What is the key thing that makes Blockchain so unique to deal with data transactions?
Blockchain provides an unprecedented level of transparency for transactions: you don’t need to rely on a middleman to make sure that a certain transaction took place and was processed correctly.
Without the middle man, you have a decentralized system that makes crowdfunding easier. This applies to all Athletes in any sport. Specially young Athletes.
How will it work?
Young Athletes will be able to boost their careers in a couple fo ways. By collecting all their data into a decentralized blockchain system, and by getting public support to grow their professionalism. Essentially when an Athlete is young (amateur) the hardest thing is to collect the data to grow physically and to find the funds to grow professionally.
Young athlete has lots of expenses and very modest funding (if any) to cover them. Until the age of 10, the now famous Diego Maradona could not afford to buy soccer shoes nor a soccer ball and had to use a ball made of socks. He succeeded despite this, but there are lots of young talents who are not so lucky.
How different will it be if data collection and fund raising for Athletes is completely transparent by the use of Blockchain.
What does this means?
Our approach will revolutionize the talent management system by using Blockchain to decentralize it and facilitate support for young Athletes, this support will come from the data and funds collections, then share the value with the community.
What is the approach?
You will support an Athlete by buying points towards the Athlete's career. You do not do this blindly, you are able to see all the athlete's data points that we have collected. The beauty about blockchain is that it is completely in the clear and for everyone to see. This points can then be redeemed to get a share of Athlete's income, endorsements at a significant discount, training time, merchandise, tickets to events, and other goodies. Our proprietary approach will change how we see and interact with the Athletes. More important EVERYONE benefits. Specially the Athletes.
The more funding young athletes get, the more chances they have to improve their skills by gaining access to better equipment, a more qualified coach, a sports academy, and being able to travel to tournaments. This boosts their careers, enables them to get to a new level of professionalism, and face higher-ranked opponents.
Traditional talent management agencies don't have resources to find and fund a lucky few, the decentralized Blockchain model makes it possible to raise more money and back more athletes.
More on the approach
Athletes will be considered and view more like features in the stock market, every athlete will issue her or his own cryptocurrency points, which will be listed on a special Blockchain points market. The price of the points will increase as the athlete makes progress.
There will be lots of factors influencing the Blockchain points price: a lucrative deal with a big brand will cause it to skyrocket, while a massive loss to a weaker opponent will make the Blockchain points slump. In addition to success in Athletics, there will be other ways for athletes to enhance their value, including a strong social media presence, charitable initiatives, sponsorship contracts, and licensing their name to a brand.
More on the Approach
Blockchain points will fuel the same interest in Athletics that bitcoins and other cryptocurrencies have received, lots of people who previously had no interest in blockchain are following the news on the development of the technology because of bitcoins. Once people realize that there is some kind of profit to be gained, the industry is bound to attract a new audience.
The same thing is going to happen to athletics: as the sports cryptocurrency market gets bigger, there will be more and more people willing to invest. They will want to invest wisely, so they will follow sports news to get insights and predict cryptocurrency value fluctuations. Instead of the Financial Times, people will be looking through sports media and watching big events. The point exchange rate will go up or down when there is news or even gossip about a new contract, a trauma, a marriage or a breakup with a celebrity, retirement, you name it. The growing audience will further boost the sports market.
If athletes are listed on the market, their revenues will be disclosed, and all the data on their prize money, endorsement contracts and other sources of revenue will be made available. Thus, anyone will be able to see how much money there is in a certain sport. Popular sports with a huge fan base (tennis, football, hockey, basketball) will see more demand, both from fans and from speculators.
It looks like sports will be even more exciting to watch in a decade. In addition to the usual elation when your favorite player wins, you’ll feel the satisfaction of knowing that your freshly purchased coins just went up.