The possibility of sports industry business model innovation based on blockchain technology: Evaluation of the innovation efficiency of listed sports companies

The combination of blockchain and the sports industry is bound to be a trend in terms of innovation and the development of sports industry in the near future. Therefore, after analyzing the problems existing in the current business model of the sports industry, this paper takes 200 innovation indica...

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Bibliographic Details
Published inPloS one Vol. 17; no. 1; p. e0262035
Main Authors Lv, Chenchen, Wang, Yifeng, Jin, Chai
Format Journal Article
LanguageEnglish
Published United States Public Library of Science 25.01.2022
Public Library of Science (PLoS)
Subjects
Authenticity
Biology and Life Sciences
Blockchain
Business creativity
Business models
China
Commerce
Computer and Information Sciences
Cryptography
Decentralization
Economic aspects
Economic research
Economics
Efficiency
Empirical analysis
Engineering and Technology
Feasibility
Growth rate
Humans
Industrial development
Industry - economics
Innovations
Medicine and Health Sciences
Physical education
Social Sciences
Sports
Sports - economics
Technology assessment
China
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Summary:The combination of blockchain and the sports industry is bound to be a trend in terms of innovation and the development of sports industry in the near future. Therefore, after analyzing the problems existing in the current business model of the sports industry, this paper takes 200 innovation indicators of 50 listed companies in the sports industry, among which 15 use blockchain and 35 do not use, as research samples and uses a three-stage DEA model to calculate their innovation efficiency. The results show that sports companies that use blockchain have better performance in terms of innovation efficiency than do those that do not, which illustrates the necessity of blockchain-based business model innovation. Then, by focusing on the internal structure and the case of the "vSport blockchain", this work shows that this business model innovation is feasible. The article first proposes a blockchain-based sports industry business model and then uses a combination of empirical and case studies to prove the necessity and feasibility of sports industry business model innovation.
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Competing Interests: The authors have declared that no competing interests exist.
These authors also contributed equally to this work.
ISSN:1932-6203
1932-6203
DOI:10.1371/journal.pone.0262035