Grants and Contributions:

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Title:

Proof of Concept: Smart Contract Powered Event Ticket System

Agreement Number:

980240

Agreement Value:

$49,140.00

Agreement Date:

Oct 4, 2021 - Mar 21, 2022

Description:

The online event ticket market is expected to grow to over $67 billion by 2025. The space is currently dominated by a few large players that charge high fees, are slow in paying out money that is owed to event organizers, and most importantly, offer very little in terms of security and fraud prevention. Our goal is to create a smart contract-powered event ticket system that is simple, cost-effective, pays organizers in a timely fashion and addresses fraud prevention concerns using smart contracts. The knowledge gained through this project will additionally shape our thinking and vision for other such identity solutions across many domains, already identified by the team and yet to be discovered.

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:

Bonshaw, Prince Edward Island, CA C0A 1C0

Reference Number:

172-2021-2022-Q3-980240

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

783658909

Recipient Type:

For-profit organization

Additional Information:

This agreement has been amended 1 time(s). The end date of this agreements has been modified by 49 days.

Amendment Date

Jan 24, 2022

Recipient's Legal Name:

Three Hippies Inc.

Federal Riding Name:

Malpeque

Federal Riding Number:

11004

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