I am happy to see that such a good platform could be built. I have worked in the concert events and i know that the companies that sell for us the tickets tooks a big commission. Things has to be done and videhub could be a solution.
So, eventchain won't charge anything or very little? Still, not clear to me.
Yes, no processing fees on SmartTickets transactions. Tickets will be cheaper for fans and directly paid to artists or promoters!
Some say a little fee. Some say no fee. What's the reality?
I'm planning to implement EventChain somewhere but I'm confused about the fee.
No fees would be unrealistic, wouldn't it? The company/devs must be paid at one point of the game, the system has to run etc pp. Probably they will be cheaper then normal fees.
Addressing the confusion regarding fees, the misunderstanding is that fees will not be passed on to the customer. There is no reason a ticket buyer should pay a fee just to buy a ticket. However, if a marketplace wants to add fees and other added value like insurance or whatever then fees could be acceptable to buyers. As a rule though EventChain has no need to charge fees since we are the event hub, so promoters will pay us a fee to promote and deploy their events etc. This is the gist of the fees structure.
Blockchain is a technological advancement and the advent/growth of technology has always left people unemployed. It comes at a cost of zero human error. Actually not completely zero cos the technology has to be developed by a human, but possibility of an err is drastically reduced
