Technology

EventChain strengthens board during crowdsale

EventChain, the blockchain ticketing operator, has added Silicon Valley entrepreneur Dr Steven Funk and core developer of Factom, Piotr Piasecki, to its board of advisors.

The appointments come during the Singapore-based firm’s crowdsale, which launched earlier this week.

Funk has 30 years of experience in international corporate debt, equity investment, and real estate ownership and development.

Piasecki is a former moderator and top contributor to Bitcoin.StackExchange.com as well as a current moderator of /r/Bitcoin subreddit. He runs a number of Bitcoin-focused websites, including Vanity Pool and TestNet Faucet

EventChain said: “We are proud to announce these outstanding personalities for our fast-paced company. Many other prominent figures have recently joined the board of advisors and are backing the company.”

Meanwhile, it has been reported that Japanese blockchain ticketing start-up iFLYER, whose investors include Sony Music, is partnering with EventChain in order to utilise blockchain. There has been a recent boom in Japan’s clubbing scene, which has been quickened by the repeal last year of Japan’s anti-nightlife no-dancing laws.

iFLYER sells more than $2m in tickets annually and has around 400,000 active users.

Coin Telegraph reports that iFLYER believes that blockchain it can overcome many of the traditional obstacles faced by ticketing services and buyers.

IMAGE: Geralt