| Aventus Protocol | |
| Author: | Annika Monari and Alan Vey |
| Developer: | Aventus Protocol Foundation |
The Aventus is an open standard event ticketing platform based on blockchain.[1] [2] The protocol was first outlined by Annika Monari and Alan Vey in a 2016 white paper. The two met in 2015 while studying for their master's degrees at Imperial College, London.[3] They are co-founders and directors of the Aventus Protocol Foundation which oversees Aventus Systems, the only company running the protocol.
The Aventus Protocol is based on Ethereum blockchain technology[4] and its crypto token is the Aventus Token (AVT). The project was funded in two rounds. First by a private pre-sale and then, in September 2017, in an initial coin offering. The initial funding was reportedly £26 million, including 60,000 Ether raised.
The protocol creates a unique identity for each ticket that is then stored on a public blockchain. Each transaction involving the ticket is likewise recorded publicly. Monari and Vey stated in their white paper that the protocol is a tool to combat counterfeit tickets, uncontrolled resale, and opaque pricing.[5]
The Aventus Protocol was used for some of the tickets sold for the 2018 FIFA World Cup in Russia.[6]