Blockchain - Jeike Ticketing

Blockchain Ticketing

Making Ticketing Transparent, Honest and Fair for Everyone

100%

Tickets protected from duplications and inflated resale prices.

10-25%

Increased ticketing revenue per event.

What is Blockchain?

More Than Bitcoin

Blockchain is known as the technology that powers Bitcoin. But its uses go far beyond cryptocurrency.
 
Blockchain makes it easy to transfer unique data and information between devices without being copied. Blockchain does this by using a database where every transaction of a single ticket is registered - preventing ticket duplication.

Why Blockchain?

A Level of Security No Other Technology Can Offer

Blockchain can do everything your ticketing needs it to do. Already adopted by global businesses, the technology stores and transfers value at a level of security not possible with other technology.
 
JEIKE Ticketing encourages fans to share information, giving you an immediate update on fan data and providing the necessary transparency.

How Does Blockchain Work?When a fan buys a ticket from you, the blockchain creates a network that makes the process straightforward. By organising transactions into a collective data structure, each block is chained to a previous block. Each new block uses data from the previous block to create a timestamp and provide transactional data. Using a cryptographic link between the blocks makes them tamper-proof.

Fan Purchases Ticket

Block One:
The first block created is when your fan buys a ticket. There is a sharing of data between the fan and you as well as a timestamp confirming the fan's purchase of your ticket.

Fan Receives Ticket

Block Two:
The second block is created when your fan receives the ticket. The fan has access to their ticket and you automatically receive full details of your fan's data.

Fan Attends/ Fan Resells Ticket

Block Three:
The third block gives you transparency if your fan was able to attend or resold their ticket. If the ticket was resold you can collect the information from the fan who purchased from them at a price you set.

Fan Buys Again

Block Four:
If the fan purchases again you will have complete transparency of their purchase history on any digital platform, including tickets, merchandise, pre-ordered food and beverage and any other products you sell online.

What Problems Does Blockchain Solve?

Connect Your Insights and Digital Assets in One Easy-to-Use Platform

Digital Assets

We use digital assets without even realising. From buying online tickets or merchandise to using passwords or taking pictures on our phones. For your digital assets to be valuable, it needs to be more than just a piece of data.
 
With JEIKE Tickets, you get transparency over who owns and how they interact with all of your digital assets, giving you the insights to manage your assets in a single platform, identifying new ways to promote, sell or exchange them.

Control

To have value over your digital assets it is important to have control over how they are created, managed and sold. Without your control, it can become easy for your tickets or merchandise to be faked or sold at inflated prices.
 
With JEIKE Tickets, you have full control of your digital assets. If you sell tickets or merchandise, you have full transparency of your fan's data, connected to your CRM, so you know exactly who is buying your tickets and how they behave across all of your digital assets.

Communication

With the data you can gather from JEIKE ticketing, you can develop personalised communications tailored to your fans based on their behaviours with your digital assets. If your fan buys merchandise online, you can tailor promotions around your merchandise or upselling tickets. If your fan buys tickets after a social media promotion you can tailor promotions to other fans for tickets or merchandise on social media.
 
With a CRM or email integration, you can easily access and view the communication details of your fans. Re-engage with your fans quickly to send future offers, or develop analytics to better understand purchasing behaviours and improve sales tactics.

Event Ticketing

It is common for traditional ticketing companies to keep data and promotions for themselves. When your fans buy tickets, existing ticketing companies start promoting other events related to your event to keep the customer engaged with them instead of you.
 
With JEIKE Tickets, you have total control of your event ticketing promotions. If you want to sell more tickets to your event, you have the full data to do so. If you want to send in-app notifications to your fans, you can do it quickly and easily.

Loyalty

If you want to engage fans in a loyalty campaign, you can manage it directly through a single application. From creating new digital assets, including memberships, to rewarding fans who regularly buy tickets with multi-event promotions, you can do so seamlessly.
 
Using the JEIKE Tickets platform to reward loyalty, you can control and oversee your digital assets to recruit new partners and increase your membership reach.

