EventChain is a decentralized network that aimed at improving the ticketing industry, providing the additional benefits of using a blockchain as the a transaction and incentive layer. The EventChain system encourages everyone in the ecosystem, including all stake holders such as event managers of sport and concert events, party organizers, social clubs and ticket purchasers to sell or buy SmartTickets using EVC Tokens and other traditional payment methods. EVC is an ERC20 token based on the Ethereum blockchain.