*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
ChatGPT-Related Scams on the Rise
Meta is warning that cybercriminals are tricking people into downloading programs that can steal valuable information on fake ChatGPT offers. Cheddar News explains how Meta has observed hundreds of malicious links on its platform.
300 Arrested in Global Crackdown on Dark Web Drug Market
Authorities in the U.S. and Europe arrested nearly 300 people, confiscated over $53 million, and seized a dark web marketplace as part of an international crackdown on drug trafficking that officials say was the largest operation of its kind.
Load More