Mathew B. Fukuzawa, Brandon M. McConnell, Michael G. Kay, Kristin A. Thoney-Barletta, Donald P. Warsing
{"title":"Implementing trades of the National Football League Draft on blockchain smart contracts","authors":"Mathew B. Fukuzawa, Brandon M. McConnell, Michael G. Kay, Kristin A. Thoney-Barletta, Donald P. Warsing","doi":"10.1108/ijsms-09-2023-0185","DOIUrl":null,"url":null,"abstract":"<h3>Purpose</h3>\n<p>Demonstrate proof-of-concept for conducting NFL Draft trades on a blockchain network using smart contracts.</p><!--/ Abstract__block -->\n<h3>Design/methodology/approach</h3>\n<p>Using Ethereum smart contracts, the authors model several types of draft trades between teams. An example scenario is used to demonstrate contract interaction and draft results.</p><!--/ Abstract__block -->\n<h3>Findings</h3>\n<p>The authors show the feasibility of conducting draft-day trades using smart contracts. The entire negotiation process, including side deals, can be conducted digitally.</p><!--/ Abstract__block -->\n<h3>Research limitations/implications</h3>\n<p>Further work is required to incorporate the full-scale depth required to integrate the draft trading process into a decentralized user platform and experience.</p><!--/ Abstract__block -->\n<h3>Practical implications</h3>\n<p>Cutting time for the trade negotiation process buys decision time for team decision-makers. Gains are also made with accuracy and cost.</p><!--/ Abstract__block -->\n<h3>Social implications</h3>\n<p>Full-scale adoption may find resistance due to the level of fan involvement; the draft has evolved into an interactive experience for both fans and teams.</p><!--/ Abstract__block -->\n<h3>Originality/value</h3>\n<p>This research demonstrates the new application of smart contracts in the inter-section of sports management and blockchain technology.</p><!--/ Abstract__block -->","PeriodicalId":501000,"journal":{"name":"International Journal of Sports Marketing and Sponsorship","volume":"43 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2024-01-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Sports Marketing and Sponsorship","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1108/ijsms-09-2023-0185","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
Purpose
Demonstrate proof-of-concept for conducting NFL Draft trades on a blockchain network using smart contracts.
Design/methodology/approach
Using Ethereum smart contracts, the authors model several types of draft trades between teams. An example scenario is used to demonstrate contract interaction and draft results.
Findings
The authors show the feasibility of conducting draft-day trades using smart contracts. The entire negotiation process, including side deals, can be conducted digitally.
Research limitations/implications
Further work is required to incorporate the full-scale depth required to integrate the draft trading process into a decentralized user platform and experience.
Practical implications
Cutting time for the trade negotiation process buys decision time for team decision-makers. Gains are also made with accuracy and cost.
Social implications
Full-scale adoption may find resistance due to the level of fan involvement; the draft has evolved into an interactive experience for both fans and teams.
Originality/value
This research demonstrates the new application of smart contracts in the inter-section of sports management and blockchain technology.
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