The sport industry is one of the few industries that has managed to garner an awful lot of follower-ship around the world. Today, people follow these sports religiously. They pay to watch their favorite teams and athletes competing. Corporate bodies are not left out, the much interest in the games means there is a large influx of money through sponsorship. Although the industry has reached massive financial heights, there is still the problem of how the money is distributed from players who are the major figures in the game to the fans.

The role of fans has been greatly undermined by their level of involvement in the running of the sport teams. Sport fans would love to be more involved and possible earn something as reward for passion. Another challenge that is facing the sporting world is the problem of intermediary prevalence and market value uncertainty. In addition to the lack of value they bring to the industry, the increase in the number of sports agents affects communication between players, clubs, sponsors, and fans.

The SportX Blockchain technology has provided a solution to these problems. Including the following;

· Transparency and Standard Player Value: blockchain tries to create an ecosystem that is fair, rewarding to everyone, devoid of corruption and efficient. Another major thing it does is to build a market (primary, secondary, and tertiary) of derivative goods that is based on the player qualities such as potentials, abilities, and achievements through its offline marketing capabilities and integration of resources. The SportX blockchain technology is trying to build an ecosystem where there will be a standard system of the expression of player value, and correct prediction of a player’s present and future commercial value.

· Easier Negotiations: the problem of long drawn player negotiations and all the stress that comes with contract negotiations can be prevented with the use of the blockchain technology. A few seasons ago, Real Madrid FC missed out on the golden opportunity to sign one of the best goalkeepers in the world, David Degea from Manchester United FC because they could not lay their hands on a working fax machine right before the transfer window slammed shut. With the use of SportX ecosystem, teams are able to check on the players they wish to buy and acquire their services without breaking a sweat. Players can also be put up for transfers on the secondary market. Every transfer negotiation and player transfer documentation will be handled by the SportX ecosystem making for a much easier way of brokering deals in the sporting world.

· Replacing a Dodgy Governing Body: imagine a sporting world without NFL, FIDE, FIFA, or any of the other so-called sports regulatory bodies. That is, a sporting world devoid of the controversies and corrupt practices that have consistently been associated with the likes of FIFA, NFL, NBA. This is the kind of world that the SportX blockchain ecosystem technology is promising — clear and transparent dealings within the sporting world without fear of corruption from any angle.

Looking at everything the SportX Ecosystem technology can do, it is impossible to not be excited as we stand on the verge of a major and much needed revolution in the sports industry.