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

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  • Sobhi Noureldin Ata

    (Department of Physical Education, College of Education, King Faisal University, Al-Ahsa 31982, Saudi Arabia
    Department of Kinesiology, Faculty of Physical Education, Mansoura University, Mansoura 35516, Egypt)

  • Ahmed K. Hassan

    (Department of Physical Education, College of Education, King Faisal University, Al-Ahsa 31982, Saudi Arabia
    Department of Team Sports and Racket Games, Faculty of Physical Education, Minia University, Minya 61519, Egypt)

  • 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)

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.

Suggested Citation

  • Sobhi Noureldin Ata & Ahmed K. Hassan & Hossam S. Selim & Badry E. Hammad & Hussien M. Abdelhalim & Abeer M. Abdelhalim, 2023. "The Use of Blockchain Technology and Its Reflection in the Financial Performance of Investment Projects Developed by the Ministry of Sports," Economies, MDPI, vol. 11(5), pages 1-19, May.
    • Handle: RePEc:gam:jecomi:v:11:y:2023:i:5:p:140-:d:1141946
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    References listed on IDEAS

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    1. Veiko Lember & Taco Brandsen & Piret Tõnurist, 2019. "The potential impacts of digital technologies on co-production and co-creation," Public Management Review, Taylor & Francis Journals, vol. 21(11), pages 1665-1686, November.
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