BPM Wallet

BPM is a revolutionary platform that aims to work with primary ticket outlets to provide venues and promoters with a low cost and secure transactions for next-generation electronic ticket sales which protect genuine fans.

BPM enables primary ticket outlets to manage their event tickets via the BPM dashboard by issuing tickets as Semi-Fungible Tokens (SFTs) direct to the BPM Marketplace or the purchaser’s verified BPM Wallet.

The BPM Wallet will redefine the event ticketing industry using blockchain technology to ensure seamless event ticket sales between primary ticket outlets and buyers. The wallet will additionally feature a secure marketplace for P2P (peer to peer) secondary ticket resale.

The current event ticketing processes do little to discourage unethical practices. Ticket touting has been on the rise in recent times not only creating an uneven playing field for genuine fans but harming the event promoters too. The Global Secondary Ticket Market was valued at USD 5.24 Billion in 2020 and is expected to reach USD 9.70 Billion by 2027 with a CAGR of 9.2% over the forecast period. This is money drained from the live business, negatively impacting future ticket sales, bar revenues and the sale of merchandise.

The use of software bots by some individuals is on the increase with the sole aim of exploiting and manipulating the pricing of tickets purchased in the primary market and then reselling them off on the secondary market at an inflated price.

After a ticket has changed hands, sometimes multiple times the event promoters don’t have any idea who owns that ticket or who is attending their event leading to a huge safety and security flaw.

On top of the ticket touting issues facing the industry, there has been a rise in scams, where either fake or non-existent tickets are sold, usually via social media.

The BPM Wallet Marketplace will allow for safe and secure secondary ticket sales. Tickets can securely be exchanged between user verified profiles with restrictions on the price that can be charged based on the ticket’s face value. This feature deters ticket touting practices stopping genuine fans from being exploited and also allows for event promoters to know who owns what ticket regardless of how many times it exchanged hands. Simultaneous transfer of tickets and payment between buyers and sellers will eradicate scams and ensure a safe and secure market.

Our solution provides protection against fake ticket forgery, black market touting and scams. lt offers a level of security unique to any current offering whereby events will know exactly who owns what ticket and exactly who is attending their event. On top of that, it will also reduce costs and enable quick production saving both time and money.