*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
How to Go Viral on TikTok
With more than 150 million Americans on the platform each month, TikTok can help businesses, brands, and bands get attention and stand out.
Irrigreen CEO Discusses Company's Smart Robotic Sprinkler System
Irrigreen, an irrigation system startup that develops robotic sprinkler systems for homeowners and recently, recently secured $15 million in seed funding. Shane Dyer, CEO and co-founder of Irrigreen, joined Cheddar News to explain the benefits of the company's system that saves water with less equipment.
Load More