*By Jacqueline Corba* Blockparty, a ticket-selling start-up, wants to block the bots from nabbing all the good seats and prevent ticket fraud by using blockchain technology to sell concert tickets. "There's enough people who've had fake tickets outside Madison Square Garden or other venues, and we're really trying to solve those problems, " the Blockparty co-founder and CEO Shiv Madan said Thursday in an interview with Cheddar's Crypto Craze. Blockparty launched over Memorial Day weekend, selling tickets for the [Elements Music Festival] (http://ampthemag.com/the-real/blockparty-launches-publicly-after-ticketing-vip-events-at-elements-lakewood-music-festival/) in Lakewood, Pa. More than 7,000 people attended. But concert-goers will have to wait before purchasing their next concert ticket on the company's mobile app. Madan said Blockparty won't sell tickets for events until later in the summer concert season. Blockparty attaches a digital identity to a ticket, so when users buy or sell a ticket, their information is stored on the blockchain. The company's service is free for now, but Blockparty plans to introduce ticket fees based on the size of the event. Currently users can buy tickets ー when they're available ー with fiat, but Blockparty plans to eventually accept cryptocurrencies too. For the full interview, [click here](https://cheddar.com/videos/how-blockparty-is-applying-blockchain-to-concert-tix).

Share:
More In Technology
Gardening to Improve Wellbeing; Future of A.I. in Healthcare
On this episode of Cheddar Innovates: Gardenuity CEO breaks down how gardening can improve your wellbeing; Augmedix CEO discusses how this technology is helping doctors fight burnout; Cheddar gets a look at Curiosity Stream's 'Suppressed Science.'
Innovation in Prosthetics; New Drug for Anti-Aging
On this episode of Cheddar Innovates: Atom Limbs CEO breaks down how the Atom Touch prosthetic is different from other prosthetics on the market; CEO & Chief Scientific Officer of MyMD explains how the MYMD-1 is on track to be the first FDA-approved drug to treat aging and age-related diseases; A look at Curiosity Stream's 'The Future of Warfare.'
VR to Train Frontline Workers; Digital Marketplace to End Waste
On this episode of Cheddar Innovates: SkilsVR CEO explains how virtual reality is being used to train frontline workers to handle difficult customers; Rubicon CEO breaks down how technology and sustainability will go hand in hand in the future; Cheddar gets a look at 'Our Infinite Universe.'
Crypto Donations to Ukraine Top $50 Million
As Russian forces invade Ukraine, millions of dollars in cryptocurrency has flowed into the country to lend support. Russian citizens are also seeing the appeal after sanctions have made their traditional banks unreliable. Robbie Heeger, president and CEO of Endaoment, joins Cheddar News to discuss.
Amazon Ventures Into Live Audio Space With 'Amp'
Amazon unveiled its new mobile app called Amp as a direct competitor to Clubhouse, allowing people to host live radio shows. Although it is still in beta, users can join the waitlist from the iOS store.
Russia-Ukraine Crisis Putting Crypto In The Spotlight
The war in Ukraine continues to reveal heartbreaking gut-wrenching stories. The war in itself is not only devastating but also expensive. Experts estimate that Russia is draining nearly $20 million dollars each day to continue occupying and invading Ukraine. All this could force the country to turn to cryptocurrencies. It's a major turn for the country that briefly considered outlined digital assets entirely, but it could also have serious implications for cryptos. Managing Director at Quantum Fintech Group, Harry Yeh, joined Cheddar to discuss more.
Load More