GLOBATALENT: A DECENTRALIZED BLOCKCHAIN FOR ALL SPORTS LOVERS

Sports - an energy and skill exerting physical activity carried out by one or group of individuals competing against each other to win or for fun. Sports has been around to a very long time, dating back to at least 3000 years when Ancient Greece organized the first Olympic games including wrestling, javelin throwing, chariot and human racing, jumping. More sports have evolved since then, now we have baseball, basketball, paintball, cricket, football, golf, hockey, ice skating, skiing, swimming, tennis, volleyball, etc. Almost everyone is involved in sports one way or the other either as a hobby or profession. We love sports, whether by participation or watching as a fan.

What are the challenges seen in sports today?

A centralized system that prevents lovers of sports from having an opportunity to interact with their idols. Middlemen also control the system, the athletes sometimes have no idea of the exact amount they earn, they only take what they are been told, thus, the system lacks transparency.
Many promising and talented fans with dreams of being a sport players cannot not realize their dream because of lack of funds and sponsorships.
Fans that pay a lot to view games especially live, apart from enjoying what they love, have no incentives.

There is a need for sports to be decentralized for both players and fans to benefit accordingly and Globatalent powered by Blockchain and Smart contracts technology offers this solution.

What is GLOBATALENT?

Globatalent is a decentralized blockchain platform aimed at getting fans, clubs and athletes to generate funds by investing for some of their future earnings, using smart contracts to enable fast transactions.

How it works?

Summary of the above illustration
When a club or an athlete registers with Globatalent and invests for some of their future income rights, the amount received is tokenized into GLOBAPLAYER TOKENS, ERC-20 based. Any community interested in the athlete's tokens can purchase it with an agreement to get a particular percentage from his future earnings. Whatever the player earns, it is distributed accordingly to him and his supporters with the help of smart contracts. This way, the fans will also have a link and some rights to their idol.

Benefits of GLOBATALENT to Athletes, Clubs and Fans

Fans will have some rights over their athletes.
Fans can buy and sell tokens without fear of fraud.
New and old athletes can benefit from the Globatalent platform.
Athletes will gain a bigger community of fans.
Athletes can now know exactly what they earn.
Clubs can generate revenue to grow their team and also gain more supporters.
Fans with interests of being athletes can be realized.
Globatalent eliminates middlemen to enhance interaction between fans and athletes.

Globatalent Tokens
There are two types of tokens issued by Globatalent. Globatalent tokens (GBT), the primary token used in the platform and the token generated when a club or an athlete has been tokenized. The tokens will be made available on the Globatalent decentralized exchange for fans to purchase.

In conclusion, sports needs a change and Globatalent provides decentralization. Globatalent is supported by star sport players and clubs who understand the vision and wants to help in making it a reality.

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