Bitcoin Forum
March 07, 2021, 09:13:59 AM *
News: Latest Bitcoin Core release: 0.21.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: Blockchain And Sport Industry: Are They An Effective Team?  (Read 215 times)
deisik
Legendary
*
Online Online

Activity: 2576
Merit: 1240


English ⬄ Russian Translation Services


View Profile WWW
November 13, 2020, 05:10:20 PM
Merited by Ratimov (2), Hydrogen (1)
 #1

Can blockchain team up with the sport industry to make sports better overall? Here's my take on this. As always, don't forget to share your thoughts, ideas, and criticisms in the comments below. Originally published on stealthex.io


In Brief

The blockchain tech can be instrumental in many problematic areas of the sport industry. For example, one of such areas is ticketing, more specifically ticket scalping and counterfeit tickets. And this is exactly where it has already proved quite useful as the real-life use cases demonstrate. Another interesting area of application is fan tokens, which are to make fans and clubs closer to each other


In Full

In one of our previous articles on a mutually beneficial relationship between blockchain and the gaming space, we came up with the number of gamers in the world reaching a whopping 2.5 billion people. But even this number pales in comparison with the popularity of just one sport – association football, commonly referred to as soccer.

Its fanbase is estimated to be around 4 billion people, which is, for a moment, more than half of the Earth’s current population. In this manner, the entire world can be considered a target audience for the sport industry, barring infants and a negligible number of haters. So how can blockchain team up with this industry to make sports more entertaining and exciting?

Building a better experience with blockchain

To get us started, let’s briefly recall what the sport industry essentially is and what it strives to achieve. Fundamentally, it belongs to an entertainment sector of the economy, and as such, it pursues the aim of entertaining the public and, hopefully, the participants as well in one way or another through competitions, tournaments, sporting events, and related activities like fan conventions and gatherings. It may take different forms, which came to be known as, well, sports, professional and amateur, that are appealing to different types of fans and, more broadly, viewers and spectators.

In this fashion, it all eventually comes down to “user experience”, and if blockchain can make this experience better overall and more rewarding to interested parties, be it fans, athletes, teams, or clubs, we can then rightfully consider its job well done. With that established, we can now look for the areas of the sporting world where blockchain can produce a difference, and still better a real change. But even without delving into specifics and particulars, we can say beforehand that blockchain will most certainly turn out useful in the industry’s most problematic areas.

Not convinced? Perhaps an example or two will help. Sporting event ticketing has always been a huge pain in the neck for the entire industry. In fact, the problem is, in the very least, twofold. The first primary source of pain for an inveterate sports fan is counterfeit tickets. Before blockchain, the best advice out there was to only purchase tickets from a reputable source. As advances in technology enabled the superior quality of fake tickets, an average consumer is no longer able to check the authenticity of tickets and verify whether a ticket is legitimate or counterfeit.

The second source of intense suffering lies in authentic tickets resale, colloquially known as ticket scalping. If you are not someone with necessary connections or part of the inner circle of a famous athlete or club, if you are just a regular fan like the guy next door, you are unlikely to buy an admission ticket to a major sporting event at its face value. To add insult to injury, the event is quickly announced "sold out" once the tickets are no longer available through the official box office, which allows the avid and unscrupulous resellers to inflate prices in hopes to make a killing and rake in some serious profits.
 
And what do you think? Blockchain effectively deals with both of these issues and offers immediate benefits in this department. If event organizers are using a blockchain platform for ticketing and there are only so many tickets to be sold on it, no room is left for counterfeit tickets as you can’t counterfeit the entire blockchain. Well, technically, you can, but in that case looking for counterfeiting tickets will be your least concern as it might turn prohibitively expensive and counterproductive.

If you put a little more effort into it, you can easily leverage the blockchain tech for fighting off ticket scalping as well. The solution that the blockchain ticketing startup from Amsterdam called GUTS uses to address this activity is simple and straightforward. Every ticket is now associated with the buyer’s mobile phone, and if an event organizer prohibits reselling, tickets can’t be resold, as simple as it gets. On the other hand, if it is allowed, you can only resell tickets at the original selling price, which again leaves no room for scalping.

As you can see, blockchain can markedly alleviate the life of a simple sports lover and thus add to his positive experiences, making the sport industry as a whole a little better overall. Now UEFA is going to sell its tickets via a blockchain-enabled mobile application – after the coronavirus pandemic has been dealt with. Until then, we will explore other important areas where blockchain and the sport industry can make an effective team.

