Mission

Revolutionize the sports industry by combining it with the potential of blockchain technology to enable a new economic paradigm rooted in the bio-mechanical nature of human performance.

The Mission of Blockchain Sports mission is multi-faceted and applicable to every type of entity involved in the Sport industry's Supply Chain. We solve for the subtle shortcomings prevalent in organizations such as data providers and leagues, we solve the not-so-subtle inefficiencies that plague Athletes, and of course, we solve for the less than optimal user experience of fans.

Problem Statement

Locked behind the walled gardens of private enterprise, massive value has been generated in the Sports Industry throughout history. These private ventures have left the public on the sidelines; never giving them a chance to participate in the economic upside of the generated value. *(there are some edge case experiments with “some kind of team ownership” but nothing concretely part of the market itself). These private ventures have kept the data opaque and the businesses largely inaccessible to outsiders. These private ventures have politicized the industry, creating an environment that is hostile to newcomers and excessively burdensome on existing participants.

No industry without fault, and no individual is to blame; however, the issues prevalent in Sports have a unique profile that blockchain technology is ideal for resolving.

BCSports intends to foster a transformation in this industry by shifting market structures through novel vectors that would have never been possible without blockchain and empowering the public with tools to participate in these new markets.

For more information about the Sport industry as a whole, the state of technology, and how BCSports is thinking about its approach; please refer to the Though Leadership section of this document.

Thus, the Blockchain Sport Mission exists in three distinct components based on the market actors being impacted: Fans, Athletes, and Legacy Organizations.

Fan Mission

Traditionally, investing in skilled/talented athletes has been a luxury exclusively limited to Sport Teams that are recruiting players and exclusive groups of industry insiders (that have some connection to the Sport Teams).

The real patriots and supporters of skilled players had no way of being directly involved in the development of their careers, nor had could they extrapolate any of the upside benefits themselves for helping sustain the athletes.

What if, there was some way to disintermediate these structures; some way to allow direct relationships between fans and athletes? What if we could allow passive consumers of the content to become active co-owners of it?

Well; with the power of tokenization and decentralization, there is a way that we can!

Athlete Mission

Some of the most talented athletes on this planet are those that we have never seen before.

Many incredibly talented people were unable to achieve the glorious successes commonly associated with being a professional athlete because they lack the resources to do so; they had to make tradeoffs in order to build a sustainable life for themselves.

As an athlete, the consistent, aggressive training, meticulous dieting, and strong social disciplines take a physical toll on the individual and demand extreme psychological devotion. The commitments that athletes make in pursuit of excellence require sacrifices and sustenance.

The BCSports tokenization platform equalizes the surface area of opportunity for athletes of all backgrounds. Whether those at the earliest stages in their journey, who do not yet possess the financial or social capital or those who have already built an established professional reputations, the Blockchain Sports Web3 product suite can help facilitate new opportunities.

Legacy Organization Mission

As is with the case of any industry; there are many different types of organizations within Sports. Regardless of whether they are in the stage of being mature multi-nationals or total grassroots startups; Blockchain Sports has honed its mission around three major types; data providers, media companies, and leagues.

Data Providers (1)

Data within the Sports industry has been guarded behind the closed doors of enterprise and made inaccessible through policy decisions. Every independent party has its own alignments, affiliations, and intentions. In turn, there has historically not been a credible neutral entity providing Sport Data to the public. This created a conflicting situation for early-stage sports companies that were forced to rely on and be at the whim of data providers, as well as, consumers involved in those applications. Using the BCSport platform entrepreneurs can build permissionless products which operate 24 hours a day, 7 days a week, 365 days a year. From on-chain Sportsbooks, where the source data lives locally (providing low retrieval costs with high guarantees) to Ticketing agencies, Fantasy Leagues, and beyond.

Data Providers (2)

Hosting, managing, being responsible for, and compliant with their data is a monstrous burden in terms of capital and talent. Being able to increase the redundancy of their data while retaining provenance and collecting fees based on the economic value of their data to the network will allow existing providers to offload their databases, streamline management, earn for their data being used, and potentially lower operational expenses.

Media Companies

Modern day Media Networks suffer from the political intrigues of private parties and regulations around data. With limitations on their "free speech", many of them have had their reputations permanently tarnished in the public's perception for their less than honest behavior. By plugging into and sourcing their content from the decentralized BCSports network, new companies that do not have to fear being censored, can rehabilitate the credibility of news providers.

Leagues

Establishing an athletic league that intends to compete on the international stage against all of the leading teams is simply impossible. Existing mega-corps in the sport world have confabulated their own doctrines and forced them onto the industry. They have created an environment where those that are in stay in and newcomer competition is not allowed. In addition to the arbitrary laws invented by random people that are holding back competition, there is the dilemma of sourcing talent. Where can talented athletes be discovered if the legacy organizations are constantly taking them?

By becoming a part of the BCSports Ecosystem, leagues will have a platform to build new laws for sports; transparent ones rooted in the opinions of the consumers and participants. A platform to gain access to athletic talent in the early stages of their growth

The impacts of the technologies provided by BCSports spans beyond the three organizational archetypes mentioned above; academies can expand their presence and invite more athletes. Equipment manufacturers can use the blockchain itself as a tool for quality assurance of their supply-chains. The list of enhanced operational opportunities are endless, for those that know where to look... With BCSports, everybody will be able to look at, reference, and trust the same source.