TicketMint solution by SmartLedger
Last updated
Last updated
PROJECT OVERVIEW
Product: TicketMint, a revolutionary event ticketing platform leveraging blockchain for secure and verifiable ticket distribution. Eliminate fraud and enable new revenue streams through controlled secondary markets.
Solution Provider: SmartLedger
Industry: Event Ticketing & Entertainment
Website URL:
Geographic Reach: Global (primary focus in the U.S.)
BSV Integration Start Date: 2021
BUSINESS CHALLENGE
Fraudulent ticketing has long plagued the events industry. In 2019, approximately 12% of tickets purchased by adults were scams, undermining consumer trust and causing financial losses for event organizers and attendees alike. Traditional ticketing systems failed to offer verifiable authenticity, had no control over secondary market resale, and relied on intermediaries, leading to:
Widespread ticket scalping and price gouging
Lack of transparency in ticket ownership and resale
Manual verification processes prone to error and abuse
WHY BSV?
The BSV blockchain was selected for its:
Massive scalability: Enables high-speed, low-cost processing for millions of tickets.
Data integrity: Guarantees immutability and verifiability of on-chain ticket records.
Unique asset storage: BSV supports storing NFTs directly on-chain, a feature unavailable on many other chains.
Low transaction fees: Makes minting and transferring tickets economically viable for any event size.
Unlike Ethereum and other blockchain options, BSV’s scalable infrastructure and stable protocol made it the only viable choice for a mass-market, fraud-free ticketing solution.
SOLUTION ARCHITECTURE
TicketMint is a blockchain-based ticketing platform that issues NFT tickets directly on the BSV blockchain via the E2 Wallet. Key features include:
On-chain ticket minting by event creators
Real-time ticket authentication at event gates
Secondary market control, allowing resale while preserving authenticity
NFT functionality for ticket customization and memorabilia (e.g., attaching event photos)
The platform integrates with external apps such as Omniscape for extended metaverse engagement—allowing users to interact with NFTs in real-world events, like collecting virtual drink tokens.
IMPLEMENTATION PROCESS
TicketMint followed a streamlined rollout:
Prototype and Development (2021–2022)
Pilot Events with early adopters and industry partners
Full Production Launch with global accessibility via ticketmint.app
Integration with E2 Wallet for payment, asset storage, and activation
The platform abstracts away the blockchain backend, offering a user-friendly experience requiring no prior blockchain knowledge for users or event organizers.
OUTCOMES & BUSINESS IMPACT
TicketMint has delivered measurable improvements across the ticketing ecosystem:
99% reduction in ticket fraud
25% increase in revenue through controlled secondary sales
0.1 second average ticket processing time
Enhanced auditing and traceability via on-chain ticket history
Boost in fan engagement with collectible, interactive NFT tickets
Stakeholder feedback highlights improved event security, smoother gate entry, and enriched event experiences.
CHALLENGES & MITIGATIONS
Initial challenges included:
Educating the industry on blockchain benefits
Abstracting blockchain complexity for mainstream users
Ensuring wallet adoption (E2 wallet onboarding)
Mitigations:
Built a seamless UI/UX that hides blockchain complexity
Integrated familiar payment methods (e.g., Stripe)
Provided real-time ticket activation and validation at venues for enhanced security
FUTURE VISION
SmartLedger plans to expand TicketMint to:
Additional sectors like airline tickets, bus passes, and educational credentials
Support Web3 event experiences, including virtual concerts and immersive environments
Enable customizable NFT memory layers, where users attach personal media to ticket NFTs
Further integrate with XR/AR platforms for metaverse interactivity
TESTIMONIAL HIGHLIGHTS
“It’s not just about preventing fraud—it’s about enhancing the entire event experience.”
— TicketMint Development Team
