The Use of Blockchain Technology and Its Reflection in the Financial Performance of Investment Projects Developed by the Ministry of Sports

Sobhi Noureldin Ata (), Ahmed K. Hassan, Hossam S. Selim, Badry E. Hammad, Hussien M. Abdelhalim and Abeer M. Abdelhalim
Additional contact information
Sobhi Noureldin Ata: Department of Physical Education, College of Education, King Faisal University, Al-Ahsa 31982, Saudi Arabia
Ahmed K. Hassan: Department of Physical Education, College of Education, King Faisal University, Al-Ahsa 31982, Saudi Arabia
Hossam S. Selim: Department of Physical Education, College of Education, King Faisal University, Al-Ahsa 31982, Saudi Arabia
Badry E. Hammad: Department of Combat and Individual Sports, Faculty of Physical Education, Minia University, Minya 61519, Egypt
Hussien M. Abdelhalim: Department of Sports Administration, Faculty of Physical Education, Minia University, Minya 61519, Egypt
Abeer M. Abdelhalim: Department of Accounting Applied College, King Faisal University, Al-Ahsa 31982, Saudi Arabia

Economies, 2023, vol. 11, issue 5, 1-19

Abstract: Blockchain has received a lot of attention in financial technology, as it combines many computer technologies, including data storage, point-to-point transmission, and consensus mechanisms, as it is considered a decentralized technology for managing transactions and data that has been developed. The study aimed to demonstrate the impact of the use of blockchain technology on the financial performance of investment projects developed by the Ministry of Sports. We used the descriptive approach (survey study method) as an appropriate method to achieve the objectives of the study due to the suitability of its procedures. The participants in the study included some leaders of the Ministry of Sports and experts in the field of sports investment, as well as some leaders working in the directorates of youth and sports, and some members of the board of directors of the Olympic Committee, sports federations, sports clubs, and youth centers. The study sample was selected in a deliberate way based on the categories of the study population. There were 300 participants in the study, and the researchers used two questionnaires as tools to collect the data. The results revealed a lack of the use of blockchain technology at the Ministry of Sports and a low level of financial performance at the Ministry of Sports. With a correlation between the level of financial performance and the use of blockchain technology, the level of the financial performance of the investment projects developed by the Ministry of Sports could be predicted based on the use of blockchain technology. Finally, the study also provides insight into political implications, limitations, and future directions.

Keywords: technology; blockchain; financial performance; investment projects; smart contracts (search for similar items in EconPapers)
JEL-codes: E F I J O Q (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2227-7099/11/5/140/pdf (application/pdf)
https://www.mdpi.com/2227-7099/11/5/140/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jecomi:v:11:y:2023:i:5:p:140-:d:1141946

Access Statistics for this article

Economies is currently edited by Ms. Hongyan Zhang

More articles in Economies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().