Grants and Contributions:

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Title:

Smart Contracts for Digital Tickets for Live Entertainment Events.

Agreement Number:

905690

Agreement Value:

$50,000.00

Agreement Date:

Apr 1, 2018 - Dec 31, 2018

Description:

Tik Tiks is building a smart contract protocol and decentralized database that allows venues, artists, teams and promoters to manage the sale and resale of tickets to their fans dynamically and across multiple market channels. The protocol is specifically designed for the distribution of digital tickets to live entertainment events to eliminate fraud and unsolicited reselling/scalping while capturing revenue and data generated on secondary markets and 3rd party sales channels. Fans benefit by being able to buy verified tickets securely from peers, primary markets, or 3rd party markets. Artists, promoters/venues, and sports teams can capture net new fans, and net new revenue by restricting and capturing commissions on after sale markets.

Organization:

National Research Council Canada

Expected Results:

The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization

Location:

Calgary, Alberta, CA T2P 1G6

Reference Number:

172-2018-2019-Q1-905690

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

825333578

Recipient Type:

For-profit organization

Amendment Date

Jun 29, 2018

Recipient's Legal Name:

TikTiks Inc.

Federal Riding Name:

Calgary Centre

Federal Riding Number:

48004

Program:

Industrial Research Assistance Program – Contributions to Firms

Program Purpose:

Coverage:

IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation.

NAICS Code:

511211

Amendments:

See Amendments