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Transformative blockchain technological approaches to sports events.

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Blockchain enhances sports event management by improving transparency and efficiency through Decentralized Autonomous Organizations (DAOs). This study provides a framework for leveraging blockchain in small to medium-sized events, addressing practical implementation challenges.

Keywords:
decentralized systemsdigital event managementorganizational innovationssmart infrastructurestakeholder systems

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Area of Science:

  • Sports Management
  • Information Systems
  • Organizational Theory

Background:

  • Limited practical implementation of blockchain in sports event management.
  • Lack of comprehensive theoretical guidance for blockchain adoption.
  • Growing interest in decentralized governance for events.

Purpose of the Study:

  • To propose an integrated theoretical framework for blockchain in sports event management.
  • To explore the application of blockchain using the Dynamic Capabilities Framework, Collaborative Governance Theory, and Four Modes of Governance.
  • To address the gap in theoretical and practical guidance for blockchain implementation.

Main Methods:

  • Developed an integrated theoretical framework combining DCF, CGT, and FMG.
  • Analyzed blockchain's potential for transparency, efficiency, and stakeholder participation via DAOs.
  • Identified key mechanisms (access, control, incentives) and their interactions.

Main Results:

  • Blockchain technology, particularly through DAOs, can significantly enhance transparency, efficiency, and stakeholder engagement.
  • Key mechanisms of access, control, and incentives are crucial for realizing blockchain benefits.
  • Identified critical managerial implications for successful implementation.

Conclusions:

  • The proposed framework offers theoretical insights and practical guidelines for blockchain adoption in sports events.
  • Strategic infrastructure assessment, stakeholder engagement, and risk management are vital.
  • Blockchain provides a structured approach to managing small to medium-sized sports events effectively.