The farce surrounding David De Gea caused a stir in 2015, because the Spanish goalkeeper’s move to Real Madrid failed due to the submission of documents. If the clubs had relied on blockchain technology at the time, this problem would probably never have arisen. The professional clubs have to adhere to strict guidelines when signing new players. If the required documents are submitted too late, the entire deal fails. Blockchain technology is now increasingly finding its way into the everyday life of many companies. For this reason, more and more football clubs are striving to cooperate with blockchain companies.
We see the football business as a lucrative field of application for blockchain implementation. The buying and selling processes in particular offer scope for optimization. Negotiations about a transfer are often lengthy, as the transfer amounts, salaries and commissions have to be defined in advance.
For this reason, fast data transmissions are particularly important in the context of a transfer. Deadline Day, the last transfer day of the transfer window, is particularly time-critical, because in addition to simply submitting the completed documents, all data must also be sent correctly. Blockchain technology can simplify these processes and make them faster, more efficient and more cost-effective.
Blockchain also ensures a high degree of transparency. This means that the players’ transfer amounts are publicly documented and the distribution of the individual payments to those involved is shown.
