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A New Dimension Use Case of Blockchain Technology

Till now, we have discussed the various use cases related to different sectors and use of blockchain platform for transactions or smart contracts. But a new news related to blockchain is the buzz of the tech town.<br><br>

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A New Dimension Use Case of Blockchain Technology

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  1. visit :www.sphinx-solution.com Call :+91-020-26434646 ANewDimensionUseCaseofBlockchainTechnology Till now, we have discussed the various use cases related to different sectors and use of blockchain platform for transactions or smart contracts. But a new news related to blockchain is the buzz of thetech town. The news was originally published on news18.com on June2018. A music festival in San Francisco’s Civic Center Plaza about to showcase the innovative use of thenew-ageblockchaintechnologydevelopment, ofcourse inanewdimension.Itis thefirst music festival to run on blockchain to address the longstanding problems such as fan engagement and ticket reselling. It is named as OUR Music Festival and about to take placeon October 20th(2018). Theorganizersarehappyto disclosethatit isthefirstofitskindfestivaltorun onblockchainplatform.Itsabilitytosecurelyandtransparentlymovedatathroughtheonline ledger is its main attraction. Blockchain’s use cases from healthcare to banking and as a tool behindcryptocurrencytooaregrowing.Insuch anenvironment,usingthisplatformforother arrangement is a remarkablestep.

  2. For the festival, the visitors and fans can use a well-developed mobile application to see and check all the ticket purchased on this open digital ledger. The promoters are hoping this will completelyremovetheresalemarketthattheorganizers andartistshavestruggledtostop. Theuseofblockchainwillsurelyopenupanewfieldofreasonsasvisitors andfans will earncryptocurrencyforeverythingfromearlyticketpurchase topromotingthefestivalnews among the friends. Even the fans can use the cryptocurrency onfoods, drinks and VIP upgrades. The main motto is to offer a better service to the visitors and fans. Over such music festivals, thepreferenceswere alwaysgivingtotheartistsandnooneeveraskedwhatfansare seeking. The use of blockchain platform will certainly help the fans to get their own place with more transparency and easy service obtainingflow. Acknowledgingthesellers whohavebeendrawntotheblockchain,theorganizerssaidthat the festival is determined to run without any obstacle by starting small and gradually fine- tuning the processes. The Justin Blau, a financier turned DJ who conceptualized the festival addedthatticketsfortheinauguraleventarekepthighlyeconomicalforaUSfestival. Mr.Justinwhoisnow associatedwithfestivalpromoterPrimeSocialGroup and blockchain entertainment studio SingularDTV hopes to bring this similar music festivalin the coming years to Japan andBarcelona. This recent example of blockchain technology use is like an eye-opener to the researchers. As such aspect is not common. However, taking help of blockchain technology development expertcan help to build a more amazing real-lifeuse case. For any technical help, you can contactus.

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