Abstract
Problems such as excessive centralization of sports industry operations, unclear value, and lack of IP protection hinder the benign interaction between various formats of the sports industry and the healthy operation of the industrial ecosystem. This article is aimed at studying the use of the decentralization, openness and transparency, smart contracts, copyright traceability, and other characteristics of the BT to construct a PCMR model, which can solve the pain points faced by the sports industry ecosystem in a targeted manner, and forming a way to reconstruct trust, the specific implementation path of the integration of BT and sports industry with mechanism as the core. This paper proposes blockchain network and data communication algorithms such as consensus algorithm, signature core algorithm, and practical Byzantine fault‐tolerant algorithm to provide technical support for the application of blockchain technology in the sports industry ecosystem and, at the same time, provide technical support for blockchain network and data communication. The feasibility analysis of the application of the sports industry ecosystem is proposed, and the implementation path of the blockchain network and data communication to reconstruct the sports industry ecosystem is analyzed. Finally, the empirical test of the support of blockchain sports to the sports industry is carried out. By analyzing the panel data of 240 observations of 48 listed companies in 5 years as a sample of the sports industry, the experimental results show that the dominant modulus of the sample does not have other differences, and the leftovers all pass significance test at the 10% level at least, denoting that the fundamental sample is more rational.
Highlights
The scarcity of resources and the complementarity of links determine that the various elements of the industry have the characteristics of interdependence, interconnection, mutual restriction, and mutual influence
A concept was put forward—its essence is a structural layout based on the benign operation of various elements of the industry and the effective matching of resources
With the advent of the 5G era and the advancement of “new infrastructure,” major countries in the world are accelerating the industrialization of blockchain technology
Summary
A concept was put forward—its essence is a structural layout based on the benign operation of various elements of the industry and the effective matching of resources. With the advent of the 5G era and the advancement of “new infrastructure,” major countries in the world are accelerating the industrialization of blockchain technology. The key to the concrete landing and commercial application of blockchain technology is to empower the physical industry and promote the industry. The ecosystem structure of my country’s sports industry is not yet perfect, and the industrial chain and ecosystem network are not yet perfect. The introduction of the basic concepts and technology of BT in the sports industry can effectively stimulate the internal vitality of industrial elements and promote a virtuous circle of the sports industry ecosystem at the beginning of the industrial chain
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