Blockchain Technology Innovation in the Sports Industry from the Perspective of Islamic Development Economics
DOI:
https://doi.org/10.5281/zenodo.15703604Keywords:
Blokchain Technology, Islamic Development Economics, Sport IndustryAbstract
A development economy that is predicated not solely on quantitative economic growth, but also on the moral and ethical dimensions of implementation, which in turn encourages changes in digital technology systems across multiple sectors, including the sports sector. Conceptually, it has made rapid progress in its development. However, there has been minimal implementation of Islamic economic principles that focus on sustainable development economics. This is imperative to forestall data manipulation in the blockchain technology system, which is liable to have ramifications for the social and cultural aspects of society at large. Blockchain technology in the domain of sports, including the tokenization of tickets, and the implementation of smart contracts for athletes in various sports. The rapid development of blockchain technology has raised concerns regarding data security and sustainable distribution. The present research employs a qualitative approach through a literature review study, emphasizing the relevance of books and journals related to the subject of study. This research study explores the significance of stakeholder aspects of blockchain technology innovation in the domain of sports from the perspective of Islamic development economics. Islamic development economics is predicated on Islamic economic values and the challenges faced in several social, cultural, and ethical aspects in the use of blockchain technology in sports. This underscores the necessity for structured educational programs that facilitate interdisciplinary dialogue among technology experts, scholars, and regulators. The economic values of Islamic development are realized through the use of blockchain technology, which utilizes mechanisms such as smart contracts.References
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