Blockchain-based Aventus has released a fully decentralised, open-source protocol in an effort to make the ticketing industry more transparent.

Aventus Classic is built upon the Ethereum blockchain and allows anyone to build decentralised applications for the ticketing industry.

Annika Monari, founder of Aventus said: “With this release, we are excited to start properly realising our vision for a more equitable and decentralised ticketing industry.”

The release coincides with their Aventus Classic DApp Competition in partnership with The Satoshi Awards, which celebrates the cryptocurrency sector.

The Satoshi Awards | Official Event Launch Video | Live at Anarchapulco 2019 |

People have been challenged to build a blockchain-based ticketing system, with the winner to be awarded $15,000 worth of Ether and 2 VIP tickets to the ceremony. The winning build will be used as the ticketing platform for The Satoshi Awards’ first event, taking place mid-2020.

Open to all blockchain developers and development teams, and running between the September 12 and November 12, competition entrants must create a ticket sales platform, a ticket delivery app and an access control app utilising Aventus’ newly released code.

Steve Ellis, chief executive, and founder of The Satoshi Awards, said: “We are thrilled to have partnered with Aventus and engage the open-source community to help build our ticketing system. We are excited to see the entries start rolling in and couldn’t think of a better way to manage our tickets than through blockchain to promote trust, transparency, and innovation.”