Ticketing startup Festy lands blockchain investment
Irish ticketing startup Festy joins forces with South Korean internet conglomerate Kakao to develop blockchain payment methods
News By | 26 March 2019
Cork, Ireland-based ticketing startup Festy has announced a partnership and investment deal with South Korean internet company Kakao, which will focus on the development of blockchain payment and analytics applications.
Launched in 2016, Festy initially allowed the storage of payments and ID data on music festival wristbands. The company has since evolved into a blockchain ticketing and payments mechanism for retailers, festivals and conferences, using a distributed ledger to record transactions.
The company has partnered with Ground X, a subsidiary of…
You've used your free article this month
Continue reading with a free account, or subscribe for unlimited access to all of our news, features and reports.
