Clusters

Team info

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Nils Brennert

Payfest

Business ready / startup

The challenge

During a festival, the payment system plays a role in the experience of visitors. For every festival these methods are different and the visitors need to spend, at every festival, quite some time in preparing and buying coins before enjoying the festival. In addition, the coins that remain at the end of the festival lose their value and end up in the trash.

The solution

Payfest came up with an app that can be used at all cooperating festivals. This app runs on blockchain technology and serves as the visitor's payment method. You can easily purchase coins or transfer coins between accounts. The app has two types of accounts where these virtual coins can be stored. These accounts include your own account and a joint account with friends. By using this app and technology, the visitor will get more time to enjoy the festival.

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