Aventus – the blockchain-powered protocol specifically designed for cryptocurrencies – has reportedly rolled out Aventus Classic – a decentralized, open-source code for ticketing, built on Ethereum.

As reported by Aventus Network via their blog, the new ticketing protocol was developed with a primary goal to put an end to fraud, and help making the event ticketing field more transparent. 

“This release marks our first real step in engaging with the open-source community, as Aventus Classic will now be open to contributions from anyone and will no longer be solely developed by official partners of the Aventus Protocol Foundation.”

The news about the ticketing protocol arrived at the same time with a recently announced contest – which grants $15,000 in Ether for the winning blockchain engineer. Aventus have collaborated with the Satoshi Awards to host the competition, which requires engineers to design a ticketing tool powered by blockchain. 

Steve Ellis – current CEO and founder of The Satoshi Awards – shared that they are excited upon the newly-formed alliance with Aventus, and their efforts to encourage the open-source community to participate in the contest.

“We are excited to see the entries start rolling in and couldn’t think of a better way to manage our tickets than through blockchain to promote trust, transparency, and innovation.”