atil Aykar, CEO of Passo, commented on the partnership: “We are delighted to join forces with Tixbase, a pioneer in blockchain-based ticketing technology. Their innovative solution perfectly complements our commitment to creating a next-generation ticketing platform that protects our fans and delivers exceptional results.”
The use of Avalanche’s blockchain network is the foundation of this initiative. Avalanche, known for its transaction speed, provides the infrastructure for Tixbase’s TixChain. This system is designed to comply with GDPR and data privacy laws while handling high transaction volumes.
The partnership between Tixbase and Passo is expected to be implemented gradually over the coming months, with full rollout anticipated by the end of the year.
Share this article
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.