UTIX (UTX)

UTIX are an online, decentralised event web hosting and e-ticketing system that utilises smart contracts to reduce market inefficiencies and supply occasion organisers (EO) with variables they conventionally wouldn’t have the ability to get a grip on. Users and event organisers can buy or sell tickets through cryptographic signatures stored on a blockchain that cannot become altered or damaged, removing the requirement of centralized servers, over-reliance on costly third events and more negative externalities that arise through an unregulated free market mechanism.
UTIX, through our own protocol, can provide tokens to a meeting organiser to be distributed to a user when a ticket with their event is paid for. Through our user-friendly interface, an event organiser/user has all the functionality of a blockchain, with no additional complexities typically involved. By utilising smart contracts, we could reduce complication, cost, and minimize the threat of fraud.