Introduction
The sports industry is often different from other industries given the way the activities connect with the players and Bfans of the industry. This industry sets the emotions of the fans free while provoking vibrant moments. Like other industries, the sports industry needs good financing to survive and for players and participants to succeed. The industry as we know it needs to be enhanced to secure the future of the numerous clubs and sports players.
Blockchain is one technology that will bring the reforms and enhancement needed in the sports industry. Globatalent is created with a vision to bring a blockchain decentralized platform that will create an ease of investment for all and sundry into the industry thereby bringing the financial resources needed for the success of the different clubs and individuals out there.
Sporting Challenges
Sports clubs and individuals have some ways of acquiring financial support. Some of the avenues include TV right, ticketing, prize money, sponsoring and hospitality among other minor ways. A lot of athletes and clubs have fizzled out today due to the fact that their cash flow is unable to satisfy their financial commitments like huge salaries and huge interest paid to previous hedge funds.
The lenders of these hedge funds and investors charge the clubs a high interest while also taking about 30% of the players right. The actions of these hedge lenders influence the decisions of the clubs over the players.
Sponsoring rights and transfer right as well as other minor rights are monopolized by a few companies and agencies making the system to be centralized. The birthplace and conditions of an individual influence the success of the person in the current centralized system thereby preventing some talented players from achieving their goals.
Fans are limited to only supporting and admiring their sports models without having any other right and control over the turn of events in the system.
Globatalent Project Solution
Globatalent is providing a decentralized sports marketplace based on the blockchain technology that will usher in a transparent marketplace of sports clubs and athletes. The platform will ensure that every talented individual will be able to access sports financing without the risk of having an everlasting mortgage on their live.
Globatalent will use blockchain smart contracts to democratize the sports industry and give fans the opportunity to invest and earn from their investments. Through the smart contracts players and clubs will have an interface where they can upload their profiles, achievements and plans for consideration by investors.
Token Information
The token of the Globatalent marketplace is the GBT which is an Ethereum based token in the ERC20 standard. The token will allow participants to contribute to the building of a sports blockchain ecosystem. The token will be used in the marketplace for exchanges.
Conclusion
The Globatalent platform as a marketplace for sports based on tokens will decentralized the sports industry and bring changes that will encourage all talents to achieve their goals. The system will benefits clubs and at the same time give fans the opportunity to invest in their favourite sports club and models.
For more information here are some relevant links
Website
http://www.globatalent.com/
ANN Thread
https://bitcointalk.org/index.php?topic=2654545
Whitepaper
https://globatalent.com/whitepaper/
Telegram
https://t.me/globatalent
Pre- ICO
https://globatalent.com/pre-sale/
Writer's BTT profile link
https://bitcointalk.org/index.php?action=profile;u=2047938;sa=summary