Aventus Inroduces Ethereum

Aventus Protocol

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Aventus Inroduces Ethereum

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New York City-based Paxosis a financial technology company delivering blockchain solutions for global financial institutions. Its flagship service is Bankchain, a blockchain settlement platform that delivers instantaneous settlement and greater automation, offering market participants reduced counter party https://coinbreakingnews.info/icos/aventus-protocol/ risk, lower capital requirements and increased operational efficiencies. Credit Protocol is a base-layer blockchain technology which functions as a streamlined system for the management of credit processes. The Credit Protocol is a platform from which developers can then build their own projects.

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Provided as a managed service, Aventus simplifies the complexities of the changing media industry. “FanDragon operates an enterprise-scale ticket delivery platform enabled by the Aventus Protocol. Steve and Alan leveraged our platforms to provide the most secure and feature-rich live-stream offering on the market,” said Annika Monari, co-founder of Aventus. By engaging with independent experts to carry out the in-depth and unbiased audit, Aventus can deliver the business-critical security that is needed in order to carry out controlled ticketing transactions on the blockchain.

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  • All of LiveFrom’s mobile streams are secured by the Aventus Protocol, a layer-2 blockchain network focused around digital assets that brings scalability and privacy to Ethereum.
  • he world of live events has been long plagued by scalping, counterfeiting and touting.
  • Aventusis not trying to disrupt the ticketing industry or put anyone out of business – it wants to give companies the tools they need to better manage events.
  • Industry stakeholders have been intrigued by the potential of blockchain, and in recent months Aventus has sought every opportunity to talk with potential customers and partners.
  • The digital assets-focused blockchain-based protocol, Aventus, revealed its next code release Aventus Classic designed to create a more equitable and transparent ticketing industry.
  • The Aventus Protocol Foundation looks to blockchain technology to remedy these maladies by developing an open-source Ethereum-powered protocol that is likely to become an industry standard.

Tier 2: Aventus Network Realm

Leveraging key properties of digital asset-transactions to overcome challenges around scale that public smart-contract blockchains face today. Aventus is a Layer 2 solution that fuses the benefits of scale and anonymity achieved on private blockchains with the advantages of security and independence from public blockchains. The Aventus Protocol was used for some of the tickets sold for the 2018 FIFA World Cup in Russia. As many enterprises consider where blockchain fits in their future strategy, the developer community has also been showing signs of interest.

“The combination of FanDragon technology and Steve and Alan’s extensive live entertainment experience will help to deliver the best possible fan experience,” said Alan Vey, co-founder of Aventus. As a partially crowdsourced endeavour with a public-facing codebase, the Aventus Protocol Foundation team is committed to building a platform with the benefit of all in mind. To that end, work on the beta launch of the platform has continued into the first quarter of 2018, with an expected protocol for a minimum viable product delivered by the second quarter. In concert with its successful crowd sale, Aventus was proud to announce that among its first clients is D2C service provider Townsend Music, which has worked with high-profile artists such as Stormzy, Noel Gallagher’s High Flying Birds and The Prodigy. The research team has since been actively testing a voting module on the Rinkeby test net and has been actively engaging the open-source community with bug bounties to deliver a stable platform.

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Alleviate Fraud And Provide Transparency

Aventus Protocol

The release of the new ticketing protocol coincides with a $15,000 prize competition for blockchain developers. In partnership with The Satoshi Awards, developers are asked to build a blockchain-based ticketing system, where the winner will be awarded $15,000 worth of Ether.

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The royalty calculations along the value chain are currently mostly manual and generally managed via offline data sources. The solution aims to provide near real-time visibility of sales transactions to the participants in the blockchain network and to help participants react to market needs faster and more effectively, but it also points to some possible future uses of blockchain. Some providers pay us for advertisements or promotions on our website or in emails we may send you.

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