2 September 2022

Blockchain is the tool to ensure transparency to sponsorships in Sports Federations.” This is the position expressed by Giovanni Palazzi, CEO of ChainOn, in an interview about Blockchain technology and its benefits.

Within the interview, which can be accessed, in Italian, at this link, the potential of Blockchain as a tool for ensuring immodifiability and transparency in the pursuit of sponsorships by Sports Federations is outlined, also in relation to the news events of recent weeks.

Specifically, it’s highlighted how the cryptographic functions and immutability of the Blockchain can eliminate the problem of opacity that characterizes part of the sponsorship market.

Indeed, if applied to processes of Sports Federations, Blockchain would become the ideal solution to push Federal sports bodies into the future.