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blockchain ticketing

Ticket Fraud: Is Blockchain the Future of Ticketing?

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Imagine you are trying to buy tickets to a sold-out show. Your only option is to buy on the secondary market. You bought the ticket for three times the face value and there are no guarantees the ticket you bought is actually a valid ticket. It’s now the night of the show and you get to the door, and your ticket doesn’t scan. This type of fraud (ticket scams) is the worst feeling for any music fan. You cannot get into the show, and even worse, you cannot get your money back from the scammer because they have disappeared. How does the music industry combat fraud at this point? The answer may actually come in the form of blockchain ticketing.

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Musicians Who Have Adopted Bitcoin and Cryptocurrency

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Bitcoin is a digitalized currency and speculative virtual asset at the very same time. The cryptocurrency has attained a gigantic user base in just a nominal time; the acceptability of bitcoin is spreading like a forest fire. Every multinational company and celebrity is getting involved in the scenario of investing and adopting bitcoin as a payment method. The Tech field, health care industry, and sports industry have blazed the trail of accepting bitcoin and other altcoins at the very same time.

The fact might stun you that the music industry has correspondingly begun to adopt bitcoin. There are ample music artists who started adopting, investing, and accepting bitcoin as a payment method for live shows. You can check out websites like Crypto exchange market for getting maximized results in your bitcoin journey.

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