Test Your Knowledge
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1. How does blockchain technology improve sports ticketing?
A) By allowing for quicker ticket sales
B) By offering tamper-proof, verifiable tickets that prevent counterfeiting and scalping
C) By enabling fans to purchase tickets with cryptocurrency only
D) By reducing ticket prices for fans
2. What is the purpose of blockchain-based fan engagement platforms like Chiliz & Socios?
A) To allow fans to collect digital art NFTs
B) To enable fans to vote on team decisions through tokenized participation
C) To create sports betting platforms
D) To offer real-time game streaming
3. How is blockchain used in decentralized finance (DeFi)?
A) By offering decentralized insurance policies
B) By enabling peer-to-peer lending, borrowing, and trading without the need for traditional banks
C) By tracking food supply chains
D) By providing secure real estate transactions