Submitted:
23 December 2024
Posted:
24 December 2024
Read the latest preprint version here
Abstract
Blockchain technology has the potential to revolutionize the sports industry by enhancing athlete data management, automating smart contracts, improving ticketing security, and fostering fan engagement through innovative loyalty programs. Though more creative uses are starting to emerge, general adoption is still in its early stages, despite its promise. This study explores the impact of blockchain applications on team sports performance in Romania, focusing on their perceived benefits and applicability. A survey, validated by an ethics commission, was conducted among sports professionals to assess these impacts of technology on performance. For data analysis we have done a Structural Equation Modeling (SEM) with Smart PLS and a cluster analysis in SPSS 22.0. Results indicate that blockchain benefits significantly influence the adoption of blockchain applications, which, in turn, positively impact athletes’ performance at national and European levels. This study identifies key factors contributing to the implementation success of blockchain apps in sports and offers insights into the technology's broader potential for fostering transparency, efficiency, and competitive growth in the sports industry. This research validated the hypothesis that in Romania the implementation of Blockchain Apps in sport fosters trust in blockchain benefits and improves the national and European athlete performance.
Keywords:
1. Introduction
2. Applicability of Blockchain in Sports
2.1. Athlete Data Management
2.2. Sports Event Management
2.3. Anti-Doping Compliance
2.4. Sports Collectibles and Merchandise
2.5. Fan Engagement
2.6. Sponsorship and Crowdfunding
2.7. Esports and Sports Betting
2.8. Copyright Protection in Sports Media
3. Methodology
3.1. The Purpose of the Research and the Instruments Used
3.1. Design and Research Phase
3.1. Descriptive Statistics

3.1. Comparative Variance Analysis of Basketball versus Football
3.1. Model Fit and Path Coefficients
| Saturated Model | Estimated Model | |
| SRMR | 0.032 | 032 |
| d_ULS | 0.140 | 0.141 |
| d_G | 0.093 | 0.094 |
| Chi-Square | 137.647 | 137.718 |
| NFI | 0.953 | 0.953 |
3.4. Cluster Analysis
4. Discussions
4.1. Key Findings and Implications
4.2. Practical Implication of Blockchain in Sport
5. Limitations and Future Directions
6. Conclusions
Conflicts of Interest
References
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| Blockchain benefits in sports | ||
| Blockchain benefits | Crypto Sponsorship |
Crypto Sponsorships - The Internet is the right medium for publishing and broadcasting detailed information about sports/teams or professional athletes and at the same time allows online payment (Bastos, 2020, Cintas-Canto, 2022, Berkani, 2024) |
| Player Tokens |
Tokenization of young athletes - tokens are obtained for amateurs and lesser-known athletes who are looking for funding to launch their careers. People invest with the hope that in the future they will recoup their investment based on the earnings of the performer or team they financially supported (Kaur, 2021, FIFA, 2024, Berkani, 2024, Rueden, 2020). | |
| Smart tickets |
Blockchain technology can track the smart ticket until it reaches the final seller (Carlsson-Wall, 2020, Berkani, 2024, Wojda, 2023, Pinto, 2022, Calderone, 2023) | |
| Decentra- Lization Ticket |
Smart contracts will ensure that tickets are not resold at a higher price to another person (Carlsson-Wall, 2020, Berkani, 2024, Wojda, 2023, Pinto, 2022, Calderone, 2023, Rueden, 2020) | |
| Secure Data |
Blockchain brings data security. Thanks to this technology, athletes, coaches, and club management employees can share data and personal information without worrying about it being falsified, stolen, or misused by another institution/club (Sai Radha, 2023, Li, 2023, Cao, 2021, Mohammad, 2023, Song, 2022, Wojda, 2023, Pinto, 2022, Calderone, 2023, Berkani, 2024, Al-Breiki, 2020) | |
| Antidoping | Blockchain technology can track drug storage, routes, and testing itself and remove any suspicion of the legitimacy of the anti-doping test (Regner, 2019, Gremion 2018, Berkani, 2024, Baker, 2022) | |
| Financial Support |
