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US 12,602,670 B2Granted
Digital securitization, obfuscation, policy and commerce of event tickets
AssigneeLive Nation Entertainment, Inc.
InventorSanzib Khaund
Life of this patent
Estimating the term…
Abstract
The present disclosure provides systems and methods that may convert traditional tickets into secure digital assets protected by cryptographic public/private keys that deploy these tickets on a blockchain. By structuring these tickets as smart digital contracts, such system can act as a self-policing escrow while simultaneously allowing ticket issuers greater control over the tickets after the tickets leave the ticket issuers' possession. The system can incorporate specific capabilities into the digital assets to provide an increased level of multiple ownership, security granularity, and sales restrictions in ticket transactions.
Claims19
A computer-implemented method for managing digital tickets for events, comprising:
- generating a template representing a physical ticket for an event, including policies for distribution, transfer, redemption, ownership management, access control, and parameter restrictions;
- associating extracted ticket parameters from digital tickets with a unique event identifier;
- generating bytecode and an application binary interface (ABI) based on a ticket template if a physical ticket copy is absent in a database;
- creating digital tickets using the bytecode and ABI, then deploying them to a blockchain system;
- registering a unique event identifier for access rights to the blockchain system, including assigning rights to event administrators and enabling rescinding of tickets;
- converting digital tickets to digital tokens within a blockchain, linked to ownership rights;
- restricting digital tickets based on predefined criteria within the blockchain, ensuring compliance with event policies and regulations;
- transferring and redeeming digital tickets using a public key and a private key of digital tickets, generated by the blockchain system;
- receiving unlock requests along with current ticket location and remaining time until an event starts, and validating them based on geolocation and time thresholds;
- unlocking digital tickets within a venue's geofence and within a predetermined time before the event starts;
- and
- enabling ticket rescinding, removing tickets from sale, and performing administrative actions through smart contracts linked to ownership and redemption rights.
9 more elements
A system for managing digital tickets for an event, the system comprising:
- one or more processors;
- and
- memory coupled with the one or more processors, the memory configured to store instructions that when executed by the one or more processors cause the one or more processors to:
- generate a template representing a physical ticket for an event, including policies for distribution, transfer, redemption, ownership management, access control, and parameter restrictions;
- associate extracted ticket parameters from digital tickets with a unique event identifier;
- generate bytecode and an application binary interface (ABI) based on a ticket template if a physical ticket copy is absent in a database;
- create digital tickets using the bytecode and ABI, then deploying them to a blockchain system;
- register a unique event identifier for access rights to the blockchain system, including assigning rights to event administrators and enabling rescinding of tickets;
- convert digital tickets to digital tokens within a blockchain, linked to ownership rights;
- restrict digital tickets based on predefined criteria within the blockchain, ensuring compliance with event policies and regulations;
- transfer and redeem digital tickets using a public key and a private key of digital tickets, generated by the blockchain system;
- receive unlock requests along with current ticket location and remaining time until an event starts, and validating them based on geolocation and time thresholds;
- unlock digital tickets within a venue's geofence and within a predetermined time before the event starts;
- and
- enable ticket rescinding, removing tickets from sale, and performing administrative actions through smart contracts linked to ownership and redemption rights.
12 more elements
A non-transitory computer-readable storage medium having stored thereon instructions for managing digital tickets for an event, the instructions comprising:
- generating a template representing a physical ticket for an event, including policies for distribution, transfer, redemption, ownership management, access control, and parameter restrictions;
- associating extracted ticket parameters from digital tickets with a unique event identifier;
- generating bytecode and an application binary interface (ABI) based on a ticket template if a physical ticket copy is absent in a database;
- creating digital tickets using the bytecode and ABI, then deploying them to a blockchain system;
- registering a unique event identifier for access rights to the blockchain system, including assigning rights to event administrators and enabling rescinding of tickets;
- converting digital tickets to digital tokens within a blockchain, linked to ownership rights;
- restricting digital tickets based on predefined criteria within the blockchain, ensuring compliance with event policies and regulations;
- transferring and redeeming digital tickets using a public key and a private key of digital tickets, generated by the blockchain system;
- receiving unlock requests along with current ticket location and remaining time until an event starts, and validating them based on geolocation and time thresholds;
- unlocking digital tickets within a venue's geofence and within a predetermined time before the event starts;
- and
- enabling ticket rescinding, removing tickets from sale, and performing administrative actions through smart contracts linked to ownership and redemption rights.
9 more elements
Dependencies are inferred from the claim text.