By integrating Chainlink, Betterticket now has access to decentralized oracle networks that help power Betterticket’s time-based ticket sales, logic-based ticket rewards, accurate price data conversions, and the reliable selection of lucky draw winners. Ultimately this creates a better ticketing system for community members, DAOs, brands, and event organizers.

Betterticket provides secure Web3 event aggregators API, Web3 event management SDKs and 12 reusable smart contracts to quickly build and operate decentralized event ticketing applications. Anyone can use Betterticket to create events, sell NFT tickets, and schedule one-to-one meetings. The use of blockchain ticketing is still new for many established event organizers, and ensuring an end-to-end, decentralized guarantee for how an event or meetup application functions is essential. To help accomplish this, they’ve integrated a full suite of Chainlink services to accomplish four goals:

1. Reliably Selecting Lucky Draw Winners With Chainlink VRF

2. Reliably Triggering Fees and Reward Distribution With Chainlink Automation

3. Using Chainlink Automation to Start and End Ticket Sales of an event (Concert or Sport Event)

4. Helping Provide Accurate Price Data Conversions With Chainlink Price Feeds.

5. Conclusion

After mainnet launch, They aim to integrate Chainlink Automation to provide trust-minimized off-chain services to compute Event Tickets Refunds. The refund process for Web3 event tickets will require more privacy and greater robustness, so they hope to use Chainlink Automation to examine specific refund conditions and criteria for events in order to approve refunds.

“Chainlink services are known for their reliability, security, and ease-of-use. In order to build applications with real-world use cases, such as Betterticket’s improved ticketing system, it’s essential that smart contracts have access to external functionality. Chainlink provides an all-in-one solution that’s clearly the best in the industry.” — the Betterticket team.

About Betterticket

Betterticket is building the world’s first Web 3.0 Event-Based Social Networks for in-person, online, and metaverse events. We offer a decentralized event management and ticketing system that uses NFTs as Event Tickets.

 Website | Twitter

About Chainlink

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. The oracle networks provide smart contracts with a way to reliably connect to any external API. And leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across Defi, insurance, gaming, and other major industries. And offers global enterprises and leading data providers a universal gateway to all blockchains.

Website | Twitter

SOURCE:
https://blog.betterticket.info/betterticket-has-integrated-chainlink-vrf-keepers-and-price-feeds-as-key-components-for-on-chain-2025d4cfcf96

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