How is blockchain technology changing the event industry?

A revolution in many fields thanks to blockchain technology, and the event industry is no exception.

Blockchain is a decentralized information storage and transmission technology, developed to solve problems of trust and security in online transactions and data storage. For the event industry, blockchain technology has been changing the way we organize, manage and participate in events.

Ticket sales management for event industries

Blockchain technology provides a smarter mechanism for managing ticket sales and event registration. Through the use of smart contracts, ticket purchases will take place automatically and transparently, avoiding fraud, completely preventing the problem of copying or counterfeiting tickets in the past.

In addition, blockchain technology can also help event organizers identify the number of attendees, participant data, easily find out who the ticket was issued to and verify who holds it… The management process becomes more seamless and streamlined than ever.

Convenient transactions

Thanks to blockchain technology, payment and transaction methods are more convenient and secure. During the event organization process, blockchain allows direct transactions between organizers and attendees, eliminating any third-party intervention. The situation of ticket scalpers and black market tickets will also end. Moreover, using blockchain, transactions will be processed quickly and efficiently, minimizing waiting time or costs arising from intermediary transactions.

Enhanced interaction and personalized experience

The event organization industry has witnessed an unprecedented transformation when applying modern technologies to its events. For example, combining blockchain with VR, AR, and gamification technologies will help attendees interact and engage more with the event…

The event industry will optimize processes and manage data better

Blockchain will provide a safe and secure data storage mechanism that can retrieve and analyze data accurately. For example, analyzing attendee behavior to improve processes and optimize event operations. Or you can use post-event analysis results to make better improvements for future events.

In addition, blockchain helps optimize the event organization process through system automation, simplifying processes to help save costs and human resources effectively.

Reaching a large audience

The event industry is increasingly expanding its scale to a new level. Thanks to the added power of blockchain technology, online events and virtual experiences can attract a large number of participants. An event can now reduce barriers of geographical space, time, etc. to reach targets around the world, helping the event have a much stronger influence.

Helping to connect the community and socialize the event

Because of its security, safety and transparency, the application of blockchain technology is used for highly community-oriented events, such as charity or donations. Smart contracts allow for the identification of the origin and management of donations, and the effective distribution of sponsorship. Events will build prestige and trust in the community, helping event organizations connect more closely together, and together create values for society.

In short, blockchain technology is creating huge changes in the event industry. The advancements and innovations that this technology brings will continue to shape and enhance the experience of event attendees in the future, creating more memorable and impressive events than ever before. Quickly grasping the above potentials, Next Level is also gradually joining hands with a young Vietnamese technology team, promising to create leading breakthroughs in the event industry in Vietnam. Partners and customers can refer to some of the events that we have successfully implemented here.