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Aventus, a London-based startup has announced that it has developed a blockchain-based solution to prevent unregulated touting and counterfeit tickets. The company had already attracted the attention of major investors as it prepares to launch a week-long token sale which is set to start on July 19, 2017, and run until July 24, 2017.

Ticket touts are notorious for bulk-purchasing tickets on primary markets and reselling them at inflated prices on secondary markets. An average purchaser of a resold ticket to a concert or music festival pays at least 49% more than its face value, with profits sometimes exceeding 1000%.

Aventus enables secure transfer and resale of tickets with built-in inflation caps to eliminate fraud and ensure that the final user can be identified. This type of technology is of particular importance in light of today’s terror climate as it brings an additional, much needed, security measure for attendees. Aventus effectively ends the ability for ticket touters to continue in business.

Read more here: http://bitcoinprbuzz.com/press-release-aventus-ticketing/