How to make an effective team

We started this exposition by mentioning that there are 4 billion fans of association football. This is a huge fanbase by any metric, and it comes as no surprise that it gave rise to blockchain-based platforms trying to harness the distributed ledger technology and tap into this immense market. Online sports-oriented platforms like Chiliz.net and Socios.com are looking to change the ways fans and clubs interact enabling more intense connection between the fans and their favorite teams. So how is it possible? Enter fan tokens.

As it turns out, the fanbase of the biggest soccer clubs in the world, say, Spanish Barcelona and Atletico or Italian Roma and Juventus, is scattered around the world, and most fans have never visited in person even a single match of their beloved teams. Fan tokens are a way to meaningfully engage this global fanbase. Having a fan token is supposed to give its holders certain voting rights in club-specific polls and thus produce a feeling of belonging, apart from directly supporting the club financially by buying these tokens.

Technically, fan tokens are regular ERC-20 tokens on an Ethereum Proof-of-Authority sidechain. The platform also designed its own Chiliz token operating on this blockchain, with which it is possible to trade fan tokens of different clubs indirectly against each other at a market price based on demand and supply. In other words, Chiliz and its clients are trying to leverage the blockchain to monetize the fanbase in exchange for fan-centric activities that possession of each fan token allows.

Another avenue of monetizing the global fanbase via blockchain involves officially licensed digital cards of players. The fantasy football platform Sorare, created in early 2019, by now have entered agreements with over 100 clubs including Paris Saint-Germain, a top-tier team from France, to produce virtual cards for players. Every card is a digital collectible – most certainly an NFT under the hood. Fans can collect, trade, and use them for different gaming activities, and they can even hold fantasy football tournaments. So CryptoKittish.

On the other side of the pond, a couple of NBA teams decided not to fiddle with the blockchain tech but instead embrace cryptocurrencies as a whole by allowing their fans to pay for tickets and other stuff with Bitcoin. In fact, one of these teams, the Sacramento Kings, have been doing this since 2014, while the other team, the Dallas Mavericks, started to accept the cryptocurrency in 2019. Litecoin is also welcome in America – a year ago it was named the official cryptocurrency of the Miami Dolphins, an NFL team from Florida.

We're an effective team!

It is somewhat ironic how the coronavirus pandemic forced lots of sport clubs across the world to seek out new ways of interacting with their fanbase. Blockchain turned up quite handy in times like these and enabled diminishing the social distancing brought about by forces mostly out of our control. Is this the beginning of a mutually beneficial partnership?

As they say, there is no cloud without a silver lining, and it looks like blockchain and the sport industry can make a superb team once there is a will coupled with a necessity, the mother of invention. And let’s hope that this team will make happy its supporters from both camps – the blockchain community and the sporting world, and not just for the time being.

1615108439
Hero Member
*
Offline Offline

Posts: 1615108439

View Profile Personal Message (Offline)

Ignore
1615108439
Reply with quote  #2

1615108439
Report to moderator
1615108439
Hero Member
*
Offline Offline

Posts: 1615108439

View Profile Personal Message (Offline)

Ignore
1615108439
Reply with quote  #2

1615108439
Report to moderator
1615108439
Hero Member
*
Offline Offline

Posts: 1615108439

View Profile Personal Message (Offline)

Ignore
1615108439
Reply with quote  #2

1615108439
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1615108439
Hero Member
*
Offline Offline

Posts: 1615108439

View Profile Personal Message (Offline)

Ignore
1615108439
Reply with quote  #2

1615108439
Report to moderator
1615108439
Hero Member
*
Offline Offline

Posts: 1615108439

View Profile Personal Message (Offline)

Ignore
1615108439
Reply with quote  #2

1615108439
Report to moderator
1615108439
Hero Member
*
Offline Offline

Posts: 1615108439

View Profile Personal Message (Offline)

Ignore
1615108439
Reply with quote  #2

1615108439
Report to moderator
wack slacker
Full Member
***
Offline Offline

Activity: 784
Merit: 102



View Profile
November 14, 2020, 03:29:56 PM
 #2

Of course a fruitful combination we had the Chiliz project is the world's leading blockchain fintech provider for sports and entertainment. The adoption of blockchain in this industry will create transparency and promote tool-based monetization to monetize and increase engagement. Maybe in the future, we will have a few new projects. In Chiliz's case the most important partnership role, it might take them a lot of time and money to convince the clubs to choose them as partners.

