The role of the blockchain against counterfeit banknotes
During Wednesday’s Senate speeches, Amélie Oudéa-Castéra, Minister of Sports and the Olympic and Paralympic Games, said promoted blockchain technology to combat the use of fake tickets in the eventuality.
The minister was in fact heard, as a result of overflow which took place on Saturday evening at the Stade de France, in the Champions League final, between Liverpool Football Club and Real Madrid.
In fact, a massive use of counterfeit banknotes 2,700 Liverpool club fans were reportedly denied entry to the stadium, despite having a valid ticket.
Amélie Oudéa-Castéra then returned to the details of this event, citing the causes of these overflows, what could have been better managed, as well as the solutions to be developed for the future. Among these solutions, you intend to establish a more systematic use of electronic ticketing protected by the blockchain :
If the notion of non-fungible tokens (NFTs) isn’t mentioned, that’s what it is nonetheless. In fact, by tying his identity to a secure ticket in the form of an NFT, for a sporting event or concert, the risk of fraud would therefore be eliminated.
👉 To go further – Find our guide on what blockchain is
Ed Sheeran as a pioneer
This futuristic vision, where counterfeit banknotes would no longer exist, thanks to the use of the blockchain, is instead well and truly topical. As the minister explains, Ed Sheeran’s upcoming concerts at the Stade de France on 29 and 30 July will see the use of this technology :
If this speech by Amélie Oudéa-Castéra suggests that this novelty was implemented following recent incidents, this is not the case. This results in fact from a choice of the artist’s management teamwhen the tickets went on sale last September.
However, it certainly is the most suitable technical solution to combat the black market and the risk of fraud.
Still here, there is no mention of NFTbut the general conditions of sale express the subject in these terms:
“On the occasion of the Ed Sheeran concert to be held at the Stade de France in July 2022, the organizer has decided to use blockchain technology exclusively for issuing tickets in order to secure the ticket office. “
It is also specified that a few days before the event, spectators will receive a link, which will allow them to download an application on their smartphone. This will generate a nominative ticket, secure on the blockchainall accompanied by an identity check at the entrance to the stadium.
It is sometimes easy for some leaders to criticize cryptocurrencies and their underlying technology. Yet we see here at concrete use case of the blockchain, thus allowing to solve a very real problem.
Gradually, we are entering an era where our ecosystem it merges with our daily lifewithout you noticing.
👉 Also in the news – Kanye West files NFT and metaverse related trademarks
Sources: Senate, Stade de France Notes: 1 and 2
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