Not afraid of ticket expiration, no waste, blockchain technology, turning ticket into virtual currency
【Published by Anue News | Editor: Guo Xingyi | Translator: Statecraft 】
Not afraid of the expiration of the ticket, it is useless. Now some operators have introduced the blockchain technology into the ticket and turned into virtual currency.
Tickets are forgotten if they are forgotten and expired. Now there are ticket manufacturers who combine blockchain technology to convert physical tickets into MoChange Tokens, allowing expired tickets to be revived, expanding applications, creating consumers and Manufacturers win-win.
According to the statistics of the Trust Association, the Taiwan ticket market has an output value of about 30 billion NTD per year, but the face value of no exchange is as high as 8 billion NTD, which is equivalent to nearly 10 billion NTD per year may not be redeemed due to expiration.Nowadays, some players introduce the ticket into the blockchain technology, so that the ticket becomes a virtual currency and the field of use is more.
Mohist Web Technology currently has 90% of the ticket sales on the market and has an exclusive “instant trust ticketing system” with more than 10 million annual issuances, more than 4.8 billion issued, and more than 700 partners. Including Liufu Village, Onsen Papawaqa Hotel, five-star hotel Sheraton, Grand Hyatt, and chain restaurants and food paradise and other well-known enterprises.
Huang Shaofeng, the general manager of Mohist Web Technology said that: through the expired ticket recycling platform that will be launched soon. Let nearly 10 billion unused tickets be assetized and circulated, It is the primary task of virtual currency. Through the blockchain technology, the virtual currency “MoChange Token” is created to return the equity of expired tickets to consumers, and to expand the original ticket application scenarios to create a win-win situation for consumers and operators.
Huang Shaofeng said that MoChange Token can regenerate expired tickets, activate and capitalize the unused coupons and expired coupons. Consumers can also enjoy more favorable services through MoChange Token; as for manufacturers, they have the opportunity to boost performance through virtual currency.
■ Source: Anue News
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