Sponsor Activation

When recruiting new partners, you will have full transparency of data to design commercial campaigns to activate your sponsors. If you want to engage fans to associate a brand with your organisation, or to offer a sales-driven campaign to encourage new partners to work with you, you can manage everything through the JEIKE Tickets platform.
 
Send in-app notifications to your fans to encourage in-event purchases from your partners, or encourage your fans to engage before or after your event to increase the value you can offer.

Blockchain Fundamentals

The Technical Terms That Are the Fundamental Elements of Blockchain Ticketing

A Distributed Ledger

A ledger is a record of who has owned an individual ticket.
 
Each person in the blockchain has full visibility of an identical copy of the ledger, and whenever an action is taken each participant in the ledger can see real-time updates. All transactions that are recorded in the ledger are transparent and can be viewed at any time. The ledger makes it easy for you to:
See how your digital assets are traded
Keep up-to-date records of transactions across multiple sites, countries, and continents

Nodes

A node is computer software that stores a full version of the ledger.
 
In a Blockchain network, all nodes are connected with each other and constantly exchange the latest information for up-to-date record keeping. Nodes are responsible for maintaining and updating the ledger.
 
Nodes check if a transaction is genuine and eliminates any bots or automated purchasing software from buying your tickets in bulk to resell at a higher price.

Cryptography

Public-key cryptography authorises transactions.
 
When your fan buys a ticket, they will be given a unique wallet - all accessible via the JEIKE app. The wallet holds the public-key cryptography, authorising transactions and encrypting information that is personal to your fan.
 
Only your fan will have access to the wallet, protecting their personal data.

Consensus Mechanisms

Blockchains are decentralised, which means there is no central authority to approve the addition of new information to the ledger.
 
Enter the consensus mechanism. A series of algorithms used to update the ledger and add new blocks to the chain. The consensus mechanisms determine how new transactions are added, and who adds them.
 
While a normal system will involve processing payments through banks, and possibly paying bank charges, a consensus mechanism involves purchasing the cryptocurrency which is then changed back into the national currency. The process is simultaneous, you and your fan won't know the difference, but it will eliminate the need to process a payment through banks and saves you fees.

Smart Contracts

A smart contract can automatically approve the exchange of assets when the terms of the contract are met, automating various business processes, for example, processing refunds.
 
Since they are supported by a ledger, smart contracts also benefit from being easy to audit and verify. The feature removes the need for trusted intermediaries, speeds up the settlement of contracts, and lowers losses due to fraud or arbitration costs.

Smart Contracts

A smart contract can automatically approve the exchange of assets when the terms of the contract are met, automating various business processes, for example, processing refunds.
 
Since they are supported by a ledger, smart contracts also benefit from being easy to audit and verify. The feature removes the need for trusted intermediaries, speeds up the settlement of contracts, and lowers losses due to fraud or arbitration costs.

The privacy of our Site visitors is very important to us, and we are committed to safeguarding it.
This Privacy Policy (hereinafter, “Policy”) explains what we do with your personal data and describes how Radix Sports Ltd (hereinafter “Radix Sports”, the “Company”, “We”, or “Us”) collects, uses, stores, shares, and protects your information through our website https://www.jeike.io/ (hereinafter the “Site”), and services and tools related to the Site, including the Radix Sports reports applications that you can download (collectively, the “Services”). The terms governing your use of the Radix Sports Services are defined in our Terms & Conditions (hereinafter the “Terms of Use”).
This Policy applies to those who access, visit, or use our Site and/or engage our Services (hereinafter referred as to “User/s”).

1. WHAT PERSONAL DATA DO WE COLLECT AND WHY

We inform you that in order to use any of the functionalities of the Site and the Services, we may collect certain information from you.
The data we request is appropriate, relevant and strictly necessary for the purposes for which they are collected.
In accordance with the aforementioned, you communicate to us the following necessary categories of data for the execution of our Services.

CATEGORY
Personal data you voluntarily supply when you log in to our Site

PERSONAL DATA
Identifiable data that you enter in order to set up a subscription to our newsletters and reports: email address, first name, last name, phone and country.
Any other identifying data such as your CV.

