Sports and Blockchain: a combination that prevents fraud and promotes athletes' career

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By Moris Beracha  / El ciudadano

At present, several accounting technology businesses are working with the world's big sports emporiums, in order to optimize the sale of tickets and thus prevent fraud.
In this regard, the Union of European Football Associations (UEFA) announced the successful trial of a blockchain-based ticket distribution system.
According to the highest football authority in the old continent, the system was trialed at the European League final, between Spanish teams Real Madrid and Atlético de Madrid held in Tallinn, Estonia.
They stated that a blockchain-based Android and iOS app was used to successfully provide and distribute tickets to fans attending the game.
UEFA’s statement posted on its website also explains the system aims to provide a secure framework for ticket distribution, thus preventing the replication and duplication of tickets, by fraudsters that harm the main sport.
UEFA says it will continue to develop the technology and its use of a blockchain-based ticket distribution system for future events, without specifying the mining validation process structure in the distributed network mentioned.
Moreover, in the United States, it was recently known that the Major League Baseball (MLB) signed a licensing deal with the blockchain gaming company Lucid Sight to launch a game based on baseball collectibles tied to ethereum blockchain, and will be exchanged and traded with other users.
Also companies like GlobaTalent, created by Spaniard Sunil Bhardwaj, help young athletes who need support to develop their sport careers through cryptocurrencies.
"Globatalent is the blockchain decentralization platform built to help clubs and athletes to get financial support by selling their future revenue rights to fans around the world," says its founder.
Definitely Blockchain technology is here to stay and that is why the sports industry has focused on digital money and all those tools helping its development and especially guaranteeing a higher profit margin.


This article was originally published in Spanish in: https://www.elciudadano.cl/deportes-y-blockchain/

See more at: Morisberacha.com

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