Israeli firm Eticket has launched a blockchain-based platform called Et4, where customers can buy and sell tickets using the company’s tokens.

Buying and selling tickets is done using ET4 tokens, which the company issued during a private sale and ICO in February and March 2018.

During the sale, 2.4 million ET4 tokens were sold, with the collected funds going to the development of the blockchain-platform and marketing.

Tokens can be purchased at the BTC-Alpha crypto-exchange, as well as on the company’s website.

Daniil Kruchinin, chief executive and founder of Eticket, said: “Now the company plans international expansion, as well as penetrating to other p2p-markets with the own blockchain platform: buying and selling personal belongings, real estate, transportation, provision of services etc – all p2p markets with obstacle of trust, speed and transparency.

“The blockchain opens new perspectives both for our company and for all buyers and sellers all over the world.”

Eticket is reportedly negotiating investments from venture funds and investors, with the company also preparing for the second round of the ICO for only selected investors and funds.

Eticket was founded in 2015 and currently operates in Israel, Russia and the Asian market.

In 2017, the platform reached an annual turnover of $2m, while monthly revenues grew 2-4 per cent. The number of accredited ticket brokers on the platform reached over 3,500 users.

Image: Maiconfz