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Blockchain in Sports: Revolutionizing Ticketing and Fan Engagement

 

 

 

Authors:

Srinivas Balasubramanian

 

Abstract: Blockchain is a major technology that are currently being used by major car companies and hotels for the keyless entry concept. The Blockchain is known for its encryption, decentralization and immutability which plays a major role in preventing data breach. Using blockchain in sports industry will avoid the potential cyber threats. Blockchain can provide a secured financial transaction, ticketing and merchandise sales. Third party ticketing sales system can be easily hacked and also known for fraud and lack of transparency. Using Blockchain’s decentralization technique this can be avoided and can create direct connection with the fans and sports organizations.

This paper explores the applications of blockchain in sports, focusing on ticketing, digital collectibles, smart contracts, and fan interactions. It also explores challenges and future trends along with the recommendations of blockchain adoption within the industry.

Keywords: Blockchain, Sports Ticketing, Fan Engagement, Smart Contracts, Digital Collectibles, Decentralized Systems, NFT, Sports Industry Innovation