Fixing ticketing: Vincent from Tixbase on eliminating fraud and improving transparency

Fixing ticketing: Vincent from Tixbase on eliminating fraud and improving transparency

Ever bought an event ticket only to find out it was fake or overpriced?

In this episode of the Web3 with Sam Kamani podcast, I sat down with Vincent from Tixbase to discuss how blockchain is transforming the event ticketing industry. Ticket fraud, price manipulation, and lack of transparency have plagued the industry for years. Tixbase is leveraging web3 technology to create a fairer, more secure ticketing system.

We explored the problems with traditional ticketing, how blockchain ensures authenticity, and how decentralization can empower artists, venues, and fans alike.

The problem with traditional ticketing

Ticketing should be simple—buy a ticket, attend an event. But in reality, the industry is filled with scalpers, counterfeit tickets, and opaque pricing models that make it frustrating for both fans and organizers.

Major issues in ticketing today:

• Scalping and inflated prices – Automated bots buy up tickets instantly and resell them at extremely high markups.
• Counterfeit tickets – Fake or duplicated tickets result in people being denied entry after paying high prices.
• Hidden fees and lack of transparency – Extra charges are often added without explanation, increasing costs for fans.
• Resale restrictions – Many platforms limit how and where tickets can be resold, reducing flexibility for buyers.

Vincent explained that web3 technology can solve many of these challenges by introducing transparency, verifiable ownership, and fair resale mechanisms.

How blockchain-based ticketing works

Blockchain brings several game-changing improvements to ticketing:

1. Verifiable authenticity

• Each ticket is minted as an NFT (non-fungible token), ensuring it is unique and impossible to duplicate.
• Blockchain records make it easy to verify whether a ticket is legitimate.

2. Scalping prevention and fair pricing

• Smart contracts allow event organizers to set price limits on resale tickets.
• This prevents bots from buying out tickets and reselling them at inflated prices.

3. Transparent resale markets

• Instead of shady third-party resellers, blockchain ticketing creates trusted marketplaces where users can resell tickets with built-in price rules.
• Resale revenue can be shared with event organizers or artists, ensuring fairness.

4. Reduced fraud and chargebacks

• Since blockchain records are immutable, fraudulent transactions and fake tickets become impossible.
• This eliminates disputes and chargebacks for event organizers.

Tixbase is building a system where fans have full ownership of their tickets, while artists and event organizers maintain control over pricing and distribution.

The role of smart contracts in ticketing

Smart contracts are self-executing agreements on the blockchain, and they play a key role in Tixbase’s ticketing model. Vincent outlined how they enhance security and fairness:

• Automated resale conditions – Organizers can set rules for reselling, such as limiting markups or sharing resale profits.
• Event entry validation – Tickets can be scanned and verified on-chain, reducing fraud at venues.
• Dynamic pricing adjustments – Smart contracts can enforce pricing strategies, such as discounts for early buyers or price stabilization for high-demand events.

This eliminates middlemen, making ticketing more efficient and secure.

The impact on artists, event organizers, and fans

Blockchain-based ticketing doesn’t just benefit buyers—it also creates new opportunities for event organizers and artists.

Benefits for artists and event organizers:

✅ Direct connection with fans – No third-party intermediaries, giving artists more control.
✅ Royalty payments on resales – Artists can earn a percentage when their tickets are resold.
✅ Lower costs – Eliminates excessive fees from centralized ticketing platforms.

Benefits for fans:

✅ Guaranteed authenticity – No more fake or invalid tickets.
✅ Transparent pricing – Buyers can see exactly where fees go and avoid inflated resale prices.
✅ Resale flexibility – If plans change, fans can resell tickets securely on blockchain-powered marketplaces.

Tixbase is redefining what fair ticketing looks like, giving both artists and fans more control and transparency.

Overcoming challenges in blockchain ticketing

Despite the benefits, blockchain ticketing still faces challenges. Vincent highlighted key areas that need further development:

1. User adoption and education

• Many fans are unfamiliar with NFT-based ticketing and might be hesitant to use crypto wallets.
• Tixbase is focused on creating an intuitive experience that feels like traditional ticketing, but with blockchain security.

2. Scalability

• Major events (like concerts or sports games) require processing thousands of transactions quickly.
• Layer 2 scaling solutions, such as Polygon or Optimism, help make transactions faster and cheaper.

3. Regulatory concerns

• Some governments have strict rules on ticket resales, which could affect decentralized marketplaces.
• Tixbase ensures compliance with local laws while maintaining decentralization.

By addressing these hurdles, blockchain ticketing can become the industry standard for events worldwide.

The future of ticketing with web3

Looking ahead, Vincent predicts that web3 ticketing will become mainstream, with:

• More artists adopting blockchain-based ticket sales.
• Integration with major event platforms to bring NFT ticketing to a wider audience.
• Smart contract-based fan engagement, such as exclusive rewards for ticket holders.
• Seamless crypto and fiat payment options, making blockchain ticketing accessible to everyone.

With platforms like Tixbase leading the way, event ticketing is set to become fairer, more transparent, and more secure.

Final thoughts

Traditional ticketing systems have long favored scalpers, middlemen, and centralized platforms. Blockchain offers a better alternative—one that gives artists, event organizers, and fans more control over the ticketing process.

Tixbase is helping eliminate fraud, improve resale fairness, and enhance transparency through blockchain-based ticketing. If you’re interested in how web3 can disrupt the ticketing industry, this episode is a must-listen.

Listen to the full conversation

For a deep dive into web3 ticketing, NFT-based event passes, and blockchain’s role in eliminating fraud, listen to the full episode on:

• Spotify: Listen here
• Apple Podcasts: Listen here

If you’re passionate about fair ticketing and blockchain innovation, share this episode with your network!

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