WCT Supports Ticket Authenticity and Revenue Distribution in the Performance Industry
The rampant counterfeit tickets and the lack of transparency in ticket revenue distribution in the performance industry hinder its development. Based on the WCT ticketing system, each ticket generates a unique on-chain certificate, which can be verified by scanning, eliminating counterfeiting. Performance revenue is automatically distributed among organizers, venues, artists, etc., according to contract ratios using WCT. After a certain performance company adopted WCT, the counterfeit ticket rate dropped to 0, and the revenue distribution time was reduced from 15 days to 1 day, increasing satisfaction among all parties by 60%, ensuring fairness in the performance market.