deisik
Legendary
*
Online Online

Activity: 2576
Merit: 1240


English ⬄ Russian Translation Services


View Profile WWW
November 14, 2020, 03:53:26 PM
 #3

Of course a fruitful combination we had the Chiliz project is the world's leading blockchain fintech provider for sports and entertainment. The adoption of blockchain in this industry will create transparency and promote tool-based monetization to monetize and increase engagement. Maybe in the future, we will have a few new projects. In Chiliz's case the most important partnership role, it might take them a lot of time and money to convince the clubs to choose them as partners

They already have a few high-profile clients

If we are talking about soccer specifically, their customer list now includes such grand names as Barcelona, Juventus, Atletico, Paris Saint-Germain, among others. And as I'm inclined to think, in these dark times many more clubs are going to utilize this novel model of interaction with their fans. I can't really say that I'm a big soccer fan myself, but if I were I would be interested in this thing. In case of Barcelona, for example, 600k fan tokens were sold out in less than two minutes during the so-called Fan Token Offering in June 2020. The takeaway is that they shouldn't have a shortage of clubs lining up

hugeblack
Legendary
*
Offline Offline

Activity: 1344
Merit: 1663


Signature Designer 40$ --->shorturl.at/wLNOY


View Profile
November 15, 2020, 12:13:48 PM
 #4

It can be guaranteed that scam in selling tickets will not occur in many ways, which will make it practically difficult for those who want fraud to continue with it. Blockchain is one of these methods, but it is not the best one.

In fact, the use of blockchain wastes a lot of energy, which will not be of value in regular projects, so the important aspect that the blockchain can contribute to is the financial and economic aspects.

Nor is it necessary to solve problems using blockchain?





.
.




░██████████████████░
████████████████████
█████████▀░░░███████
█████████░░▄████████
███████▀▀░░▀▀███████
███████▄▄░░▄▄███████
█████████░░█████████

█████████░░█████████

█████████▄▄█████████

████████████████████

░██████████████████░
░██████████████████░
████████████████████
████████████▀▀▀█▀███
███░▀█████▀░░░░░▀███
███▌░░░▀▀▀░░░░░░████
████▄░░░░░░░░░░░████
█████▀░░░░░░░░░█████

██████▄░░░░░▄▄██████

█████▄▄▄▄███████████

████████████████████

░██████████████████░
░██████████████████░
████████████████████
████████████████████
███████████▀▀░░▐████
███████▀▀░░░░░█████
████▀░░░▄█▀░░░▐█████
█████▄▄█▀░░░░░██████

███████▌▄▄▄▐██████

████████████████████

████████████████████

░██████████████████░
deisik
Legendary
*
Online Online

Activity: 2576
Merit: 1240


English ⬄ Russian Translation Services


View Profile WWW
November 15, 2020, 12:30:23 PM
Last edit: November 15, 2020, 05:02:33 PM by deisik
 #5

It can be guaranteed that scam in selling tickets will not occur in many ways, which will make it practically difficult for those who want fraud to continue with it. Blockchain is one of these methods, but it is not the best one

In fact, we already have a few use cases of blockchain application in this filed (I posted links in the article). For example, UEFA was going to distribute tickets to EURO 2020 via a blockchain-based mobile app:

Quote
In terms of ticket demand, UEFA EURO 2020 is the biggest EURO ever and will bring football closer to the fans than ever before. To enhance the fan experience, tickets will be distributed to fans via a ground-breaking new blockchain-based mobile ticketing system, which will make entry into the stadium smooth, safe and secure

Indeed, the coronavirus pandemic postponed this effort, probably even canceled it, but we can't say that it has failed due to its own faults and limitations. Anyway, when things eventually get back to normal, we will see

tomahawk9
Hero Member
*****
Offline Offline

Activity: 1456
Merit: 757


Cats on Mars


View Profile
November 15, 2020, 01:48:03 PM
Merited by deisik (1)
 #6

In fact, we already have a few use cases of blockchain application in this filed (I posted links in the article). For example, UEFA was going to distribute tickets to EURO 2020 via a blockchain-based mobile app
Actually, it's not the first time they're doing this.

A couple of years ago, they launched an app (probably an older version to the one they'll use soon) to sell tickets [1] in specific matches. But that was more to test the waters with the blockhain technology. I think after the next EURO, this type of system will become the norm in football, it's about time they start moving away from the regular ticketing systems.


