The latest market analysis publication titled Blockchain in Sport – Thematic Research study has been added to the report store by GlobalData Plc. Blockchain is a method of storing information that makes it very difficult to change or cheat the system. 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.

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Blockchain in Sports Trends

The main trends shaping the blockchain theme are classified into four categories:

Technology trends

• Block chain as a service (BaaS)
• Permissioned blockchains
• Zero-knowledge proof (ZKP)
• Artificial intelligence (AI)
• Internet of Things (IoT)
• Integration

Macroeconomic trends

• COVID-19
• Consortia
• Networks of networks
• China
• Blockchain talent

Regulatory trends

• Regulatory clarification
• Fintech regulation
• Blockchain standards
• Data privacy

Use Case trends

• Payments
• Supply chain
• Data sharing
• Smart contracts
• Cryptocurrency
• Central bank digital currencies
• Decentralized finance
• Stablecoins
• Trade finance
• Non-fungible Tokens (NFTs)
• Decentralized digital identities (DID)
• Provenance

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Blockchain in Sports Value Chain Components

Blockchain Infrastructure

• Nodes
• Mining
• Storage
• Tokens

Blockchain Protocols

• Permissioned
• Permissionless

P2P networks

• Private
• Federated
• Hybrid
• Public

Blockchain Components

• Smart contracts
• Side chains
• State channels
• Off-chain computing
• Oracles
• APIs

Blockchain Applications

• Payments
• Supply chain
• Digital assets
• Identity management
• Trade finance
• Provenance

Blockchain services

• Blockchain as a service
• IT and professional services

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Blockchain in Sport Companies

GlobalData highlights publicly listed and private companies making their mark within the block chain theme.

• Accenture: Accenture’s focus on using blockchain for improving underlying business processes has proven successful. In late 2020, Accenture hired a Head of Blockchain Innovation to expand its blockchain capabilities, primarily by expanding the company’s talent pool.
• Alibaba Group: Alibaba launched its BaaS platform in China at the beginning of 2018. The strength of Alibaba Cloud BaaS is underpinned by its support for three mainstream blockchain technologies: the open-source Hyperledger Fabric; AntChain developed by Ant Group, an Alibaba affiliate; and Quorum, an enterprise-focused version of Ethereum.
• Amazon: Amazon made its Amazon Managed Blockchain (AMB) and Amazon Quantum Ledger Database (QLDB) services available in 2019, supporting Hyperledger Fabric and Ethereum. The cloud provider is well-equipped to address complex scalability issues, particularly as next-generation architectures such as serverless computing come into play.
• HSBC: HSBC became the first bank to put a commercially viable letter of credit on a blockchain network and has since focused on using blockchain to increase the efficiency and transparency of global trade and payments.
• IBM: IBM leads the industry in terms of blockchain development and use. IBM Blockchain Platform is the leading Hyperledger Fabric solution for enterprises. It is offered as a set of tools, allowing it to run in any computing infrastructure via support for Kubernetes, whether on IBM Cloud, a third-party cloud like AWS, or on-premises data centers.
• Infosys
• ING
• JP Morgan Chase & Co.
• Microsoft
• Oracle
• Salesforce
• Tencent
• Wipro

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About GlobalData

GlobalData is a leading data, analytics, and insights provider in the world’s largest industries. As a leading information services company, thousands of clients rely on GlobalData for trusted, timely, and actionable intelligence. Our mission is to help our clientele ranging from professionals within corporations, financial institutions, professional services, and government agencies to decode the future and profit from faster, more informed decisions. Continuously enriching 50+ terabytes of unique data and leveraging the collective expertise of over 2,000 in-house industry analysts, data scientists, journalists, and a global community of industry professionals, we aim to provide decision-makers with timely, actionable insights.

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