Status Incubate, the blockchain accelerator from Ethereum client Status.im announced that BlockParty has become the third project selected following CryptoStrikers and Pixura. Led by Ethereum developer and community member Makoto Inoue, BlockParty is building a unique event management DApp.
An open-source project, BlockParty gives event planners and organizers a decentralized solution to the problem of overenrolled, under-attended events.
How it works
BlockParty requires people who register for an event to make a small ETH deposit. If they don’t attend the event, they lose their deposit. Once the event is over, any ETH lost due to non-attendance is distributed to those who attended.
Solving the problem of no-shows
BlockParty is unique in its approach to events and its application of smart contracts and behavioral economics.
[perfectpullquote align=”full” bordertop=”false” cite=”BlockParty Founder, Makoto Inoue” link=”” color=”” class=”” size=””]“We’re solving a real problem with Ethereum, because who likes showing up at an event to discover that most people who RSVP’d aren’t there? Unlike traditional event planning software, BlockParty creates a built-in incentive for attendance. It’s a solution we wouldn’t have been able to create even a few years ago; Ethereum makes BlockParty development possible.”[/perfectpullquote]
Prior to BlockParty, Makoto founded a developer-focused London Ethereum study group and began building a prototype for what would become BlockParty. Soon, the prototype was in use at DevCon2 and DevCon3. With his co-founders Jeff Lau and Ramesh Nair, Makoto sees BlockParty as a DApp with the potential for widespread adoption.