KCN: UEFA 2020: BLOCKCHAIN TICKETS

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UEFA 2020: BLOCKCHAIN TICKETS

Union of European Football Associations (UEFA) announced a partnership with AlphaWallet, a mobile wallet based on the Ethereum blockchain. UEFA plans to issue blockchain-based tickets. According to Cryptonomist portal: “AlphaWallet has worked with the exclusive agency working for FIFA to issue tickets using the non-fungible standard ERC875 and TokenScript. Twenty-eight customers who had never handled cryptocurrencies before, used virtual tokens to enter the stadium. Smart contracts can help solve ticket fraud cases by offering solutions to more effectively regulate the secondary market. They also helps to implement an automated exchange system that allows ticket holders to sell and transfer their tickets to other people safely and smoothly”. Stay on top of the latest developments from the world of blockchain with us. The news release partner STEX.com.

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