1. https://cointelegraph.com/news/union-of-european-football-associations-implements-blockchain-based-ticketing-system

.
.Duelbits.
            ▄████▄▄
          ▄█████████▄
        ▄█████████████▄
     ▄██████████████████▄
   ▄████▄▄▄█████████▄▄▄███▄
 ▄████▐▀▄▄▀▌████▐▀▄▄▀▌██

 ██████▀▀▀▀███████▀▀▀▀█████

▐████████████■▄▄▄■██████████▀
▐██████████████████████████▀
██████████████████████████▀
▀███████████████████████▀
  ▀███████████████████▀
    ▀███████████████▀
▄▀▄
█   █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█▀▀▀▀▀█
▀█▀█▀
█▄█
█▄█
▄▀▄
█   █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█▀▀▀▀▀█
▀█▀█▀
█▄█
█▄█
.
        ▄ ▄▄▀▀▀▀▄▄
        ▄▀▀▄      █
        █   ▀▄     █
      ▄█▄     ▀▄   █
     ▄▀ ▀▄      ▀█▀
   ▄▀     ▀█▄▄▄▀▀ ▀
 ▄▀  ▄▀  ▄▀
▀▄    ▄▀▀
Live Games

   ▄▄▀▀▀▀▀▀▀▄▄
 ▄▀ ▄▄▀▀▀▀▀▄▄ ▀▄
▄▀ █ ▄  █  ▄ █ ▀▄
█ █   ▀   ▀   █ █  ▄▄▄
█ ▀▀▀▀▀▀▀▀▀▀▀▀▀ █ █   █
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█  █▄█
█ ▀▀█  ▀▀█  ▀▀█ █  █▄█
█  █    █    █  █  █ █
Slots
.
        ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄
        █         ▄▄  █
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄       █
█  ▄▄         █       █
█             █       █
█   ▄▀▀▄▀▀▄   █       █
█   ▀▄   ▄▀   █       █
█     ▀▄▀     █   ▀▀  █
Blackjack
.
▄▄▀█████▀▄▄
▄▀▀   █████ ▄▄▀▀▄
███▄  ▄█████▄▀▀▄███
██████▀▀     ▀▀██████
█ ▀▀██▀ ▀▄   ▄▀ ▀██▀▀ █
█    █    ███    █    █
█ ▄▄██▄ ▄▀   ▀▄ ▄██▄▄ █
██████▄▄     ▄▄██████
Roulette
.
█▀▀▀▄             ▄▀▀▀█
█ ▀▄ ▀▄         ▄▀ ▄▀ █
▀▄ ▀▄ ▀▄     ▄▀ ▄▀ ▄▀
▀▄ ▀▄ ▀▄  ▀ ▄▀ ▄▀
▀▄ ▀▄ ▀▄ ▀ ▄▀
▄ ▀▄ ▀▄ ▀▄  ▄
█ ▀▄ ▀▄ ▀  ▄▀ █
▄▀▄ ▀▄ ▀ ▄▀ ▄▀▄
Dice Duels
Harriti
Sr. Member
****
Offline Offline

Activity: 756
Merit: 256


HEX: Longer pays better


View Profile
November 15, 2020, 02:24:36 PM
 #7

Of course a fruitful combination we had the Chiliz project is the world's leading blockchain fintech provider for sports and entertainment. The adoption of blockchain in this industry will create transparency and promote tool-based monetization to monetize and increase engagement. Maybe in the future, we will have a few new projects. In Chiliz's case the most important partnership role, it might take them a lot of time and money to convince the clubs to choose them as partners.
Actually, businesses like Chiliz will have great potential in the future if the crypto market is recognized worldwide.  At that time, Staking Chiliz token was also an indirect way to invest in big football teams and earn passive profits. Projects investing mainly in Sport are not a trend now, it takes many more years to demand greater investment, so it wont be an effective team now .


        ████████████████████
       ██████████████████████
      ████████████████████████
     ██████████████████████████
    ████████████████████████████
   ████               ▀██████████
  ████  ██████████████  ██████████
████  ████████████████  ██████████▄
████  ██████████████████  █████████▀
██  ████████████████████  ███████
    ███          █████████  █████
   ███  ███████   ███████  █████
       █████████   █████  █████
      ███████████   ███  █████
       █████████   ███  █████
        ███████   ███  █████



















Powered by,
fiulpro
Hero Member
*****
Offline Offline

Activity: 1232
Merit: 588


Duelbits*-


View Profile
November 15, 2020, 05:24:58 PM
 #8

Hello
I did try to read as much as I can but I believe that's a real good work on analyzing how it can be used. Now I would like to express my opinion.
I believe blockchain and cryptocurrencies can be used anywhere in the world , taken the usage and effectiveness is taken into consideration.
When we talk about sports industry , it have a lot of scope for sure. Even right now many governmental bodies have allowed the sport gaming Industry involved in gambling to go online , this is giving them revenues at the same time it's good for the people too since they can avoid crowded spaces altogether.
- Transparency is a factor but at the same time if would actually deprive the people involved of privacy.
- people can involve themselves by investing in their teams and players through cryptocurrencies, this way one can also have international investors
-partnership and tokenization is already taking place in the industry
- it's not just betting and gambling but we are discovering new things every day.

