The Champions League draw will take place this afternoon. Would it be possible to improve the tournament with the implementation of blockchain technology?
La UEFA Champions League is the most important football tournament of the yearThis is a competition that attracts attention from all over the world, as the best football teams from the old continent participate in it, generating great expectations among fans and sponsors.
However, last year the competition left some negative moments, such as the problem in the draw for the quarter-finals or the duplicate sale of a huge number of tickets for the final which caused serious incidents in the vicinity of the stadium.
Many of these problems could have been solved with the use of blockchain and crypto technology, so in this article we want to review how blockchain could improve the functioning of the tournament.
When is the Champions League draw? Could blockchain improve the process?
The UEFA Champions League 2022/23 draw will take place today, August 25th, at 18:00 p.m.This year, the competition will feature 32 teams, 26 of which will qualify directly and six others will enter through the playoffs.
As always, the draw will take place using four pots into which the participants are separated. In this regard, there are several rules, such as the fact that two teams from the same federation cannot be paired in the group stage.
On draw for the quarter-finals of last year's edition, A problem with the extraction of the balls contained in the teams forced the entire draw to be repeated, which led the media and society to question the validity of that draw.
This problem, which was due to human error, could have been avoided. If the draw had been carried out on the blockchainWith this technology, raffles would be much more transparent, since everything would be recorded and the information would be accessible to everyone.
Furthermore, once the draw has been carried out, the results would be immutable, which assures all participants that they cannot be manipulated.
In this sense, problems such as the duplicate sale of tickets that caused serious problems in the Champions League final last year, could also be avoided with the use of blockchain. In this sense, Tickets could be sold as NFTs on blockchain, so each of them would be certified and with certified ownership, so it would be impossible to duplicate them or sell more than what is officially stipulated.
Furthermore, Web3 technologies such as DAOs (Decentralized Autonomous Organizations) could be used for UEFA governance. In this way, a UEFA token could be created and anyone who had it could participate in the organization and management of the organization.
Through this type of governance, it would be possible to avoid common problems of centralization, such as corruption of the leaders, something that has already happened in the past at UEFA and has caused credibility problems for the organisation.
Spanish teams in the Champions League
This year, La Liga Santander has four representatives in the UEFA Champions League: Real Madrid, FC. Barcelona, Atletico Madrid and Sevilla.
Real Madrid has begun to adopt blockchain technology. Recently, it has signed an agreement with the company Fantastec, to create a series of NFT images with exclusive signatures from the players.
At the same time, Real Madrid and FC Barcelona have filed a patent application for the creation of a metaverse based on the two teams. On the other hand, the Catalan team has created a NFT collection based on the history of the club, whose first work commemorates the legendary goal by Johan Cruyff.
FC Barcelona, like Sevilla and Atlético de Madrid, have their own own fan tokens, developed by the company Socios.com, who has also purchased a part of FC Barcelona's audiovisual studios.
Atlético de Madrid will have the sponsorship on their WhaleFin t-shirts, the digital investment platform, while Sevilla is sponsored by Chiliz and has used its own fan token so that fans of the team can choose which NGO will display its logo on the team's shirt.
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