Decentralizing The Sporting Sector Via Blockchain And Globatalent Platform

ebykamsiokoro (40)in #sports • 6 years ago (edited)

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Introduction

If you are a sport enthusiast, you’ll certainly be interested in knowing how clubs gets their finance, the players in the club, the management and watch them play.
Every sports lover will agree that regardless of the class, the sports industry is rather unique as the emotional states are discarded and fans celebrate with their clubsides during winning moments. This is a feature that is atypical of other industries.

However, it is pitiable that most clubs and athletes never get to attain their sporting aims owing to lack of finance, and this must be reversed. It is jarring to think that finances will be constraining young minds from emerging, thus creating the need finance sports industry.

Globatalent is fully convinced about a disaggregated world and wishes to replicate the sane thing in the sports industry.

The Globatalent Platform

This is a disaggregated trading point where investors and fans can fund clubs or players and get their compensations through the purchase and sale of future benefits secured by image rights, player loaning, wages, television deals or other revenue income.
Fans from any part of the globe can invest in clubs and athletes and be tied to the future incomes that could be raised by the clubs and players. Globatalent forums seeks to cut back the overhead cost of signing new player which will not work under investment funds terms.

Young athletes will have the privilege of getting to know their fans and receive financial aid to keep furthering their prospects. It will lead to better bonds among fans and their choice sport stars and clubs.

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The platform will assist the worldwide sports community in getting financial aid to execute their activities, foster a healthy lifestyle and disenable third parties from cheating clubs and athletes with financial demands.
Globatalent Platform is an open blockchain network that will oversee and advocate for an equitable sports industry to foster values such as sacrifice, dedication, fair-play, keeping effort, focus, discipline, moderation and sincerity.

Architectural SetUp of Globatalent

Ethereum offers an efficient technical support upon which the Globatalent platform is hosted, because it features an ecosystem of disaggregated applications which can be seamlessly parsed with by Globatalent.

Globatalent tokens are separated into blockchain Ethereum network, where Globatalent is executed and all tokens are produced with all of their features. By then, the tokens are still present as an address in the Ethereum network and will encompass certain applications that can be called to use.

The first layer is dedicated to exchange. Immediately the tokens are mined, it is forwarded to a different Globatalent ERC20 type that will handle the sharing of the Tokens with the exchange as a basis. GlobaPlayer which is a custom token for every athlete that comes into Globatalent will be developed with regards to the real token, except for the name change.
The GlobaPlayer token is so versatile that it can be bought in either of private or public trade where it can be exchanged for fiat money and equally with several cryptocurrencies.

The second layer, the layer of integration, comprises of APIs and Libraries that will have the role of middlemen between the lower tier of exchange and the upper tier of Application making use of communication protocols and calls to diverse intermediaries smart contract.

The last layer is the Application which comprises of a number of tools and utilities that can enable the athletes to operate on their own with the Tokens. It could be a Wallet that can be used on customizing the usage choices to get details about the tokens.

Globatalent Tokens

Globatalent token, GBT is an ERC20 type token that will be used for all operations in the ecosystem. The private presale was before the public on 18th June, 2018. The soft cap is USD 35,000,0000 and the price per dollar is USD 0.07.
The tokens will be shared at the close of the token launch.

Conclusion

Globatalent is a platform that seeks to solve the financing issues for star athletes who are struggling with funding stars to bring them into limelight. It uses blockchain technology and makes capital available by allowing participants to pay for the devices they’re enjoying.

The Globatalent Team

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