GET update February ’20 — International expansion

We are proud to be able to announce the third user of the GET Protocol.

Welcome back! Let’s dive right in. What to expect from this blog:

Big news from Korea!

We proudly present: getTicket. Monthly Mentionables

What’s been going on? Blockchain update

Blockchain developer Kasper Keunen presents a lot of technical documentation about the workings of the protocol. Dev update

Product Owner Frans Twisk.

getTicket is bringing honest ticketing to Korea!

Introducing the third ticketing company to integrate GET Protocol.

Honest ticketing in Korea

We are very happy to introduce getTicket to the world. ‘getTicket’ is a newly formed joint venture, based in Seoul. It comprises of an entirely Korean team, from executives to (business) developers. After an extensive and fruitful period of moves behind the scenes, it is now almost time for the getTicket to open its doors and start selling tickets!

Mission & focus

The core focus is to bring honest ticketing to the Korean market, using GET Protocol’s ticketing infrastructure.

With direct guidance from the GET Protocol team, getTicket has been able to rapidly set up the necessary components to start issuing the smart tickets that have been used to end scalping and fraud for hundreds of events in The Netherlands.

Over the better part of a year — which included several visits, daily updates and one heavily used Slack channel — the getTicket team has positioned itself to enter the Korean ticketing market.

What to expect?

Not only the technical team of getTicket has been making strides; there has been significant progress made on the business development front. We expect to hear about their first events before too long.

In fact… The first K-Pop stadium shows will be sold this year already!

That’s right, K-Pop!

First one down, infinitely more to go

The founding of getTicket marks the first completed iteration of the GET Protocol whitelabeling process, where a large part of the required infrastructure of the ticketing back- & frontend are provided by the protocol, in order to assist in a quick and smooth road to market.

Over several meetings and a close cooperation, the GET Protocol team has worked closely with the getTicket team to facilitate integration and technical understanding.

Now that the white labeling process is thoroughly completed and stream-lined, it can easily be recreated in any market worldwide.

This is a major advancement in the roll-out of the protocol, as it can now quickly become accessible for all parties who want to start — or improve — a local ticketing company, to issue smart tickets to new or existing clients.

Maarten Bloemers, founder of GET Protocol:

‘Over the 3,5 years since we have sold our first ticket, the team has put forth a world-class achievement. The fact that we are now getting recognition on a global scale makes me incredibly proud. However, our mission of becoming the worldwide standard for digital ticketing is nowhere near to complete. We won’t rest until we get there.’

Korean market fit

The Korean market is a perfect fit for the implementation of an honest ticketing system, seeing as there are constant issues with ticket scalpers and frauds, while there is little to no regulation in place that protects the fans.

‘Currently, unauthorized ticket trading constitutes a misdemeanor under the Minor Offenses Act, but only if it takes place on the scene — that is, offline. Online ticket brokers cannot be prosecuted under the law as it is currently written.’

Concert organizers and online ticketing companies have been working to regulate scalpers. However, with limited options, industry insiders have voiced the need for a proper solution. — Source.

This lack of regulation and protection comes at a time when the Korean music & event industry is growing at an astronomical rate. The huge rise of popular artists is creating more demand for new events and tickets.

This means that the arrival of getTicket is not a minute too soon! While the preparations for the first K-Pop events are underway, the plans to tackle the next market are already being developed.

The GET token & Exchanges

An important part of the workings of the protocol is the GET token. This is a utility token, which serves a valuable purpose as a type of fuel for the smart tickets that are issued by the protocol.

As our foothold and our community in Korea grows, we will also facilitate accessibility to the token and project news for Korean traders!

For every smart ticket that is issued using the protocol, GET is required to enable its features and usage. At the end of an event cycle, an amount of GET is ‘burned’ and taken out of circulation forever.

There is a lot more to be said about the tokenomics of GET; for this you can take a look on the token page of the GET Protocol website.

Currently the GET token is traded on the following exchanges:

Liquid

Hotbit

IDEX

Nocks

DDEX

New exchanges will be added to facilitate token accessibility and tradability for new traders and the new markets!

If you are not yet experienced with trading at these exchanges, or with buying crypto in general, the following blog walks you through it step by step.