A new dimension use case of blockchain technology

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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.

The news was originally published on news18.com on June 2018.

A music festival in San Francisco’s Civic Center Plaza about to showcase the innovative use of the new-age blockchain technology development, of course in a new dimension. It is the first 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 place on October 20th (2018).

The organizers are happy to disclose that it is the first of its kind festival to run on blockchain platform. Its ability to securely and transparently move data through the online ledger is its main attraction. Blockchain’s use cases from healthcare to banking and as a tool behind cryptocurrency too are growing. In such an environment, using this platform for other arrangement is a remarkable step.

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 completely remove the resale market that the organizers and artists have struggled to stop.

The use of blockchain will surely open up a new field of reasons as visitors and fans will earn cryptocurrency for everything from early ticket purchase to promoting the festival news among the friends. Even the fans can use the cryptocurrency on foods, drinks and VIP upgrades.

The main motto is to offer a better service to the visitors and fans. Over such music festivals, the preferences were always giving to the artists and no one ever asked what fans are seeking.

The use of blockchain platform will certainly help the fans to get their own place with more transparency and easy service obtaining flow.

Acknowledging the sellers who have been drawn to the blockchain, the organizers said that the festival is determined to run without any obstacle by starting small and gradually finetuning the processes. The Justin Blau, a financier turned DJ who conceptualized the festival added that tickets for the inaugural event are kept highly economical for a US festival.

Mr. Justin who is now associated with festival promoter Prime Social Group and blockchain entertainment studio SingularDTV hopes to bring this similar music festival in the coming years to Japan and Barcelona.

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 expert can help to build a more amazing real-life use case.

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