How Blockchain Could Have Helped David De Gea Win the Champions League
In a parallel universe where Blockhain is king, David De Gea, having completed a move from Manchester United to Real Madrid in 2015, is now the proud winner of three Champions League titles.
In what has gone down in football folklore as a stunning example of breakdown in communication, not to mention competence, De Gea’s switch from Old Trafford to the Santiago Bernabéu famously fell through three years ago because the paperwork was not submitted in time for the transfer to be completed. Thanks to a faulty fax machine.
Instead of being part of Zinedine Zidane’s Real Madrid team that won three Champions League titles in three years, the first club to do that in the history of the competition, De Gea has since had to settle for performing heroics behind Chris Smalling and Phil Jones as part of Jose Mourinho’s inconsistent Old Trafford outfit.
But the collapse of deadline day deals in such circumstances should soon become a thing of the past, as football looks to embrace the benefits of blockchain technology.
Omar Jackson, Director of Cryptech World says the Dubai-based firm has been approached for their services in recent weeks directly and indirectly by more than ten football clubs, most of them from the Premier League, as well as the English Football League Championship, La Liga in Spain and Serie A from Italy.
“There are major gains to be made with regard to sponsorships and the way clubs interact with all their business partners,” says Jackson. “The buying and selling of players becomes faster, more efficient and more cost-effective if all the information needed to complete transfers is kept on a blockchain.
No longer will players’ future be dependent on antiquated technology, as De Gea’s was.
“This will be particularly important on deadline day to make sure last minute deals go through. It will also bring more transparency by recording payment of player and agent fees to show what percentages of transfer fees goes where.”
Transfer deadline day, whether in the summer or winter windows, has taken on cult status in recent years, with managers hounded by reporters in parking lots, players hiring helicopters and directors manically rushing about as the clocks tick down to ensure the proper paperwork is completed on, strangely it seems, by fax.
Things could be about to change in the coming seasons.
“From the 2020-2021 season we could start seeing a lot more blockchain involvement in football, leading to players being bought and sold through cryptocurrencies and even being paid in crypto.”
While discussions with clubs are at an early stage, Cryptech World says the foundations are being laid for revolutionary changes to the way top football clubs do business.
In addition to the changing how transfers are conducted, Jackson says blockchain will help football clubs eliminate the traditional problem of forged match day tickets, tackle the issue of touts snapping up blocks of tickets to sell at inflated prices and, perhaps most importantly, help bring down the cost of football and supporting football clubs to the man on the street.