A Systematic Literature Review of Blockchain Technology and the Sports Industry
DOI:
https://doi.org/10.12800/ccd.v20i63.2208Abstract
This study provides a comprehensive overview of blockchain applications in the sports industry through a systematic literature review (SLR) following PRISMA guidelines. The terms “Blockchain AND Sport” were used to search across databases such as Web of Science, Scopus, ScienceDirect, PubMed, Embase, IEEE, and Dimensions. After the search, 1,571 articles were identified, with 37 primary studies selected for detailed analysis. The review highlights blockchain’s potential to transform the management and operation of sports-related activities by addressing challenges faced by stakeholders. The results demonstrated that blockchain enhances stakeholder trust through transparency, decentralization, and immutability. Its ability to automate processes like player transfers and contract management via smart contracts reduces
costs and risks, while fan engagement is bolstered through digital tokens and NFTs. The findings underscore blockchain’s capacity to revolutionize sports management through digital collectibles, secure transactions, performance optimization, and fan engagement through exclusive digital content. However, significant challenges still need to be addressed, including regulatory uncertainty, technical complexity, high implementation costs, and cultural resistance to decentralization. Despite these obstacles, blockchain presents substantial opportunities for innovation and efficiency in the sports industry. The review concludes that continued technological advancements, regulatory development, and cultural adaptation are
essential for the widespread adoption of blockchain in sports.
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