Evolve Markets

Event management DApp BlockParty joins Status blockchain incubator

Ethereum-powered event management DApp newest project joining Status Incubate.

Status Incubate, the blockchain accelerator from Ethereum client 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.

“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.”

BlockParty Founder, Makoto Inoue

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.

Source:Status Incubate

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry that something went wrong, repeat again!