- The French government's Olympics committee is willing to run the Paris 2024 Olympics with as few security risks as possible for fans. Because of this, the group might use blockchain technology in its ticketing system and give people personalized passes that can't be shared.
- Sebasa Mogale's lawyer said that there won't be any proof because Mogale never committed any Bitcoin fraud. However, the South African radio host will sue the people who accused him.
Blockchain will be used to make tickets for the 2024 Olympics
A recent article said that Michel Cadot, who is in charge of the Olympics for the French government, gave a report to the Prime Minister of France with some possible changes for the 2024 Olympics.
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One of the suggestions is about how tickets will be sold for the event. He thinks that fans will feel more safe with permits based on blockchain technology. His plan was that tickets shouldn't be able to be given to other people and should be sent out by the organization a few days before the Olympics.
Using blockchain technology, people will be able to get them by scanning a QR code that moves around. Everyone will check in and turn off their tickets when they get to the venue.
Cadot thinks that this personalization will help people in many ways because they will be able to get messages through digital channels about things like how to get to the venue from every neighborhood in Paris and how to stay safe during the Games. He also said that blockchain-based ticketing could work well at other big sports events in France.
"These plans are already in place for the Rugby World Cup in 2023, the Olympics and Paralympics in 2024, and big events like the French Open Tennis."
After the mess at the Champions League final between Real Madrid and Liverpool in Paris last month, there may be a change. Over 30 minutes were added to the game because so many British fans showed up without tickets or with fake ones.
Real Madrid was crowned soccer champion of Europe for the record-setting 14th time, but the British fans who tried to get into the game with fake passes were turned away.
Blockchain Application in Olympics
If France is successful, it won't be the first time that the Olympics and the cryptocurrency industry have been linked.
Last summer, the Indian exchange Bitbns gave crypto to Indian athletes who won medals at the Tokyo Olympics. In particular, each athlete who won a gold medal got around $2,700 in digital assets, each athlete who won a silver medal got $1,350, and each athlete who won a bronze medal got $675.
China, on the other hand, wanted to get more people to use its digital yuan during the 2022 Beijing Winter Olympics. Even though some US politicians were worried, it let athletes and foreign tourists use the financial product.
South African Radio Host Says He Will Sue His Accusers
Sebasa Mogale, the Thobela FM host who is accused of ripping off investors with his bitcoin investment scheme, has said he will sue people who filed fraud complaints against him with the police. Lesedi Mphahlele, who is the radio host's lawyer, says that Mogale "did not get any money from anyone."
Mogale, who also has a role on the South African TV show "Skeem Saam," made the threats after it was reported that a regional police spokesperson had confirmed that his department had received complaints from people who said they had been scammed by the presenter.
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One report says that Mogale has been charged with five counts of fraud, and that the investigations are still going on. The report said that when the investigation is done, the police will give the cases to a senior public prosecutor. The prosecutor will then decide what to do next.
No proof to back up the claims
When asked about the accusations against his client, Mphahlele said that the accusations were false and hurt Mogale's reputation. He also said, "I think it's because people don't know how the business works." Here's Bitcoin. All Sebasa was doing was marketing. Everyone is challenged to show proof of payment that shows money going into his personal or business accounts.’
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Even though he knew that cases of fraud had been opened against his client, Mphahlele insisted that no proof would be found because Mogale had never done anything wrong.
Mogale, on the other hand, says in his statement that he is a network marketer, but he denies forcing people to join. The radio host also said he has never said he knew a lot about cryptocurrencies or owned a business that dealt with them.
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Even though some of his alleged victims say they lost almost $50,000 all together, the radio host insists that those who joined his bitcoin investment scheme have full access to their accounts.
