From b04dc83ae18240530e51133211c5dbceff466fb3 Mon Sep 17 00:00:00 2001 From: bzp99 Date: Wed, 7 Dec 2022 09:21:56 +0100 Subject: [PATCH] Add RMRK proposal --- RMRK_Proposal/Proposal.md | 47 +++++++++++++++++++++++++++++++++++++++ 1 file changed, 47 insertions(+) create mode 100644 RMRK_Proposal/Proposal.md diff --git a/RMRK_Proposal/Proposal.md b/RMRK_Proposal/Proposal.md new file mode 100644 index 0000000..9f04311 --- /dev/null +++ b/RMRK_Proposal/Proposal.md @@ -0,0 +1,47 @@ +# RMRK Proposal + +- Authors: {Péter Bertalan, Nagymarosi Máté, Toldi Balázs, Debreczeni Máté} +- Status: {Draft} +- Created: {2022-12-07} + +## Summary + +The RMRK documentation currently includes a use case description of a +ticketing system, built on revealable and multi-resource NFTs. +We extend this application with a few additional ideas that take +advantage of RMRK’s toolbox. + +## Motivation + +Classic solutions to ticketing come with their drawbacks. RMRK offers +new and versatile building blocks for making NFTs more powerful and +rich, while also eliminating a lot of the downsides. However, one aspect +not addressed by the current draft is scalping. Scalping is the practice +of buying large amounts of a scarce asset to resell it at a higher +price. Even centralized systems struggle to combat this issue. Our +proposal offers a possible mitigation. + +## Specification + +### Multi-use tickets + +Instead of following the traditional scheme of one ticket per event, a +ticket could possibly be valid for a number of select or arbitrary +events. In this case, ticket validation would entail verifying a counter +or the presence of a specific PoA besides the secret keyword. + +### A loyalty system + +Dedicated fans deserve extra perks for their support. Our proposal +utilizes multi-resource NFTs to enable customers to attain a collection +of PoAs as part of a single NFT. This could be used to set up the basis +of a loyalty system. Owners of such collections would be able to +participate in presales, ensuring that they don’t miss out on their +favourite event. + +### Scalping mitigation + +The loyalty system outlined already offers some level of protection +against scalpers, but we would further enhance this with the use of +Verifiable Credentials. These could be issued by a trusted organization +and the amount of tickets per capita could be limited.