The GEF has formed the collaboration with the cryptocurrency company in order to establish a pathway for implementing blockchain technologies with the esports community around the world.

A blockchain is a growing list of records, called blocks, that are linked together using cryptography.

The primary use of blockchains is as a ledger for cryptocurrencies such as bitcoin.

However, it can also be utilised in esports.

"We are excited to announce this global partnership with Flare Networks," said Adrian F. Lismore, GEF Board member and Chair of the Finance, Legal and Administration Commission. 

"As one of our core values - innovation - we offer our community boundless opportunities, excitement, and hope.

"Our global community has asked us to lead the way and provide the guidance, framework, and integrity measures appropriate to enhance their trust.

"This global partnership with Flare Networks will help the GEF, our members and partners, light the way for our community to engage with blockchain.

"Congratulations to Flare Networks, co-founder and CEO, Hugo Philion, and team – welcome to our #worldconnected."

Flare Networks says it hopes to unlock powerful new opportunities and experiences for gamers and fans through the partnership.

"We believe wholeheartedly in the mission of the Global Esports Federation to connect the world through esports," said Hugo Philion, chief executive of Flare Networks.

"At Flare, we are committed to building a fair, fast, decentralized, and low carbon footprint network where individuals and communities can take better control of their collective futures and experiences and interact with each other in ways not previously possible.

"Gaming and esports are an area where we think Blockchain has exciting applications.

"Through this fantastic partnership with the GEF, we hope to foster an enriched, democratized and better connected esports community, #UnlockingValue."

The GEF are set to hold the inaugural Global Esports Games from December 17 to 19 in Singapore.