Live Nation Entertainment Granted Patent for Blockchain Ticket System
Summary
The USPTO granted Live Nation Entertainment patent US12602670B2 for a blockchain-based ticket system that converts event tickets into secure digital assets using cryptographic public/private keys. The system structures tickets as smart digital contracts providing self-policing escrow, post-sale issuer control, multiple ownership capability, and sales restrictions. The patent contains 19 claims and was filed February 16, 2024.
What changed
The USPTO granted Live Nation Entertainment a patent for a blockchain-based system that converts traditional event tickets into secure digital assets protected by cryptographic keys. The system deploys tickets on a blockchain and structures them as smart digital contracts, enabling self-policing escrow functionality and allowing ticket issuers to maintain control over tickets after sale. The system provides capabilities for multiple ownership, security granularity, and sales restrictions in ticket transactions.
Live event ticketing platforms, blockchain technology developers, and digital asset companies should be aware of this patent when developing competing systems. The patent's broad claims covering digital ticket securitization, obfuscation, and commerce on blockchain may affect future product development in the secondary ticketing market.
Archived snapshot
Apr 17, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Digital securitization, obfuscation, policy and commerce of event tickets
Grant US12602670B2 Kind: B2 Apr 14, 2026
Assignee
Live Nation Entertainment, Inc.
Inventors
Sanzib Khaund
Abstract
The present disclosure provides systems and methods that may convert traditional tickets into secure digital assets protected by cryptographic public/private keys that deploy these tickets on a blockchain. By structuring these tickets as smart digital contracts, such system can act as a self-policing escrow while simultaneously allowing ticket issuers greater control over the tickets after the tickets leave the ticket issuers' possession. The system can incorporate specific capabilities into the digital assets to provide an increased level of multiple ownership, security granularity, and sales restrictions in ticket transactions.
CPC Classifications
G06Q 20/045 G06Q 20/3829 G06Q 2220/00 H04L 9/3236 H04L 9/3297 H04L 9/50 H04W 12/08
Filing Date
2024-02-16
Application No.
18444588
Claims
19
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Source
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