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UEFA SET TO CONSIDER NFT SYSTEM OF TICKETING FOR GAMES

In Paris last month, one of the biggest football finals games witnessed a horrible experience after fans at the Stade de France tendered fake tickets.

Gate-crashers and fake tickets were shown to the Securities at the stadium entrance by the fans on the night of the Final between Liverpool vs. Real Madrid, which resulted in the match being delayed by 35minutes; it just might have opened the door for NFT adoption by the footballing body. France has announced in the past that next year’s Rugby World Cup and 2024 Olympics in Paris may see NFTs used as a ticket for fans and lovers of the sport.

Before the football match game Day, tickets were massively duplicated, which happened on the 28th of May. The ticket counterfeits were the major reason for the hold-up witnessed on that electrifying night. Security’s inability to control the supporters of both teams, teargas had to be deployed by the police on the ground to disperse the noncompliant spectators. In a report submitted to the prime minister of France by the Government Olympic games representative Michel Cadot, among the recommendations made, non-fungible tokens (NFTs) were mentioned to be one of the few ways to avoid a recurrence of such.

Accurate and Proper deployment of this new ticketing system in advance of the next rugby event and Olympics

 “would give room for proper documentation and well-laid system which would also help the management authorities have a smooth operation on the day of the event, “Cadot was quoted as saying in the report.

Non-transferable tickets might begin to get distributed in the future through Blockchain technology. Fans who have made a purchase shall receive a message notification a few days before the main event date and will only be able to unlock it when they are within a certain perimeter around the stadium or facility to be used.
With non-fungible tokens (NFTs) being considered for this, it shows introducing these non-fungible tokens(NFT) will change the phase of things thereby, solve real-life problems faced in various sectors.

 

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