Sports play a pivotal role in the development of many countries’ economies.
The global spectator sports market was valued at $265 billion in 2017 meaning that in some countries, sport contributes well more than industries like agriculture, energy and forestry.
Sport tourism is one of the key factors that lead to sport contributing so much to the Gross Domestic Product worldwide. What is sport tourism?
Sports tourism can be describes as any traveling that is done by people from the usual place of stay to other regions to participate or just watch a sporting event. Sports like soccer, baseball, golf, cricket and rugby have a large following there play a key role in the movement of sportsmen and fans. Some of the like rugby, cricket and soccer have a world cup in each discipline.
For the 2018 Soccer World Cup, 3.03 million people are believed to have watched the games watched the games live in the stadiums giving an average attendance 47,371 per game.
Rugby World Cup attendance hosted by England in 2015 had an attendance of 2,477,805 giving an average of 51,621 live viewers per match.
International Cricket Council World Cup co-hosted by Australia and New Zealand in 2015 has an attendance of 1,016,420 people translating to an average of 20,743 live watchers per match.
The 2022 Soccer World Cup shall he host by Qatar, the 2019 International Cricket Council World Cup shall be co-host by England and Wales as the 2019 Rugby World Cup shall be host by Japan. Millions of people shall travel to enjoy the sports. Can blockchain capitalise on sports tourism?
Really, blockchain has a place in sports tourism. Since tickets to enter in stadiums are bought using credits cards and hard cash, sports organisers may adopt where their fans and supporters can buy tickets in exchange of crypto currencies.
Sports tourism is one stakeholder in blockchain since sports travel push numbers. Interested fans and supporters of the participating teams can consider trading in crypto currency named DCNT coin that is offered by the world’s leading decentralized state named Decenturion.
The state of Decenturion is where all the sources, such as cash, power and also magnificence comes from the homeowners. Its citizens have control over their income and transactions. DCNT coin and tokens can be acquired once one becomes a citizen of the Decenturion state.