TikTiks Inc.
$50,000.00 CAD
- Department
- National Research Council Canada
- Recipient country
- Canada
- Fiscal year
- 2018-2019
- Agreement period
- April 1, 2018 – December 31, 2018
- Reference
- nrc-cnrc:172-2018-2019-Q1-905690
Published purpose
Tik Tiks is building a smart contract protocol and decentralized database that allows venues, artists, teams and promoters to manage the sale and resale of tickets to their fans dynamically and across multiple market channels. The protocol is specifically designed for the distribution of digital tickets to live entertainment events to eliminate fraud and unsolicited reselling/scalping while capturing revenue and data generated on secondary markets and 3rd party sales channels. Fans benefit by being able to buy verified tickets securely from peers, primary markets, or 3rd party markets. Artists, promoters/venues, and sports teams can capture net new fans, and net new revenue by restricting and capturing commissions on after sale markets.
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