Blockchain is a technology that is still evolving and could play a big role in people’s lives. A lot of things can be done with this technology, but today we’re going to talk about how this technology can increase sports fandom for Manchester United in the future. The two topics don’t seem very connected, right? But they’re not, and we’re going to tell you how this technology could boost future sports fandom. So if you’re ready, let’s get started.
Betting Sites
The emergence of blockchain technology has led to new advancements and changes in the betting industry. For instance, the decentralized blockchain-based bookmaker CryptoBet offers its investors guaranteed income from their transactions (bets) in a welcoming and convenient setting that caters to the interests of its target audience in the economic and sports sectors. However, betting crypto can be challenging sometimes, so you should do your research first.
Ticket Sales and Tracking
Thanks to this technology, big and well-known teams such as Manchester United can control ticket sales and tracking processes and provide great convenience. Ticket sales are encrypted using blockchain technology, and security is increased. In this way, fake tickets are prevented because each ticket will be unique. Thanks to this security, spectators feel better, and sports clubs prevent frauds such as fake ticket sales.
Identity Verification
Tracking people at match times is very difficult, and authentication is absolutely necessary. With blockchain technology, fans’ identities are encrypted and stored in the blockchain. Good storage helps protect the confidentiality of fans’ information. This means that the process of checking IDs can be done very quickly, and there is no chaos at events. This increases engagement because it is more secure and faster than the traditional way of checking IDs.
Loyalty Programs and Rewards
A team like Manchester United has the opportunity to offer loyalty programs specifically for its fans through blockchain technology. This works like this: fans join these programs on the blockchain and buy the team’s merchandise. They can also attend matches and receive rewards afterwards. These rewards can be securely transmitted to the fans thanks to blockchain technology. In this way, fans can feel closer to the team. In fact, this is the purpose of loyalty programs. To reward loyal fans. In this way, while the fans earn rewards, there is an increase in the club’s income.
Fan Tokens
Also, thanks to blockchain, Manchester United can create tokens called fan tokens. This means that fan tokens are cryptocurrencies related to sports clubs. Fans can buy these tokens if they want to, or earn them as prizes at matches and special events. But what are these tokens for? Using these tokens, fans can access exclusive content and participate in match analysis and surveys. This allows fans to interact more with the team. It’s important to note that the price of these tokens may increase in the future. This means that they can also be used as an investment tool. With this kind of digital experience, Manchester United can grow its fan base.
Public Offering Stock Exchange Transactions
When sports clubs offer their shares to the public, the clubs receive funding from those companies. Investors who want to buy shares will benefit from insights and incentives provided by blockchain monitoring and in-depth analysis of the shares exchanged in the public sale of goods and services by businesses operating in the sports sector.
Verifiability of Match Results
The trustworthiness of game results is one of the biggest issues with sports betting. Usually declared by centralized authorities, match results can occasionally be viewed with mistrust. However, a system built on blockchain verifiability enables bettors to have faith in the match outcomes, and wagers are instantly paid out after they are settled.
Sports organizers and betting platforms can build a transparent and safe betting environment by uploading and validating match outcomes on the blockchain through reliable sources.
Authorization with Smart Contracts
At some events, sports groups can handle authorization procedures like VIP passes or access to special sections. Such permission procedures can be facilitated by blockchain-based smart contracts.
Through smart contracts on the blockchain, fans can get access to particular events or locations. If organizers carry out these authorizations automatically and securely, fans can benefit the most from events.
