Blockchain Is a New Playground for The Sports Industry

Blockchain Is a New Playground for The Sports Industry


sport on blockchian

We believe that every promising athlete deserves the opportunity to pursue their professional career and every small investor should be able to back an athlete they believe in. Unfortunately, professional sport today has a high barrier to entry; for both the athlete and small investor. Especially up-and-coming athletes at the outset of their professional careers face many issues related to funding their training and participation in events across the globe. While many sports clubs and sports organizations deal with severe financial and liquidity issues.

With the emergence of blockchain and cryptocurrencies, many industries including the Sports Industry tried to test the technology to see if they could incorporate the benefits into their game plan. Some of the biggest concerns are the funding of teams and athletes. Additionally, the increasing gap between the professional athlete’s wages, the cost of the tickets, concessions and sports apparel to the supporting audience. The demand for transparency and proper distribution of funding is obvious to the industry.

Sportcash One will remove these barriers and consequently change financing in the sports industry by deploying a blockchain-based crowdfunding platform, serving athletes, clubs, and other sports organizations in raising the funds required to achieve athletic success.

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