.
.Duelbits.
            ▄████▄▄
          ▄█████████▄
        ▄█████████████▄
     ▄██████████████████▄
   ▄████▄▄▄█████████▄▄▄███▄
 ▄████▐▀▄▄▀▌████▐▀▄▄▀▌██

 ██████▀▀▀▀███████▀▀▀▀█████

▐████████████■▄▄▄■██████████▀
▐██████████████████████████▀
██████████████████████████▀
▀███████████████████████▀
  ▀███████████████████▀
    ▀███████████████▀
▄▀▄
█   █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█▀▀▀▀▀█
▀█▀█▀
█▄█
█▄█
▄▀▄
█   █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█▀▀▀▀▀█
▀█▀█▀
█▄█
█▄█
.
         ▄ ▄▄▀▀▀▀▄▄
         ▄▀▀▄      █
         █   ▀▄     █
       ▄█▄     ▀▄   █
      ▄▀ ▀▄      ▀█▀
    ▄▀     ▀█▄▄▄▀▀ ▀
  ▄▀  ▄▀  ▄▀
 ▀▄    ▄▀▀
Live Games

   ▄▄▀▀▀▀▀▀▀▄▄
 ▄▀ ▄▄▀▀▀▀▀▄▄ ▀▄
▄▀ █ ▄  █  ▄ █ ▀▄
█ █   ▀   ▀   █ █  ▄▄▄
█ ▀▀▀▀▀▀▀▀▀▀▀▀▀ █ █   █
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█  █▄█
█ ▀▀█  ▀▀█  ▀▀█ █  █▄█
█  █    █    █  █  █ █
Slots
.
        ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄
        █         ▄▄  █
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄       █
█  ▄▄         █       █
█             █       █
█   ▄▀▀▄▀▀▄   █       █
█   ▀▄   ▄▀   █       █
█     ▀▄▀     █   ▀▀  █
Blackjack
.
▄▄▀█████▀▄▄
▄▀▀   █████ ▄▄▀▀▄
███▄  ▄█████▄▀▀▄███
██████▀▀     ▀▀██████
█ ▀▀██▀ ▀▄   ▄▀ ▀██▀▀ █
█    █    ███    █    █
█ ▄▄██▄ ▄▀   ▀▄ ▄██▄▄ █
██████▄▄     ▄▄██████
Roulette
.
█▀▀▀▄             ▄▀▀▀█
█ ▀▄ ▀▄         ▄▀ ▄▀ █
▀▄ ▀▄ ▀▄     ▄▀ ▄▀ ▄▀
▀▄ ▀▄ ▀▄  ▀ ▄▀ ▄▀
▀▄ ▀▄ ▀▄ ▀ ▄▀
▄ ▀▄ ▀▄ ▀▄  ▄
█ ▀▄ ▀▄ ▀  ▄▀ █
▄▀▄ ▀▄ ▀ ▄▀ ▄▀▄
Dice Duels
Hydrogen
Hero Member
*****
Offline Offline

Activity: 1722
Merit: 886



View Profile
November 16, 2020, 08:14:58 PM
 #9

Another potential niche market: blockchain validated autographed sports memorabilia and collectibles. Another layer of validation to help reduce forgeries and elevate the value of authentics.

One controversial area I wouldn't mind blockchain tackling is fantasy sports. Technically its a game of skill, rather than gambling. It should be legal as other games of skill are. However many states and bureaucracies have taken it upon themselves to illegalize fantasy sports, in spite of this. A blockchain based fantasy sports platform similar to thepiratebay would be cool. Although perhaps no longer feasible in this day and age. There is also a good market cap in fantasy sports judging from the example of fanduel, draftkings and other existing platforms which afaik do multi million dollar volume transactions on a daily basis.


On the other side of the pond, a couple of NBA teams decided not to fiddle with the blockchain tech but instead embrace cryptocurrencies as a whole by allowing their fans to pay for tickets and other stuff with Bitcoin. In fact, one of these teams, the Sacramento Kings, have been doing this since 2014, while the other team, the Dallas Mavericks, started to accept the cryptocurrency in 2019. Litecoin is also welcome in America – a year ago it was named the official cryptocurrency of the Miami Dolphins, an NFL team from Florida.


