US 12,488,290 B2 · System and method for a digital ticketing platform

Abstract

The present disclosure describes a system and method for a cryptographic and digital ticketing platform that extends the interconnectivity between artist, event and attendees. Digital articles are secured by way of blockchain technology, as well as cryptographic keys that document these interactions within a network and on a digital wallet. Tickets and articles are escrowed, locked, or staked for the purpose of generating a yield or return on the investment for authenticated and verified event attendee. The ecosystem for event and fan interactions is thereby elevated by offering incentives for attendance, allowing artists, attendees, and venues to share and deposit digital media into encrypted wallets, and offering rare digital assets in addition to a monetary return on the investment of their ticket or as a reward for their fan loyalty. Post-event, artists and events distribute digital rewards, collectibles, NFTs and exclusive interactions to event attendees and loyal fans, through one central application. Biometrics and geolocation tagging may also assist with attendance and monitorization of attendees for potential rewards and interactions.

A system for a blockchain-based digital ticketing platform, the system comprising:

a processing device, configured to store and receive computer-programmable instructions and information, and wherein said processing device is blockchain-enabled,
a decentralized platform, and wherein said decentralized platform is used to present events to see performers live, and wherein said performers can interact with fans on said decentralized platform,
a distributed ledger, operating on said decentralized platform, to store and maintain data and transaction records, and wherein said distributed ledger features a database operating over a web service platform,
an application interface, presented by way of said processing device, configured to enable a blockchain protocol by way of a plurality of nodes, and wherein said application interface displays a monetary balance, event dates for performers, including how many fans are to be in attendance,
at least one network receiving a flow of data from a server to effectuate services on said application interface, and wherein the at least one network is a cryptocurrency network,
a distributed hierarchical registry comprising a plurality of registry groups at a first level of the distributed hierarchical registry, and each of said plurality of registry groups comprising a plurality of registry servers;
a digital wallet to execute ticketing purchases for said events to see said performers, wherein said digital wallet records transactions and interactions that occur on said cryptocurrency network, and wherein said digital wallet enables a user to lock at least one ticket in exchange for at least one reward opportunity, wherein locking said at least one ticket comprises said user validating ownership of said at least one ticket and confirming a commitment to maintain said ownership;
and
a smart contract, operating on said distributed ledger, for storing contract parameters and executing said contract parameters upon validation, via blockchain-based biometric authentication for gating execution of said smart contract, that said contract parameters have been met, and wherein said contract parameters include a designated number of interactions between one of said fans and one of said performers as established by an administrator, wherein said administrator may be either one of said performers or an event host, wherein said system further comprises an artificial intelligence-enabled identity verification and transaction monitoring module configured to authenticate user identity prior to executing said smart contract and track document execution changes for auditability within a blockchain-enabled platform, and wherein a software module exists configured to allow for annotation and collaboration, enabling users to annotate documents within the blockchain-enabled platform for personal reference, permitting cross-collaborative annotations with other verified users, with said annotation stored and managed within the blockchain-enabled platform to preserve version history and auditability.

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System and method for a digital ticketing platform

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System and method for a digital ticketing platform

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Abstract

Claims20