Football transfers could soon be conducted using blockchain, according to experts in the technology who are working with Premier League clubs. Omar Jackson, Director of Cryptech World, which has offices in London and Dubai said: “There are major gains to be made with regard to sponsorships and the way clubs interact with all their business partners. Blockchain offers a faster and more efficient method of completing deals, Omar Jackson, director of Cryptech World said, adding that the technology also promises greater transparency by documenting where all money spent on a deal ends up. The use of cryptocurrencies has been growing rapidly over recent years, but it is still unclear how they will affect football transfers.
Football transfers could soon be conducted using blockchain, according to experts in the technology who are working with Premier League clubs. Blockchain offers a faster and more efficient method of completing deals, Omar Jackson, director of Cryptech World said, adding that the technology also promises greater transparency by documenting where all money spent on a deal ends up. The use of cryptocurrencies has been growing rapidly over recent years, but it is still unclear how they will affect football transfers.