Good to hear. I did not know that.   Smiley

Mixed martial arts has a few bitcoin and crypto representatives. I think Rory MacDonald was sponsored by dash coin for awhile who could have paid him as much as $200,000 in sponsorship per fight. Firas Zahabi of tristar MMA gym and Ben Askren are also pro crypto.

Harlot
Hero Member
*****
Offline Offline

Activity: 1722
Merit: 666


View Profile
November 16, 2020, 09:19:17 PM
 #10

Blockchain technology in itself is big so for your ideas it may work but maybe it may not. Like when you said the idea about "fan tokens" I think that this might not be an effective way or something useful for the fans to use for their football clubs what I mean they already have ways to join polls in social media and also have a solid fun club to go with it, issuing something like this token might make them feel that this is some kind of gimmick for them. But for the use of blockchain with regards to improving their system like what you said with the ticketing issue and how to avoid scalpers I think this is one of the most effective ways of applying blockchain technology.
Ucy
Sr. Member
****
Offline Offline

Activity: 1512
Merit: 335



View Profile
November 17, 2020, 10:20:39 AM
 #11

Interesting.
I would suggest that they (or any similar companies) make sure that fans/users are able to easily run full nodes and really own their coins/tokens/NFTS.
I wonder if the fan vote/poll will affect clubs if they are of good qualities. I would also suggest a real consensus mechanism that score fans based on the quality of their votes(votes with comments attached). Fans with consistently quality votes will have votes that can change the way the clubs/teams they support are run.



BIG WINNER!
[15.00000000 BTC]


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████
▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░▄███
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████
██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░
▀██░▄▄▄▄░████▄▄██▄░░░░
▄████████████▀▀▀▀▀▀▀██▄
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄
▀██░████████░███████░█▀
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████
▀████████████████████▀




Rainbot
Daily Quests
Faucet
deisik
Legendary
*
Online Online

Activity: 2576
Merit: 1240


English ⬄ Russian Translation Services


View Profile WWW
November 17, 2020, 11:11:30 AM
 #12

Mixed martial arts has a few bitcoin and crypto representatives. I think Rory MacDonald was sponsored by dash coin for awhile who could have paid him as much as $200,000 in sponsorship per fight. Firas Zahabi of tristar MMA gym and Ben Askren are also pro crypto

We could also recall Dogecoin

And the efforts of its early community to raise funds for various athletes and teams. In 2014 the community started a fundraiser to sponsor the Jamaican bobsled team that lacked the means to go to the Winter 2014 Olympics. Then it successfully raised funds for Josh Wise, a NASCAR driver. This made some noise in the crypto circles (I remember the discussions here on BCT)

FlightyPouch
Sr. Member
****
Offline Offline

Activity: 1610
Merit: 300


View Profile
November 17, 2020, 11:39:19 AM
 #13

Esports is a great team with the Blockchain. I am not saying that it can't be applied to sports but I am seeing great potential for its application in the world of esports and online games. People can't just deny how this is growing so much and its fanbase is hugely growing time after time. I think it would work with great game developers getting onboard.
jostorres
Hero Member
*****
Offline Offline

Activity: 1498
Merit: 556



View Profile
November 18, 2020, 04:46:44 PM
 #14

Whether Blockchain or not, the sport industry will be doing fine and fans are already having good connection with their favorite sports club. But the club token you have mentioned seems to be a really good idea, wouldn’t be a bad idea if sports clubs will be able to reward their fans for their loyalty. They can set up a store online and close fans who make use of their website will earn tokens that they can redeem for prizes on the store.

.
.Duelbits.
            ▄████▄▄
          ▄█████████▄
        ▄█████████████▄
     ▄██████████████████▄
   ▄████▄▄▄█████████▄▄▄███▄
 ▄████▐▀▄▄▀▌████▐▀▄▄▀▌██

 ██████▀▀▀▀███████▀▀▀▀█████

▐████████████■▄▄▄■██████████▀
▐██████████████████████████▀
██████████████████████████▀
▀███████████████████████▀
  ▀███████████████████▀
    ▀███████████████▀
▄▀▄
█   █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█▀▀▀▀▀█
▀█▀█▀
█▄█
█▄█
▄▀▄
█   █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█▀▀▀▀▀█
▀█▀█▀
█▄█
█▄█
.
         ▄ ▄▄▀▀▀▀▄▄
         ▄▀▀▄      █
         █   ▀▄     █
       ▄█▄     ▀▄   █
      ▄▀ ▀▄      ▀█▀
    ▄▀     ▀█▄▄▄▀▀ ▀
  ▄▀  ▄▀  ▄▀
 ▀▄    ▄▀▀
Live Games

