How Backstage $BKS revamps the Event Industry? And why is it important?

Introduction-Adding a new acreage to the event industry:

Humans are social animals. So are social gatherings. Therefore, the event industry is considered to be one of the longest-lasting industries. In 2019, the industry size was estimated at $113.4 billion, and it is anticipated to touch $1552.9 billion business by 2028, total growth of 11.2% in a span of 8 years. These blooming numbers are the sign the event industry will propel more than your expectations.

Being an Event organizer, what’s your approach?

Being an event organizer, the step towards it perceives the mindset of your target audience that can excite them. And the last step plan of action is the implementation of all the strategies in the event. It can be noticed that youngsters are highly attracted towards events such as music concerts, sports, exhibitions & conferences, seminars, and others. Thus, boosting the size of the industry. With frequent cases of music concerts and other events, promoters and brands are in line for collaborations — resulting in a win-win situation for all.

Problems that plague the event industry:

• No best-in-class technology is available for handling the overall project in a secure and transparent manner.
• Payments are still made through cash, which can take days.
• If you participate in the event, your information will be stored with the event organizers- no anonymity.
• No transparency in the entire process
• Miscommunication due to the presence of bureaucracy in the system
• Issue of licensing in food and beverage, alcohol, health and safety, medical protocols, fire and emergency protocol, sound certifications, capacity certification, disable infrastructure license, landmark and planning permissions, environmental certifications, which just makes the entire process tedious.
• Manual data entry, manual maintenance management, and manual financial/cost analysis.
• Higher entry barriers and the presence of alternatives are some of the major challenges of the market.
• The inefficiency of local authorities to get licensing for food and alcoholic beverages, fire, health and safety, soundproofing certifications, and many other required licenses and permits is costly and very time-consuming.

Solutions Offered by Backstage $BKS:

Welcome to BKS Backstage Crypto Coin; the revolution that it plans to bring in the industry is commendable. Here are the solutions that it will provide;

• The technological solution that allows events goers to pay with their own account in total security.
• Organizers can eliminate cash payments by taking advantage of blockchain security.
• BKS creates an internal digitized payment system through a personal wallet connected to payment devices such as bracelets or mobile apps.
• Users can benefit from initial commercial bonuses.
• Stock control certification.
• Certification in the supply chain of products and services.
• Payment anonymity.
• Peer to peer financing services.
• NFT marketplace.
• A media (social network like) APP built in the blockchain.
• Certification of licensed food and beverage, alcohol, health and safety, medical protocols, fire and emergency protocol, sound certifications, capacity certification, disable infrastructure license, landmark and planning permissions, environmental certifications.
• No more mass data collected by corporations.
• Machine learning, which will help in automating data entry, maintenance management, and financial/cost analysis.
• Reduction of bureaucracy, which will negate any kind of miscommunication.

The way forward:

A lot of technicalities and details are needed to be amassed for executing a smooth event. There is a need for technology that can streamline all the processes in one go. And blockchain technology offers you that opportunity. By leveraging the robustness and uniqueness of the Binance Smart Chain network, Backstage has developed $BKS to offer smooth, invaluable, and reliable offerings to the entire event industry.

For More Information: https://bksbackstage.io/