Aventus have announced the release of Aventus Classic a fully decentralised, open-source protocol designed to create a more equitable and transparent ticketing industry. Boasting a record public blockchain ticket transaction speed of 100 tickets a second, Aventus Classic is built upon the Ethereum blockchain and sets a new global open standard for the exchange of tickets, without having to rely on layer-2 solutions that trade-off trust, finality, and decentralisation.
The release coincides with their Aventus Classic DApp Competition in partnership with The Satoshi Awards. Entrants are to try their hand at building a blockchain-based ticketing system, with the winner to be awarded $15,000 worth of Ether and 2 VIP tickets to the ceremony. The winning build will be used as the ticketing platform for The Satoshi Awards’ first ever event, taking place mid-2020
Open to all blockchain developers and development teams, and running between the 12th September 2019 and the 12th November 2019, competition entrants must create a ticket sales platform, a ticket delivery app and an access control app utilising Aventus’ newly released code.
Steve Ellis, CEO, and founder of The Satoshi Awards commented, “We are thrilled to have partnered with Aventus and engage the open-source community to help build our ticketing system. We are excited to see the entries start rolling in and couldn’t think of a better way to manage our tickets than through blockchain to promote trust, transparency, and innovation.”
“With this release, we are excited to start properly realising our vision for a more equitable and decentralised ticketing industry”, added Annika Monari & Alan Vey, Founders of Aventus.
This is a big year for Aventus, with the release of their enterprise-grade solution, The Aventus Network, a plasma-like layer-2 solution built on Ethereum, imminent. The Aventus Network will preserve the key principles of decentralisation while solving for scale and privacy at enterprise level, and is designed to encourage trust and innovation across digital asset-focused industries including ticketing, vouchers, loyalty points, financial assets, and virtual goods.
For full T&Cs and to enter, visit the Aventus Classic DApp Competition page here
Aventus is a blockchain-based protocol that enables standardisation, trust and innovation across enterprise supply chains by acting as a secure and independent backbone of interoperability, communication and value exchange for digital assets. To find out more, visit www.aventus.io
About The Satoshi Awards:
The Satoshi Awards have been established to honor the teams and individuals that have contributed to humanitarian blockchain projects in an ethical manner, advancing the ideals of freedom, protecting the rights of individuals and The Satoshi Awards’ egalitarian principles. To find out more, watch the video or visit https://www.thesatoshiawards.com/
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