Patent ID: 11907916
Assignee: LIVE NATION ENTERTAINMENT, INC.
Field: Digital communication (Electrical engineering)
Classification: CPC G  H | IPC G  H

Claim 0:
1. A computer-implemented method for creating a digital ticket for an event, the computer-implemented method comprising:
creating, by one or more processors of a system, a template for a ticket for the event, wherein:
the ticket is a physical ticket, and
the template for the ticket comprises a set of policies for:
distribution, transfer, and redemption of the ticket,
managing ownership of the ticket,
managing access for the ticket, and
restricting one or more parameters associated with the ticket,

extracting, by the one or more processors, data from the ticket, wherein the data includes the one or more parameters associated with the ticket;
associating, by the one or more processors, the data extracted from the ticket with a unique identifier of the event;
determining, by the one or more processors, a presence or an absence of a copy of the ticket in a database;
creating, by the one or more processors, bytecodes and application binary interface (ABI) based on the template of the ticket, wherein the bytecodes and the ABI is created in response to determining that the copy of the ticket is absent;
creating, by the one or more processors, the digital ticket using the bytecodes and the ABI;
deploying, by the one or more processors, the digital ticket to a blockchain system;
receiving, by the one or more processors, a request to unlock the digital ticket along with a current location of the digital ticket and a time left for starting the event;
passing, by the one or more processors, the request to the ABI; and
unlocking, by the one or more processors, the digital ticket when the current location of the digital ticket is within a geofence of a venue of the event and the time left for starting the event is within a predetermined time left for the event to begin.