What Is Evedo?
Evedo is a blockchain-based ecosystem that connects businesses, event organizers, venue owners, and performers. Evedo seeks to bring together all the individuals active in organizing and conducting events and in doing so, enable them to improve the quality of their work, observe the highest security levels, and eliminate unnecessary costs caused by intermediaries.
The Problem Evedo Seeks To Solve
In the events organizing industry, for an event to be successful, venues, performers, sponsors, partnerships, rentals, ticket resellers, and different software programs need to be coordinated and be in accord. This results in many mistakes caused by miscommunication, trust issues, loss of time and money, among many other issues.
Evedo aims to eliminate such problems by being an intermediary between all those involved in sponsoring, organizing, running, and attending an event. The Evedo ecosystem utilizes smart contracts to ensure that the entire event organizing process is fast, transparent, and secure.
Furthermore, Evedo features B2C marketplace focused on Organizers, Promoters, and Attendees. The marketplace enables new or existing audiences to buy or sell tickets or even market upcoming events.
How Evedo Works
To organize an event or crowdfund it on Evedo is easy, as it only requires the organizers to book the available venues and performers as well as the equipment on the Evedo B2B marketplace. The tickets are then sold to audiences on the B2B marketplace. The entire ecosystem is connected to the outside world through social networks and other marketing tools, which help the organizers reach their targeted audiences.
Entertainers, performers, and managers can create their profiles on the B2B marketplace where they can list their services, provide links to some of their previous work and the rates they charge per hour. The B2B marketplace also enables rental companies to list the equipment they supply to events and manage the equipment once they rent them out.
Venue owners on the other hand can register on the platform and provide all the necessary information regarding their venues, and confirm their availability for booking. The information the venue owners should provide on the marketplace include the venue’s capacity, the prices based on attendance, and photos of the venue.
The implementation of smart contracts on the platform ensures there is trustless communication between the event organizers, sponsors, artists and performers, venues, attendees, and rental companies. The smart contract also eliminates the payment issues that most events face.
Evedo will create a unified platform where all event participants are placed in a decentralized ecosystem. The participants are transparently connected; therefore, all the transactions, tickets purchases, and money raised for events can be easily monitored.
Evedo ecosystem for event handling significantly reduces the prices by eliminating the reliance on intermediaries who initially charged exorbitant prices that reduces the revenue generated from the events.
Organizing small or big event on Evedo isn’t a time consuming process or complicated, since the event organizers only need to register on the Evedo marketplace to source venues, performers, equipment, and sponsors.