CATEGORY
Enabling your use of the services available on our website.
Informing you if there is any job opportunity that fits your profile.
With your consent when necessary, sending you non-marketing commercial communications and marketing communications relating to our business.
Sending you email notifications you have specifically requested.

Tracking Site usage
Information about your computer including your IP address, geographical location, browser type and version, and operating system.
Information about your visits to and use of this website including the referral source, length of visit, page views, and website navigation paths.
Information that you enter when you register with our Site, such as your email Site.

Administering our Site and business.
Dealing with enquiries and complaints made by or about you relating to our website.

Keeping our website secure and to prevent fraud
Verifying compliance with the terms and conditions governing the use of our website.

3. LEGAL BASIS

Our legal basis for collecting and using the personal data described above will depend on the personal data concerned and the specific context in which we collect it.
However, we will normally collect personal data from you only
(i) where we need the personal data to fulfil our contractual obligations (Terms of Use) with you
(ii) where we need your consent to do so. We will not, without your expressed consent, supply your personal data to any third party for their or any other third party’s direct marketing; or;
(iii) In some cases, we may also have a legal obligation to collect personal data from you. If we ask you to provide personal data to comply with a legal requirement or to perform a contract with you, we will make this clear at the relevant time and advise you whether the provision of your personal data is mandatory or not (as well as of the possible consequences if you do not provide your personal information).
We retain your personal data for active Radix Sports accounts as long as it is necessary and relevant for our operations.

4. DISCLOSING PERSONAL DATA

We may disclose your personal data to (i) our Service providers as necessary to render the Services, (ii) to any member of our group of companies (this means our Affiliates, our ultimate holding company and all its subsidiaries), as reasonably necessary for the purposes set out in this Policy.
Our providers and subsidiaries are required by contract to keep confidential and secure the information they process on behalf of Radix Sports may not use it for any purpose other than to carry out the Services they are performing for Radix Sports.

5. INTERNATIONAL DATA TRANSFERS

When Radix Sports processes personal data of natural persons who are in the European Union or EEA (*), we abide by the Regulation UE 2016/679 General of Protection of Data, dated April 27th, 2016 (hereinafter “GDPR”).
For any doubt, you can contact Radix Sports Ltd – located in Level One, Basecamp Liverpool, 49 Jamaica Street, Liverpool, L1 0AH, United Kingdom, who acts as our legal representative to the effects foreseen in article 27 of the GDPR.
(*) EEA means the European Union plus Iceland, Liechtenstein and Norway.

6. RETAINING PERSONAL DATA

This Section sets out our data retention policies and procedure, which are designed to help ensure that we comply with our legal obligations regarding the retention and deletion of personal data.
Personal data that we process for any purpose or purposes shall not be kept for longer than is necessary for that purpose or those purposes. However, when we process your personal data for recruitment purposes, we will keep this information until the open role is filled. When that period is over, we will retain it for a 1-year period for the purpose of the future vacancies.
We will retain documents (including electronic documents) containing personal data: a. to the extent that we are required to do so by law if we believe that the documents may be relevant to any ongoing or prospective legal proceedings; and in order to establish, exercise, or defend our legal rights (including providing information to others for the purposes of fraud prevention).

7. WHAT PRIVACY RIGHTS DO YOU HAVE AND HOW TO EXERCISE THEM?

You have the right to request from Radix Sports access to and rectification or erasure of your personal data or restriction of processing or to object to processing as well as the right to data portability.
If deemed necessary, you also have the right to lodge a complaint with a supervisory authority.
To do so, please write to the company’s head office at Level One, Basecamp Liverpool, 49 Jamaica Street, Liverpool, L1 0AH.

8. SECURITY OF YOUR PERSONAL DATA

We will take reasonable technical and organizational precautions to prevent the loss, misuse, or alteration of your personal data We will store all the personal data you provide on our secure servers.
You acknowledge that the transmission of information over the internet is inherently insecure, and we cannot guarantee the security of data sent over the internet.

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10. CHANGES TO PRIVACY POLICY

We may update this policy from time to time by publishing a new version on our Site. You should check this page occasionally to ensure you understand any changes to this Policy. We may notify you of changes to this Policy by email or through the private messaging system on our Site.