# US 12,602,670 B2 · Digital securitization, obfuscation, policy and commerce of event tickets > Agents: this data is available as JSON from the patentgrep API and MCP server — see https://patentgrep.com/llms.txt - Number: US 12,602,670 B2 - Document ID: US12602670B2 - Status: Granted - Kind: B2 - Application number: 18/444,588 - Filed: 2024-02-16 - Published: 2024-08-15 - Granted: 2026-04-14 - Earliest claimed: 2016-08-24 - Assignees: Live Nation Entertainment, Inc. - Applicants: Live Nation Entertainment, Inc. - Inventors: Sanzib Khaund - Web page: https://patentgrep.com/patent/US12602670B2 ## CPC - G06Q 20/045: {using payment protocols involving tickets} - G06Q 20/3829: {involving key management} - H04L 9/3236: {using cryptographic hash functions} - H04L 9/3297: {involving time stamps, e.g. generation of time stamps} - H04W 12/08: Access security - G06Q 2220/00: Business processing using cryptography - H04L 9/50: {using hash chains, e.g. blockchains or hash trees} - G06Q: INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR - H04L: TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION (arrangements common to telegraphic and telephonic communication H04M) - H04W: WIRELESS COMMUNICATION NETWORKS (broadcast communication H04H; communication systems using wireless links for non-selective communication, e.g. wireless extensions H04M1/72) ## 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. ## Claims ### Claim 1 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. ### Claim 2 (depends on 1) The computer-implemented method of claim 1, further comprising repurchasing the digital tickets associated with ticket ownership rights. ### Claim 3 (depends on 1) The computer-implemented method of claim 1, further comprising displaying a barcode of the digital tickets for unblocking an event associated with a venue. ### Claim 4 (depends on 1) The computer-implemented method of claim 1, further comprising tracking transactions of the digital tickets using blockchain and a smart contract, wherein the smart contract is associated with predefined rules for handling transactions and enforcing a set of policies of the digital tickets. ### Claim 5 (depends on 1) The computer-implemented method of claim 1, further comprising determining a priority of transactions of the digital tickets associated with predefined time using the blockchain system and determining a sequence of the sale based on whether the digital tickets are previously sold or rescinded. ### Claim 6 (depends on 1) The computer-implemented method of claim 1, further comprising extracting an address of the digital tickets on the blockchain system, wherein the address is used to track ownership of the digital tickets and store the address of the digital tickets in a digital wallet. ### Claim 7 (depends on 1) The computer-implemented method of claim 1, further comprising updating an address of the digital tickets. ### Claim 8 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. ### Claim 9 (depends on 8) The system of claim 8, wherein the one or more processors are further configured to repurchase the digital tickets associated with ticket ownership rights. ### Claim 10 (depends on 8) The system of claim 8, wherein the one or more processors are further configured to track transactions of the digital tickets using a blockchain system and a smart contract, wherein the smart contract is associated with predefined rules for handling transactions and enforcing a set of policies of the digital tickets. ### Claim 11 (depends on 8) The system of claim 8, wherein the one or more processors are further configured to determine priority of transactions of the digital tickets associated with predefined time using the blockchain system and determine a sequence of the sale based on whether the ticket is previously sold or rescinded. ### Claim 12 (depends on 8) The system of claim 8, wherein the one or more processors are further configured to extract an address of the digital tickets on the blockchain system, wherein the address is used to track ownership of the digital tickets and store the address of the digital tickets in a digital wallet. ### Claim 13 (depends on 12) The system of claim 12, wherein the one or more processors are further configured to update the address of the digital tickets associated with a current owner of the digital tickets, wherein the current owner of the digital tickets is updated with a ticket ownership right and transactions of the digital tickets. ### Claim 14 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. ### Claim 15 (depends on 14) The non-transitory computer-readable storage medium of claim 14, further comprising repurchasing the digital tickets associated with ticket ownership rights. ### Claim 16 (depends on 14) The non-transitory computer-readable storage medium of claim 14, further comprising displaying a barcode of the digital tickets for unblocking an event associated with a venue. ### Claim 17 (depends on 14) The non-transitory computer-readable storage medium of claim 14, further comprising tracking transactions of the digital tickets using a blockchain system and a smart contract, wherein the smart contract is associated with predefined rules for handling transactions and enforcing a set of policies of the digital tickets. ### Claim 18 (depends on 14) The non-transitory computer-readable storage medium of claim 14, further comprising determining a priority of transactions of the digital tickets associated with predefined time using the blockchain system and determining a sequence of the sale based on whether the digital tickets are previously sold or rescinded. ### Claim 19 (depends on 14) The non-transitory computer-readable storage medium of claim 14, further comprising extracting an address of the digital tickets on the blockchain system, wherein the address is used to track ownership of the digital tickets and store the address of the digital tickets in a digital wallet.