ICO Review: EVEDO
Summary
EVEDO is a brand-new ecosystem based on blockchain technology, consisting of B2B & B2C Marketplaces.
EVEDO aims to unify different kinds of businesses and participants involved in the organising of events.
EVEDO wants to build a marketplace on the blockchain and a true ecosystem that will help the $850+ billion event industry grow and develop by connecting all the different parties involved without unnecessary middlemen.
“EVEDO was founded exactly one year ago to pursue a magical idea: to improve events and event organizing”
- Stoyan Angelov, CEO of EVEDO.
The Problem
When it comes to the events industry, for an event to be a success — venues, performers, sponsors, partnerships, rentals, ticket resellers, and even different software applications need to be coordinated and work in accord with one another. Unfortunately, however, this often results in many mistakes and problems caused by miscommunication, trust issues, or loss of time and money.
EVEDO is a new blockchain-based platform that wants to give everyone in the industry a great toolkit to cut event costs and to make sure that everyone involved gets a fair shake.
The Solution
EVEDO aims to eliminate such problems by functioning as an intermediary between all those involved in sponsoring, organizing, running, and attending an event. The EVEDO ecosystem will utilise smart contracts in order to ensure that the entire event organising process is fast, transparent, and secure.
Furthermore, EVEDO features a designated B2C Marketplace focused solely on Organizers, Promoters, and Attendees. The B2C Marketplace will enable new or existing audiences to buy or sell tickets or even market upcoming events.
The Advantages
Smart Contracts
The use and implementation of smart contracts on the EVEDO platform will ensure that trustless communication is possible between the different entities involved (e.g. event organizers, sponsors, artists and performers, venues, attendees, and rental companies). One other benefit of the smart contract is that it also eliminates the payment issues that most events face.
Transparent
EVEDO aims to create a unified ecosystem where all event participants are placed on the blockchain. The participants are transparently connected; therefore, all the transactions, tickets purchases, and funds raised for events can be easily monitored.
Reduced Fees
EVEDO aims to offer cheaper prices for events by eliminating the reliance on intermediaries, or middlemen, who have always charged exorbitant prices that reduce the total revenue generated from the events.
Time Saving
Organising a small or big event on EVEDO doesn’t necessarily have to be a time-consuming process or even a complicated one, since the event organisers would only need to register on the EVEDO marketplace in order to start sourcing relevant venues, performers, equipment, and sponsors.
Conclusion
The event industry, like many other industries, is about to change due to the advent of blockchain technology, and since the only solution capable of disrupting the events industry is a unified platform capable of structuring all relevant parties into one decentralised ecosystem — it will be very interesting to see EVEDO in action once they come up with a polished, fully-functioning all-inclusive platform later this year.
Join EVEDO:
Join us now! We strive to share quality content and build a positive, fun and knowledgeable community:
- Telegram announcement channel to never miss one of our news: https://t.me/GainsANN
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- Quiz Telegram group: to win free tokens, compete and learn: https://t.me/GainsQuizzes
- Discord: https://discord.gg/WebCxR3
Written by Roman.
