Digital securitization, obfuscation, policy and commerce of event tickets
The present disclosure provides systems and methods that may convert traditional tickets into secure digital assets protected by cryptographic public/private keys that deploy these tickets on a blockchain. By structuring these tickets as smart digital contracts, such system can act as a self-policing escrow while simultaneously allowing ticket issuers greater control over the tickets after the tickets leave the ticket issuers' possession. The system can incorporate specific capabilities into the digital assets to provide an increased level of multiple ownership, security granularity, and sales restrictions in ticket transactions.
1. A computer-implemented method for creating cryptographically secure digital assets, comprising:
receiving, over a ticket delivery or management network, ticket information regarding an event ticket, including a ticket identifier and an event identifier, from a ticket issuing system;
creating a digital ticket for the event ticket based on the ticket information, wherein the digital ticket maintains a state that is indicative of ownership and transfer status of the event ticket, wherein the digital ticket encodes a distributed application;
creating, by the distributed application, a set of policies governing one or more ticket transactions of the event ticket, wherein the one or more ticket transactions are associated with a public key and a private key, wherein the public key enables read operations on the digital ticket and the private key enables a user to redeem or transfer the digital ticket, wherein the distributed application including a hash table representing one or more stored value extensions, wherein each stored value extension of the one or more of stored value extensions represents a certificate or voucher that is usable with the digital ticket, and wherein the one or more stored value extensions remain included in the distributed application after the digital ticket has been transferred to another user and are trackable after the certificate or voucher is redeemed;
deploying, over the ticket delivery or management network, the digital ticket to a blockchain system that implements cryptographic contract protocols, such that the one or more ticket transactions are supported by the implementation;
storing, in a database, a reference to the deployed digital ticket on the blockchain system;
receiving, at a server, input corresponding to a user request to transfer the event ticket to another user with a location of the ticket exchange and a time of the event, the user request being received using the private key, which enables the user to transfer the event ticket, and the user request including a modality from amongst a plurality of modalities for transferring the event ticket;
in response to receiving the user request, executing the distributed application encoded in the digital ticket, the distributed application transferring custody of the event ticket to a third-party system in response to determining the modality for transferring the event ticket, and the third-party system being configured to provide the event ticket for reassignment to users using an online marketplace;
posting, using the third-party system, the digital ticket as eligible for sale on the online marketplace; and
processing the set of policies including restricting the transfer of the ticket in response to determining that the location is not within a predetermined geofence for the event and a predetermined time before the time of the event.
2. The method of claim 1 , wherein the public key and the private key is generated by the blockchain system.
3. The method of claim 1 , wherein the digital ticket, when deployed, is the distributed application configured to manage state information, stored values, business rules, and functionality from one or more other applications via an application interface.
4. The method of claim 1 , wherein the one or more ticket transactions include a transfer, an exchange, or a redemption.
5. The method of claim 1 , wherein the set of policies enforces single-user ownership and multi-role access of the event ticket, and wherein the state indicates a current owner of the event ticket.
6. The method of claim 1 , wherein for an added value associated with the event ticket, the digital ticket encodes a set of rules governing value transactions of the added value.
7. The method of claim 1 , wherein the set of policies enforces spatial and temporal requirements with respect to the event ticket.
8. The method of claim 7 , wherein the spatial requirements include obtaining and confirming global positioning system coordinates of the location of the one or more ticket transactions.
9. The method of claim 1 , wherein the blockchain system further comprises smart groups, wherein the smart groups are distributed applications configured to validate actions or enforce ownership restrictions on the digital ticket.
10. The method of claim 9 , wherein the ownership restrictions include a list of individuals or groups, and wherein the smart groups are configured to ensure that a final holder of the digital ticket belongs to the list.