The world of sports could be highly improved using Blockchain technologies in the tracking of athletes’ performance metrics, anti-doping measures and even as a boost for the engagement of fans. It is extremely important for the key players in the sports industry to keep it in mind that the use of blockchain will be highly regulated in the future, yet it is important for such clubs to start embracing this technology if they want to stay atop of their game.
Softwares that are custom made to enable decentralized donations, detailed sponsorship smart contracts of various types as well as complex investment smart contracts, where an athlete, a club or another sports organization will offer a long-term deal for a share of future income or other revenue stream in exchange for an upfront cash injection. This will enable us to solve a lot of the liquidity issues present in the sports industry today.
Moreover, professional sports today carry high levels of barriers to entry, not just for the athletes but also for small investors. Up-and-coming athletes who are still at the early stages of their professional careers face a lot of issues when it comes to funding, training and participation in global events. The same happens for quite a lot of other sports clubs and organization which face severe financial and liquidity issues. Therefore, this can all be the basis of Blockchain Solutions for creating more value and Blockchain has the potential of opening a lot of doors in terms of creating opportunities for young athletes.
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