Real-world use cases for blockchain technology are not easy to come by. The Football Association, together with AlphaWallet, aims to change that narrative.
Both institutions will experiment with blockchain technology to sell football tickets.
More specifically, tickets for next year’s European soccer championship.
It is believed that up to 20,000 VIP tickets for EURO 2020 will be tokenized on the Ethereum blockchain.
It is the second major partnership for AlphaWallet regarding soccer tickets.
Last year, it partnered with Shankai for the FIFA World Cup.
The tokenization of sports tickets is not a novel concept, but one that hasn’t gotten much attention in recent years.
It streamlines the way that service providers verify tickets.
Rather than relying on a centralized system, this option makes for a more straightforward approach.
Moreover, the blockchain can be used for specific discounts on extra services, without forcing users to register for services individually.
This is also a viable move to cut down on ticket scalpers.
A lot of people buy multiple tickets for more vents to resell them at a much higher price.
While that is not illegal, a secondary market for tickets introduces significant risk factors that need to be addressed.
For the time being, it remains to be seen how this venture will pan out.
Pi Coin Price Battles $0.78, Ondo Finance Market Cap Reclaims $3B, Unstaked Races Ahead as…
Cold Wallet’s $CWT Set for 4,900% ROI While Polkadot and Sui Fuel Altcoin Season Comeback…
Hedera Tests Key Resistance While Tron Climbs and Web3 ai Projects 1747% ROI as the…
PEPE Set for Breakout, MANTRA Burns 300M Tokens, But BlockDAG’s 90% Rollback Is the Real…
Once known just as a synthetic dollar provider in the DeFi world, Ethena Labs is…
In a striking display of momentum, $SUI's price has rocketed upward by 60% over the…
