Share this article

Deloitte Imagines Bitcoin Betting in Stadiums of the Future

Updated Sep 11, 2021, 12:26 p.m. Published Aug 5, 2016, 9:14 p.m.
stadium, soccer

A new paper from Deloitte re-imagines the sports stadium concept in light of a number of developing technologies.

Notably, Deloitte gives the example of a fantasy sports-style interaction — a "game within the game" — where bets are placed using bitcoin "on in-game events, or use stadium-provided technology for other micro-transactions".

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

The consultancy sees the sports stadium experience as one ripe for technological innovation, building on what's already taking place on the court or field.

The paper explains:

"While a team is focused on delivering the best possible game experience to its fans, it can’t be all things to all people. Giving developers access to stadium infrastructure allows the team to benefit from the creativity of many."

The authors propose the development of a sports stadium that is more than a “concrete donut”, but rather a technology stack comprised of an experience layer, an enabling tech layer and a technology infrastructure layer.

Deloitte's Stadium as a Platform
Deloitte's Stadium as a Platform

By opening the stadium’s technology infrastructure to third-party developers, according to the paper, new services could be offering using blockchain and other nascent technologies.

Deloitte compares the idea of building a wide range of applications for stadiums to Apple’s development of its own hardware-as-a-platform for software products, which last year was a $6bn-a-year business in net revenue for the technology giant.

Image of screen on grass field via Shutterstock; Stadium graph via Deloitte

More For You

'We do not do illegal things': Inside a U.S.-sanctioned stablecoin issuer's race to build a crypto giant

Oleg Ogienko, director for regulatory and overseas affairs at A7A5, at Consensus in Hong Kong (provided)

Oleg Ogienko, the public face of A7A5, pitched the ruble-pegged stablecoin as a fast-growing trade rail built to move money across borders despite sanctions pressure.

What to know:

  • Oleg Ogienko, the public face of ruble-denominated stablecoin issuer A7A5, insists the firm complies fully with Kyrgyz regulations and international anti-money-laundering standards despite extensive U.S. sanctions on its affiliates.
  • A7A5, whose issuing entities and reserve bank are sanctioned by the U.S. Treasury, has grown faster than USDT and USDC and aims to handle more than 20 percent of Russia’s trade settlements, primarily serving businesses in Asia, Africa and South America trading with Russian partners.
  • Ogienko said that he and his team were developing partnerships with blockchain platforms and exchanges during Consensus in Hong Kong, though declined to name specifics.