Paper Title
To what extent has blockchain technology facilitated the growth of cryptocurrencies in the sports industry and what are the implications of this for the digital economy and the future of society?
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Authors
Karsh Sarna
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Abstract
n recent years, the blockchain has greatly come into the limelight with cryptocurrency, a system of digital payment based on the blockchain, and NFTs, a form of digital art, particularly gaining a lot of popularity. This paper discusses in detail, what the blockchain is and its uses in different industries. The main focus is on the use of cryptocurrency in the sports industry with the discussion focusing on the game of football. The paper discusses how many footballers have started to take a part of their salary in crypto, an example being Messi (a widely known football superstar) and fan tokens (a form of digital assets based on the blockchain) which have been created by various teams. The paper concludes by discussing the future of crypto and its implications for the future of society.
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Karsh Sarna (July-2023). To what extent has blockchain technology facilitated the growth of cryptocurrencies in the sports industry and what are the implications of this for the digital economy and the future of society?. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 8(7), b512-b521. https://ijnrd.org/papers/IJNRD2307157.pdf
Issue
Volume 8 Issue 7, July-2023
Pages : b512-b521
Other Publication Details
Paper Reg. ID: IJNRD_199862
Published Paper Id: IJNRD2307157
Downloads: 000121983
Research Area: Computer Science & TechnologyÂ
Country: Delhi, Delhi, India
Published Paper PDF: https://ijnrd.org/papers/IJNRD2307157.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2307157
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This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition


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