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
Franciscos 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. Blockchains 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.
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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 fine-
tuning 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. For any
technical help, you can contact us.
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