By utilizing the blockchain technology, the JCT project provides a secondary market for ticket reservation for special events and experiential events. This provides an avenue for resale. By doing so, the ticket purchasers would be able to make reservations with minimized considerations for the future uncertainty, and putting the secondary market in place would also allow the possibility of last-minute bookings.
JCT token is based on the ERC-20 Ethereum token standard which is currently listed on global cryptocurrency exchanges such as BITMART, CYBEX, and Fcoin. The ticket issuance and secondary distribution service platform, which is the core of the JCT project, is called ‘JaCKET (pronounce as jacket). On the jacket platform, users could buy and sell tickets to experience various cultural events in Japan. At the moment, the JCT token is used as an incentive and to pay for transaction fees in the whole distribution process.