Blockchain technology can destroy football academies throughout Africa and Asia by exploiting the possibilities of bringing direct investments to players for the first time. Furthermore, this technology can stimulate local economies by providing educational facilities in the academies that will be open to community members.
There are prohibitive issues affecting young people in many African countries – in which there are many talented athletes – from earning a living playing football. Modern football is driven by large corporations and multi-billion dollar sponsorship contracts, and these big players are interested in keeping the modern game structures profitable for themselves. This concentration of wealth has neglected a rich source of talent outside of Europe.
A new start called Bitcademy aims to bring players direct investment through blockchain technology with the aim of finding and developing this pool of unused talents and at the same time trying to offer some of the educational opportunities of the most disadvantaged young Africans.
Bitcademy is a blockchain start-up based in Poland and is planning to hold its ICO in the fourth quarter of 2018, and has bravely set its sights on stopping the acquisition of talent in the world's most popular sport. In addition to the plan to build bricks and mortar academies – which will include educational facilities
The company also aims to develop an AI talent prediction algorithm, which will allow investors to follow the development of players, which will allow investors and fans to collect, finance and help create the future stars of the beautiful game.
I spoke with Bitcademy CEO Tomasz Kzrystek about his plans for the project and how they hopefully can change the game for young African footballers.
"Bitcademy is a very unconventional business, combining high technology and blockchain with traditional football academies, and our vision is to have some solid revenue streams that you can add or cut as LEGO blocks depending on the market situation. The main idea is to decentralize football: to allow fans to connect directly with young athletes, to sponsor them, to help them achieve a professional career and to participate in the profit from their contracts. full virtual market solution, completely scalable for other sports, tracking devices to monitor players and AI to predict talents This is combined with brick and mortar academies, so our investors are sure of quality and transparency. the whole ecosystem of possibilities as an offer to other sports organizations. "
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Blockchain technology can destroy football academies throughout Africa and Asia by exploiting the possibilities of bringing direct investments to players for the first time. Furthermore, this technology can stimulate local economies by providing educational facilities in the academies that will be open to community members.
There are prohibitive issues affecting young people in many African countries – in which there are many talented athletes – from earning a living playing football. Modern football is driven by large corporations and multi-billion dollar sponsorship contracts, and these big players are interested in keeping the modern game structures profitable for themselves. This concentration of wealth has neglected a rich source of talent outside of Europe.
A new startup called Bitcademy aims to bring direct investment of players through blockchain technology with the goal of finding and developing this pool of unused talents and at the same time trying to offer some of the educational opportunities of young Africans more disadvantaged.
Bitcademy is a blockchain start-up based in Poland and is planning to hold its ICO in the fourth quarter of 2018, and has bravely set its sights on stopping the acquisition of talent in the world's most popular sport. In addition to the plan to build bricks and mortar academies – which will include educational facilities
The company also aims to develop an AI talent prediction algorithm, which will allow investors to follow the development of players, which will allow investors and fans to collect, finance and help create the future stars of the beautiful game.
I spoke with Bitcademy CEO Tomasz Kzrystek about his plans for the project and how they hopefully can change the game for young African footballers.
"Bitcademy is a very unconventional business, combining high technology and blockchain with traditional football academies. Our vision is to have some solid income streams that you can add or cut as LEGO blocks depending on the market situation." main idea is to decentralize football – allowing football fans to connect directly with young athletes, sponsor them, help them achieve a professional career and participate in the profits deriving from their contracts: on the one hand we are building an entire solution virtual market, completely scalable for other sports, tracking devices to monitor players and artificial intelligence to predict talent.This is combined with brick and mortar academies, so our investors are sure of quality and transparency and creates the whole ecosystem of possibilities as an offer to other sports organizations. "