Event Ticket Scalping Prevention System using Blockchain and AI

Abstract

Currently, tickets scams and counterfeits are the main issue within the ticket purchasing platforms. This creates an unfair pricing strategy and diminishes users' confidence in them. Traditional platforms have issues with transparency, cannot control unauthorized re-selling and excessive buying. Rexell uses a combination of blockchain technology and artificial intelligence for solving these problems. The tickets are generated from smart contracts in the form of non-fungible tokens (NFTs) for providing security and traceability. The AI anti-scalping component monitors users' actions and informs about any potential scam activities, including use of bots and fast transactions. The implementation of the controlled resale process with permission from the organizers prevents price manipulation. The system strives to be convenient, safe, transparent and have fraud prevention algorithm. The experiment proves that the proposed approach is effective in preventing the scam attempts and increasing the integrity of the system.