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The Benefits of Blockchain on the Football Industry

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Football is known by the world community as a popular sport. This makes football sport a promising field of business in terms of revenue such as advertising, ticket matches to jersey sales.

What happens if Blockchain technology is applied to the sports industry that is football? What impact will be given from the use of Blockchain on Football? As is known Blockchain technology has been applied in many developed countries in the world to help their industries such as health, finance, property, marketing, and energy.

One of the English giants, Arsenal have made an agreement in early 2018 to support and encourage the advancement of CashBet Coin, a virtual currency company that will work with Arsenal, which virtual coins will be used for every bet in club cage games from London.

Based on reports released by the BBC, world-class players such as Lionel Messi are claimed by a company in their promotional post to participate in the implementation of Blockchain in the football industry.

How Does Blockchain Benefit To The World Of Soccer?
As a technology that is claimed to be the technology of the future in the world, Blockchain has decentralized traits. So Blockchain is not just centered on a single computer but can be stored on thousands of computers and devices around the world, making it harder to hack and better data security.

Blockchain’s support to the world of football also came from one of the football business experts, Michael Broughton.

“The use of Blockchain on football can have a positive impact on improving services and higher revenue revenue”.

Ticket Sales
The benefits of Blockchain are very visible by making it easier for the parties involved in the club to find out who bought the tickets, and the tickets are given to whom, verify who the people are in a match. All of which will be recorded and stored on Blockchain and the data can not be manipulated.

Gambling
In addition to useful ticketing problems, Blockchain can also be useful in the field of betting industry. As a result, the risk level of fake bets can be reduced. Due Blockchain provides real-time data such as the time of the wager and who is making the bet.

Medical treatment
Blockchain is also very good for maintaining relationships between clubs, players, and hospitals in handling player injuries because the player’s medical history can be stored on the Blockchain system so that subscribers to injuries suffered by a player in a club can be quickly treated like prescription drugs.

That’s some of the benefits of Blockchain on the world of football, do you agree with it?

If you have any other opinions about the positive impact that Blockchain has on the world of football, you can put that opinion in the comments field below!

Source : crypto-lines.com


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