Bridging Sports and Cryptos by DefiSports
As the clock ticks closer to the ICO with Defisports, it is essential to dive deeper into the many aspects of the project such as the fundamentals and what will be achieve through the vision. Which is basically to build an ecosystem that benefits athletes and evolves the current state of the sports industry’s infrastructure. For more in depth information head to our website. (https://defisportscoin.com/).
The DefiSports team is in the process of building a Sports Blockchain to better the future for the world of sports. This can be achieved by developing an infrastructure that supersedes the current centralized model. When successful, it will be better equipped to create a more impartial structure that incentivizes athletes instead of excessively filling the intermediary’s pockets and create an atmosphere of transparency. Some of the primary issues we are focused on resolving though the project is and not limited to poor working climate, compensation gaps, centralization, gender inequitable pay and poor infrastructure for young talent.
The Virtual world of sports is the future. Through the covid-19 crisis, there was complete chaos in the world of business especially in the sports sector. Stadium attendance dropped significantly or went to zero as they closed, parks were closed, fan engagement reduced, hours to visit recreational buildings were limited, fewer people were showing up to work out of fear. All these reasons and more negatively affected the sports industry both directly and indirectly. Therefore, the project is aimed at solving this issue by integrating AR and VR technology. That will enable the viewers to have the same experience as if they were at the game but from the comfort of their homes.
They are too many hands in the cookie Jar. In the centralized infrastructure of paying athletes, there are quite a few intermediaries and such that the payout exchanges hands of. Quite often what happens is that a significant percentage of the payment gets taken as commission. Although not illegal, it is usually without the knowledge of the athlete and it leaves them with a much smaller amount of payment. Through the transparency aspect of decentralization and Blockchain technology, athletes will be able to know clearly where the money is and whos hands are involved. It will bring the whole process to the limelight while also simplifying for all parties involved.
Inequitable pay and poor infrastructure will be a focus for the blockchain as well. Athletes come from all walks of life, all with unique backgrounds and attributes. However, they may face discrimination due to sex, race, location of birth, team staff, and spectators. Despite reporting to the organization in charge, a good portion of the offences are not followed up. As a result, our goal is to tackle this challenge by developing a reporting tool that will have every case taken seriously as well as offer transparency.
DefiSports aims to build an ecosystem on our blockchain that will be an important use case for sports organizations and will be efficient and effective at recording all data and statistics with high accuracy. Therefore, it will remove inconsistent variables such as human errors, minimize corruption and parry abuse of authority.
DefiSports is much more than a Cryptocurrency. The Ideas behind it are a natural and radical step towards a better future for the entire industry of sports. All great changes are proceeded by chaos. Covid has been a perfect reason to start changing for the better.