Financial support can be obtained in an online environment from fans or entrepreneurs who choose to invest in talented young athletes. Their investment will be translated into tokens and smart contracts, which will allow them to recoup their investment in the future when the sponsored athletes are performing at the national, and international levels (Jin, 2021 CJarlsson-Wall, 2020, Baker, 2022 Khaund, 2020, Berkani, 2024, Rueden 2020). | |
| Reward Fan |
The unique identifier algorithm provided by blockchain technology can track all fun activities and reward them with cryptocurrencies that could be turned into an object or other currency (Carlsson-Wall, 2020, Liu, 2021, Ante, 2023, Berkani, 2024). | |
| Subscription | Platforms can offer subscription services and internal updates about different clubs, and the associated values will attract many fans and convince them to pay (Berkani, 2024, Muthe, 2020, Bastos, 2020, ). | |
| Blockchain Apps | App Sponsor |
Crypto sponsorships: SportyCo, eToro Tennis Sponsorship (Bastos, 2020, Cintas-Canto, 2022, Berkani, 2024) |
| AppPlayer | Tokenizing for athletes to keep aspiring: PlayerTokens (Naraine, 2021, Yue, 2020, Shan, 2020, Yu, 2021, Berkani, 2024)) | |
| AppTickets | Smart tickets- Eventchain (Carlsson-Wall, 2020, Berkani, 2024, Wojda, 2023, Pinto, 2022, Calderone, 2023) | |
| App Descentra- lization |
Decentralization of Resale/Share Ticket – Blockparty (Carlsson-Wall, 2020, Berkani, 2024, Wojda, 2023, Pinto, 2022, Calderone, 2023, Rueden 2020, Mammadzada, 2020) | |
| AppData | Securely recording and sharing performer data Daynos.Io (Sai Radha, 2023, Li, 2023, Cao, 2021, Mohammad, 2023, Song, 2022) | |
| AppPay | Decentralization of Participation and Payments - No Limit Fantasy Sports, MyDFS (Muthe, 2020, Bastos, 2020, Berkani, 2024) | |
| AppRevenue | Fan Revenue Sharing - Socios (Vidal-Tomás, 2024) | |
| AppReward | Rewarding Fan Interaction - Blocside (Carlsson-Wall, 2020, Liu, 2021, Ante, 2023, Berkani, 2024) | |
| Performance Level | NationalTeam | How many caps do you have as a player on the National Team? |
| BestPerform | What is the best performance achieved at the European level? | |
| NatPerf | What is the best performance achieved at the national level? | |
| EuropePerf | How many caps do you have as a player at European level? | |
| Goals | How many goals did you mark? | |
| WorldSelect | How many caps do you have as a player at World Selections? | |
| One-Way ANOVA | By sport | By gender | By profession | |||
| (Welch's) | F | p | F | p | F | p |
| CryptoSponsorship | 0.126 | 0.723 | 0.822 | 0.446 | 1.038 | 0.39 |
| PlayerTokens | 0.867 | 0.354 | 0.979 | 0.384 | 1.194 | 0.317 |
| Smart tickets | 1.2111 | 0.274 | 0.624 | 0.541 | 1.431 | 0.228 |
| DecentralizationTicket | 0.0614 | 0.805 | 0.938 | 0.399 | 0.868 | 0.485 |
| SecureData | 1.87E-06 | 0.999 | 1.088 | 0.346 | 1.671 | 0.161 |
| Antidoping | 0.4816 | 0.489 | 0.764 | 0.472 | 1.431 | 0.228 |
| FinancialSupport | 1.6093 | 0.207 | 0.146 | 0.865 | 1.091 | 0.364 |
| RewardingFan | 1.5903 | 0.21 | 0.618 | 0.544 | 0.535 | 0.71 |
| Subscription | 0.0205 | 0.886 | 0.202 | 0.818 | 0.618 | 0.651 |
| AppSponsor | 0.4666 | 0.496 | 1.277 | 0.289 | 1.401 | 0.238 |
| AppPlayer | 0.8626 | 0.355 | 0.951 | 0.394 | 1.296 | 0.275 |
| AppTickets | 0.5009 | 0.48 | 0.999 | 0.376 | 1.632 | 0.17 |
| AppDescentralization | 0.4468 | 0.505 | 0.208 | 0.813 | 0.901 | 0.465 |
| AppData | 0.3986 | 0.529 | 0.932 | 0.401 | 0.634 | 0.639 |
| AppPay | 0.1783 | 0.674 | 1.505 | 0.233 | 1.797 | 0.134 |
| AppRevenue | 3.544 | 0.062 | 4.249 | 0.02 | 1.476 | 0.214 |
| AppReward | 0.6126 | 0.435 | 1.186 | 0.315 | 2.096 | 0.085 |
| AppInfo | 0.9118 | 0.342 | 0.981 | 0.383 | 0.682 | 0.606 |
| Variables | Block. Benefits | Block Apps | Performance | |
| Blockchain Benefits | ||||
| Blockchain Apps | 0.591 | |||
| Performance | 0.264 | 0.410 | 0.339 |
| Variable | VIF | Variable | VIF |
| AppData | 3.06 | DecentralizationTicket | 2.80 |
| AppDescentralization | 3.84 | EuropePerf | 1.15 |
| AppInfo | 3.67 | FinancialSupport | 2.32 |
| AppRevenue | 3.14 | NatPerf | 1.03 |
| AppSponsor | 2.27 | PlayerTokens | 2.65 |
| AppTickets | 3.80 | RewardingFan | 2.69 |
| BestPerform | 1.12 | Smart tickets | 2.85 |
| CryptoSponsorship | 2.14 | WorldSelect | 1.00 |
| Cluster | Error | F | Sig. | |||
| Mean Square | df | Mean Square | df | |||
| BlockchainAdv | 50.222 | 2 | .183 | 290 | 273.892 | .000 |
| BlockchainApps | 65.359 | 2 | .152 | 290 | 429.864 | .000 |
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