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

Claim 14:
15. A system for creating a digital ticket for an event, the system comprising:
one or more processors; and
memory coupled with the one or more processors, the memory configured to store instructions that when executed by the one or more processors cause the one or more processors to:
create 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,

extract data from the ticket, wherein the data includes the one or more parameters associated with the ticket;
associate the data extracted from the ticket with a unique identifier of the event;
determine, by the one or more processors, a presence or an absence of a copy of the ticket in a database;
create 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;
create the digital ticket using the bytecodes and the ABI;
deploy the digital ticket to a blockchain system;
receive a request to unlock the digital ticket along with a current location of the digital ticket and a time left for starting the event,
pass the request to the ABI; and
unlock 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.