Is sports betting smart

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Smart contracts – the use of smart contracts (a contract that is executed autonomously based on pre-set conditions) between organisers and developers, players and advertisers ensures everyone is rightfully remunerated for their contribution to the platform, as well as fair distribution of prize money.Decentralised platforms – building e-sport tournaments on decentralised platforms allows multiple stakeholders – game developers, sponsors, players, team managers, advertisers – to gather in a transparent fashion, without the need for a central authority.With its transparency pledge, blockchain technology can offer many benefits to the e-sports industry: However, like others, it is facing challenges, such as security, player data management, corruption prevention, ensuring investment and marketing returns. Blockchain in E-sportsĮ-sports is a rapidly growing industry that has seen a surge in popularity in recent years. Here we want to continue exploring this trend and focus on some more recent developments related to the application of blockchain in sport – by looking into the areas of e-sports and betting.

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