Blockchain in Sport – Thematic Research
Blockchain is a method of storing information that makes it very difficult to change or cheat the system. The technology acts as a digital record of transactions—like a ledger—that is decentralized, meaning that there is no central authority or intermediary, such as a government or a bank, to validate a transaction. Instead, transactions are shared (distributed) with all participants in a network (on a peer-to-peer (P2P) basis). Transactions are then validated using consensus methods and cryptographic techniques designed to ensure that no single entity can control the blockchain.
The blockchain in sport thematic research report assesses how blockchain technology can be across the value chain. It provides an overview of the current landscape, including technology, macroeconomic, regulatory, and use case trends, as well as key players, while highlighting challenges to the use of blockchain. The report provides an industry-specific analysis based on GlobalData databases, surveys, and several case studies. Finally, the report analyzes blockchain-related deals, highlighting the impact of the COVID-19 pandemic where relevant.
Key Trends
The main trends shaping the blockchain theme are classified into four categories: technology, macroeconomic, regulatory, and use case trends.
- Technology trends – The key technology trends impacting the blockchain space are Blockchain as a service (BaaS), permissioned blockchains, Zero-knowledge proof (ZKP), artificial intelligence (AI), Internet of Things (IoT), and integration.
- Macroeconomic trends– The report focuses on key macroeconomic trends impacting the blockchain space which include the effects of the COVID-19 pandemic on the blockchain, consortia, networks of networks, shortage of blockchain talent, and Blockchain-based Service Network (BSN), launched in China.
- Regulatory trends – The key regulatory trends impacting the blockchain theme are, lack of regulatory clarity, fintech regulations, absence of blockchain standards, and data privacy risk.
- Use Case trends – The key use case trends in the blockchain industry are, payments, supply chain, data sharing, and smart contracts. Cryptocurrencies, central bank digital currencies (CBDCs), stablecoins, trade finance, non-fungible tokens, and decentralized digital identities (DID) are other use cases impacting the blockchain industry.
Blockchain in Sport – Industry Analysis
The global blockchain software and services revenue is valued at $3.6 billion in 2020 and is anticipated to grow significantly in the coming years. Blockchain is complex and still in its infancy, but its potential as a decentralized form of record-keeping is almost endless.
Sports teams are some of the most popular and valuable entities around the globe, and many have already begun to strike lucrative sponsorship deals with up-and-coming crypto firms. Additionally, Non-fungible tokens (NFTs), an offshoot of crypto, are items effectively stored in digital wallets and can range from collectible cards to digital trainers. Among the most popular sporting NFTs in 2021, were NBA’s Top Shot, which sells a collection of NBA-licensed digital items and consists of a blockchain-based card trading system. The service lets individuals buy short NBA clips, most of which are exciting highlights from some of the league’s top players.
The blockchain in sports market analysis also covers:
- Mergers and acquisitions
- Timeline
- Competitive Analysis
Blockchain in Sport – Industry Analysis, 2019-2030 ($bn)
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Blockchain in Sport - Value Chain Analysis
GlobalData’s blockchain value chain comprises six segments: blockchain infrastructure, blockchain protocols, P2P networks, blockchain components, blockchain applications, and blockchain services.
Blockchain Value Chain
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Leading Public Companies Adopting Blockchain
Some of the leading public listed companies making their mark within the blockchain theme are:
- Accenture
- Alibaba Group
- Amazon
- HSBC
- IBM
Leading Private Companies Adopting Blockchain
Some of the leading private companies associated with blockchain are:
- ConsenSys
- Ripple
- R3
- Figure
- Axoni
Blockchain in Sport Overview
| Report Pages | 76 |
| Regions Covered | Global |
| Key Trends | Technology, Macroeconomic, Regulatory, and Use Case Trends |
| Value Chain | Blockchain Infrastructure, Blockchain Protocols, P2P Networks, Blockchain Components, Blockchain Applications, and Blockchain Services |
| Leading Public Listed Companies Adopting Blockchain | Accenture, Alibaba Group, Amazon, HSBC, and IBM |
| Leading Private Companies Adopting Blockchain | ConsenSys, Ripple, R3, Figure and Axoni
|
Segments Covered in the Report
- Blockchain infrastructure
- Blockchain protocols
- PP networks
- Blockchain components
- Blockchain applications
- Blockchain services
Scope
- This report provides an overview of blockchain, and the explosion in its growth and popularity in recent years.
- The current trends dominating blockchain as well as the trendsetters leading the industry, and what sports leagues and teams have capitalised the most the boom of blockchain with regards to sponsorship.
- The report provides a look at the future development of the blockchain landscape, and what challenges it faces it in its immediate future.
- An in-depth look at the value chain for blockchain, and what generates revenue for the biggest platforms in the sector.
Reasons to Buy
- For those wanting an in-depth analysis the current landscape of blockchain, and how the sports world has begun to utilise blockchain to maximise their own revenues and business profile.
- For those wanting a sense of the current performance of many of the leading blockchain/crypto platforms, and the difficulties and controversies they are currently facing to stay dominant in an extremely competitive and diluted market.
- GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying the important themes early, enabling companies to make the right investments ahead of the competition, and securing that all-important competitive advantage.
Key Players
Table of Contents
Frequently Asked Questions
The key technology trends impacting the blockchain space are Blockchain as a service (BaaS), permissioned blockchains, Zero-knowledge proof (ZKP), artificial intelligence (AI), Internet of Things (IoT), and integration.
The key macroeconomic trends impacting the blockchain space which include the effects of COVID-19 pandemic on blockchain, consortia, networks of networks, shortage of blockchain talent and Blockchain-based Service Network (BSN), launched in China.
The key regulatory trends impacting the blockchain theme are, lack regulatory clarity, fintech regulations, absence of blockchain standards, and data privacy risk.
The key use case trends in the blockchain industry are, payments, supply chain, data sharing and smart contracts. Cryptocurrencies, central bank digital currencies (CBDCs), stablecoins, trade finance, non-fungible tokens and decentralized digital identities (DID) are other use cases impacting the blockchain industry.
GlobalData’s blockchain value chain is split into six segments: blockchain infrastructure, blockchain protocols, P2P networks, blockchain components, blockchain applications, and blockchain services.
Some of the leading public listed companies adopting blockchain technology are Accenture, Alibaba Group, Amazon, HSBC, and IBM among others.
Some of the leading private companies adopting blockchain technology are ConsenSys, Ripple, R3, Figure, and Axoni among others.
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