Zynerji wrote: ↑
Sun Oct 02, 2022 4:59 am
Teams will spend on development to win, as it gives them a temporary advantage. It would take weeks to see something at an event, study it, and incorporate the concept into your design. It would just be a yearly tightening of the field as the designs converge instead of instant parts transfer. You would probably start with a "basic" engine design from Cosworth, and include the changes made by the teams in the chain from there.
Who would buy the data? Boeing and Lockheed would buy aero data, journos would buy cfd/cad data for technical content, consumers could buy merchandise as well as access to footage/media of the teams. And dont forget, the teams still keep their sponsors. The chain could even monetize licensing of the data-based technology to non-F1 OEM auto makers. This alone could drive the purse into multi-billions.
It would be open source (but Privately operated) as it would be an Ethereum-type (virtual machine) blockchain that the teams would tokenize the design of each part with its supporting data, mint it to the chain, and then submit it for scrutineering. Fans could then install a mining app on their phones/PCs that would mine the chain (virtual CPU) and can process CFD/FEA cases. Fans then earn merch tokens to get stuff like hats or event tickets for supporting the cycles.
Then it really becomes a user interface design that the teams can analyze, journos can self-pleasure over, and fans can plug into.
Someone will eventually harness the power of these chains for more than "coins". The true power is trusted compliance with full accounting and a virtual CPU. They could also run the spending budgets through there for FIA access.
The sport becomes cheaper, faster, and the competition loses its subjective influences. The purse gets bigger with the quality of content provided by the teams. Converged, thrilling races bring more sponsorship as viewership increases. More viewers means more blockchain miners.
As I say at work, if it's a full circle, it will roll downhill!