   ▄▄▀▀▀▀▀▀▀▄▄
 ▄▀ ▄▄▀▀▀▀▀▄▄ ▀▄
▄▀ █ ▄  █  ▄ █ ▀▄
█ █   ▀   ▀   █ █  ▄▄▄
█ ▀▀▀▀▀▀▀▀▀▀▀▀▀ █ █   █
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█  █▄█
█ ▀▀█  ▀▀█  ▀▀█ █  █▄█
█  █    █    █  █  █ █
Slots
.
        ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄
        █         ▄▄  █
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄       █
█  ▄▄         █       █
█             █       █
█   ▄▀▀▄▀▀▄   █       █
█   ▀▄   ▄▀   █       █
█     ▀▄▀     █   ▀▀  █
Blackjack
.
▄▄▀█████▀▄▄
▄▀▀   █████ ▄▄▀▀▄
███▄  ▄█████▄▀▀▄███
██████▀▀     ▀▀██████
█ ▀▀██▀ ▀▄   ▄▀ ▀██▀▀ █
█    █    ███    █    █
█ ▄▄██▄ ▄▀   ▀▄ ▄██▄▄ █
██████▄▄     ▄▄██████
Roulette
.
█▀▀▀▄             ▄▀▀▀█
█ ▀▄ ▀▄         ▄▀ ▄▀ █
▀▄ ▀▄ ▀▄     ▄▀ ▄▀ ▄▀
▀▄ ▀▄ ▀▄  ▀ ▄▀ ▄▀
▀▄ ▀▄ ▀▄ ▀ ▄▀
▄ ▀▄ ▀▄ ▀▄  ▄
█ ▀▄ ▀▄ ▀  ▄▀ █
▄▀▄ ▀▄ ▀ ▄▀ ▄▀▄
Dice Duels
dothebeats
Legendary
*
Offline Offline

Activity: 2478
Merit: 1246


www.Crypto.Games: Multiple coins, multiple games


View Profile
November 18, 2020, 05:00:07 PM
 #15

The ticketing one is probably the easiest application of blockchain in the sports industry IMO. Even though most ticket sales are already through digital means, there are still cases wherein counterfeit tickets are being sold and being accepted on the event day just because they are easier to tamper with, as compared to the blockchain one. While in essence, blockchain could just mean 'database' after all, the added security offered through cryptographic means makes the said ticketing system more secure plus more efficient at the same time.

████  ███████  ███
██████████
███      ███████
███      ███████████
██████████████████
████████
███   ████  ███████████
███ ███████████████
█████████
█████████████████
███  ███████
██████████████
███        ████████
███████████▀▀███▀▀███████████
██████▀▀     ███     ▀▀██████
████▀   ▄▄█████████▄▄   ▀████
████▄▄▄███▀  ▀█▀  ▀███▄▄▄████
██▀▀▀██▀      ▀      ▀██▀▀▀██
█▀  ▄██               ██▄  ▀█
█   ████▄▄         ▄▄████   █
█▄  ▀██▀             ▀██▀  ▄█
██▄▄▄██▄             ▄██▄▄▄██
████▀▀▀███▄ ▄█ █▄ ▄███▀▀▀████
████▄   ▀▀███▄█████▀▀   ▄████
███████▄     ███     ▄███████
███████████▄▄███▄▄███████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
..PLAY NOW..
███  ███████  ████
██████████
███████      ███
███████████      ███
██████████████████
████████
███████████  ████   ███
███████████████ ███
█████████
█████████████████
███████  ███
██████████████
████████        ███
deisik
Legendary
*
Online Online

Activity: 2576
Merit: 1240


English ⬄ Russian Translation Services


View Profile WWW
November 18, 2020, 05:05:44 PM
 #16

Blockchain technology in itself is big so for your ideas it may work but maybe it may not. Like when you said the idea about "fan tokens" I think that this might not be an effective way or something useful for the fans to use for their football clubs what I mean they already have ways to join polls in social media and also have a solid fun club to go with it, issuing something like this token might make them feel that this is some kind of gimmick for them

Well, these are not quite my ideas

I only looked into what already exists about blockchain tech in sports. You seem to forget that most fans have never been to a real game of their favorite team. In fact, many fans have not even been to the city or even country of their passion. For example, European football is very popular in East Asia, so how can fans from that region interact with the club if they are thousands of miles away? Blockchain is capable of making this distance shorter, in a way, and also facilitate that feeling of belonging much better than social media presently does

But for the use of blockchain with regards to improving their system like what you said with the ticketing issue and how to avoid scalpers I think this is one of the most effective ways of applying blockchain technology

