These instruments represent digital passes or authorizations necessary for entry or participation in events, attractions, or services accessed through mobile applications or physical point-of-sale systems. For example, a user might purchase access to a concert using a smartphone application, receiving a scannable code that functions as their entry document at the venue.
The advantages of this system include enhanced convenience for users, streamlined operations for vendors, and reduced risk of fraudulent duplication. Historically, physical tickets were prone to loss, theft, and counterfeiting, leading to increased costs for event organizers. The advent of these digital equivalents has provided a more secure and efficient method of managing access and facilitating transactions.
