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?

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?

Registration ID: IJNRD_199862

Published ID: IJNRD2307157

DOI: Click Here to Get

Karsh Sarna

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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"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?", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.8, Issue 7, page no.b512-b521, July-2023, Available :https://ijnrd.org/papers/IJNRD2307157.pdf

Volume 8 Issue 7, July-2023

Pages : b512-b521

Paper Reg. ID: IJNRD_199862

Published Paper Id: IJNRD2307157

Downloads: 000121116

Research Area: Computer Science & Technology 

Country: Delhi, Delhi, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2307157.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2307157

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

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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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