Yeah, that seems to be a very interesting and important use case

skpanchal
Newbie
*
Offline Offline

Activity: 51
Merit: 0


View Profile
November 19, 2020, 03:20:55 AM
 #17

Blockchain effectively deals with both of these issues and offers immediate benefits in this department. If event organizers are using a blockchain platform for ticketing and there are only so many tickets to be sold on it, no room is left for counterfeit tickets as you can’t counterfeit the entire blockchain. Well, technically, you can, but in that case looking for counterfeiting tickets will be your least concern as it might turn prohibitively expensive and counterproductive.
Lorence.xD
Full Member
***
Offline Offline

Activity: 882
Merit: 170


★Bitvest.io★ Play Plinko or Invest!


View Profile
November 19, 2020, 04:28:52 AM
 #18

Blockchain effectively deals with both of these issues and offers immediate benefits in this department. If event organizers are using a blockchain platform for ticketing and there are only so many tickets to be sold on it, no room is left for counterfeit tickets as you can’t counterfeit the entire blockchain. Well, technically, you can, but in that case looking for counterfeiting tickets will be your least concern as it might turn prohibitively expensive and counterproductive.
That is just one part of the benefits of bitcoin and sport industry mutual relationship, they are also a good advertisement for bitcoin as we all know that sport industry have a lot of audience and an advertisement placement is a good advantage for any product or services involved. This will in turn make people checkout bitcoin more than ever because they support the sports industry so they might as well support what they are promoting.

Darker45
Legendary
*
Offline Offline

Activity: 1414
Merit: 1096


🙏🏼Padayon...🙏


View Profile
November 19, 2020, 04:39:29 AM
 #19

There was a particular time in the not so distant past when the blockchain technology was kind of prostituted. That was the time of the ICO craze. Everything was offered in a tokenized version using the blockchain. That included ticketing. I remember the names Aventus, Get Protocol, EventChain, and many others. They were said to address ticketing issues like scalping, reselling with a ridiculously higher price, counterfeiting, and so on. Well, I haven't heard much of them lately.





.
.




░██████████████████░
████████████████████
█████████▀░░░███████
█████████░░▄████████
███████▀▀░░▀▀███████
███████▄▄░░▄▄███████
█████████░░█████████

█████████░░█████████

█████████▄▄█████████

████████████████████

░██████████████████░
░██████████████████░
████████████████████
████████████▀▀▀█▀███
███░▀█████▀░░░░░▀███
███▌░░░▀▀▀░░░░░░████
████▄░░░░░░░░░░░████
█████▀░░░░░░░░░█████

██████▄░░░░░▄▄██████

█████▄▄▄▄███████████

████████████████████

░██████████████████░
░██████████████████░
████████████████████
████████████████████
███████████▀▀░░▐████
███████▀▀░░░░░█████
████▀░░░▄█▀░░░▐█████
█████▄▄█▀░░░░░██████

███████▌▄▄▄▐██████

████████████████████

████████████████████

░██████████████████░
stompix
Legendary
*
Offline Offline

Activity: 1722
Merit: 1995



View Profile
November 19, 2020, 05:19:43 AM
 #20

It can be guaranteed that scam in selling tickets will not occur in many ways, which will make it practically difficult for those who want fraud to continue with it. Blockchain is one of these methods, but it is not the best one.

What would be also important to note is that those blockchains solutions have so much in common with bitcoin's blockchain a seal and a parrot.
For example, the UEFA ticketing system was nothing more than a centralized database that carried a unique id you could check for its validity or transfer to another account at any moment and that would be activated on an entry into the stadium.
Blocks? Mining? Transactions? Decentralization? Nothing like that.

In fact, the use of blockchain wastes a lot of energy, which will not be of value in regular projects, so the important aspect that the blockchain can contribute to is the financial and economic aspects.
Nor is it necessary to solve problems using blockchain?

I think that the trend of naming anything that looks like a database a blockchain is coming back again in full swing.
A blockchain solution as some are marketing can be energy efficient, the only thing is that the solutions they implement are nothing like the blockchain we imagine, they are resembling a lot more to traditional distributed databases, Cassandra is one of those, a fully distributed database, nothing more. None of those are resembling bitcoin, every single of them can reverse any data stored in it.

As for tokens, yeah, crypto kitties.

There was a particular time in the not so distant past when the blockchain technology was kind of prostituted. That was the time of the ICO craze. Everything was offered in a tokenized version using the blockchain.

Well, we got rid of prostitution for a while but DeFi is here to rake in some cash from the gullible wanting to be the next "early investors"

Pages: [1] 2 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!