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Blockchain: Find the next Mbappé with TalentIDO

Fri 18 Nov 2022 ▪ 11h00 ▪ 10 min read — by La Rédaction Cointribune

Blockchain is full of possibilities that have hardly been explored. When it gets involved in sports, it sparks ideas like TalentIDO. This out of the ordinary digital platform is paving the way for a revolution in the sports industry for talent management. TalentIDO’s approach to recruiting and developing sports talent is Web3-based. As such, the platform is unique in that it stands apart from the traditional athletes recruitment process. To do so, TalentIDO offers its users the opportunity to invest in human success within a decentralized ecosystem. From ordinary fans, you become investors in human success in the most popular sport: soccer. Discover with us this innovative platform that places athletes, these modern-day heroes, at the heart of its universe.

talentido, football, blockchain

Recruitment in the sporting world 

The conventional method for recruiting athletes can be very time consuming and costly. It requires having the right people in the right place at the right time. It’s a complex process that ultimately results in finding athletes with something unique, something original. Therefore, money and luck must be on your side or you will miss the gem.

However, it is not always nearby. So you have to become a globetrotter and travel the world to find talented teenagers on the ground.

As a recruiting professional, be prepared to go to the ends of the earth to find the next Kylian Mbappé! After all, would Zinedine Zidane have become the soccer legend he is today if he hadn’t been noticed by Jean Varraud at the age of 15? Or Ronaldo, noticed even younger by Aurélio Pereira and later by Fergusson? Probably not. 

Despite significant progress in terms of legislation, the talents found by recruiters do not always have it easy. Indeed, athletes are not always aware of their potential or are not well enough informed to understand exactly what they are signing up for.

Between contracts, lawyers and intermediaries of all kinds, it is not easy for a novice athlete to find his way. As a result, they rely on their agents who, at times, can be unscrupulous, with questionable ethics and morals.

The reality is that the process of recruiting new talents remains as complex and opaque as ever. More than that, the market is extremely competitive and only looking for high level players, ignoring talented individuals. This lack of transparency combined with the lack of efficiency usually leaves athletes on the sidelines. And this is exactly the challenge that TalentIDO wants to address.

talentido, blockchain, soccer

New evolution, new revolution using blockchain technology

TalentIDO is just like blockchain technology: disruptive and innovative. It provides solutions to athlete management. Although the industry is worth hundreds of billions of dollars, it is not often the players who benefit from this revenue. They find themselves at the mercy of agents and middlemen.

Hence, the platform’s main objective is to help professional players. By using blockchain, it improves the efficiency of the recruitment process and the verification of players’ information. To do this, TalentIDO relies on five core principles:

Marketplaces ecosystem

In order to allow direct interactions between all users of the platform, several marketplaces will be available, each one dedicated to a different sport. Thus, a marketplace will have its sellers, its players and its buyers.

talentido, blockchain, soccer

Transparency

One of the main goals of TalentIDO is to empower players and clubs by cutting out unnecessary middlemen that can make recruiting fuzzy and obscure.

Decentralization and democratization

Thanks to blockchain, no higher authority manages the ecosystem. Each user is involved in the recruitment process according to their interest. This way, the process is democratized to a level never reached before.

Advertising and aggregation

With different marketplaces, advertising becomes easier by creating synergies and cross-promotion opportunities. 

Token standardization

Token distribution and increasing adoption will help create a larger, more engaged community whose members are bound by the use of the token.

With its tokenized marketplaces, TalentIDO offers an ecosystem where every player’s dream is just a click away in complete transparency. Thus, recruitments and transfers are carried out online by contacts of all the links in the chain. Athletes, agents or other sports professionals will have direct access to information on clubs, sports academies, available positions and tryouts across the globe. You will be able to discover the latest opportunities in sports with TalentIDO.

Here is an explanatory video of this new kind of platform:

TalentIDO, a practical platform

It’s no secret that the sports industry is known to be conservative and rigid. Well, that was before the groundbreaking TalentIDO. The platform relies on its token and sports passport to operate. In addition, TalentIDO has implemented smart contracts that ensure the compliance of all transactions that will be performed on its platform.

The TALENT – or TAL – token

TAL is the token of the TalentIDO platform. It adds value to the network by providing people with a means of exchange within its ecosystem, allowing anyone to earn money by investing in it.

As a result, it is necessary for memberships, the purchase and sale of products and services, and the granting of benefits. In other words, it helps the community to develop.

Tokens offer different functionalities to their holders. For example, they can take the form of rewards for users who participate in the platform’s activity through reviews, recommendations and content contributions.

In addition, sports clubs and recruiters will need TALs to access marketplaces to use Fieldoo’s platform services, such as talent acquisition, registration for various opportunities, and networking fees. 

About Fieldoo: it is a soccer marketplace that is already operational. It has over 350,000 soccer players as members to date.

Furthermore, the token will be based on the ERC20 standard with a BEP-20 smart contract. 8 billion TALs will be issued. The distribution of these tokens is as follows:

Sport passport

However, the real star of the marketplace is the sport passport. These passports are relatively simple smart contracts that don’t require much technical knowledge to create. They can be compared to digital resumes for athletes that can be shared on the platform.

The passport includes all the information of a player in 3 categories:

  • personal information: age, nationality, physical characteristics 
  • general information on accomplishments: club history, career development, matches, number of minutes played, wins, losses
  • video information and social performance factors: match videos, performance analysis, presence on social networks. All this allows to determine the economic value for the potential investor.

All these data can be stored securely on the blockchain and can only be accessed by the people the athlete decides to share their profile with (like recruiters, clubs, associations…). This is a win-win situation where the interests of the players are safeguarded while the recruiters are assured that the data is verified.

It’s a gain of resources in recruiting since the scouts will no longer have to travel the world to find the next Ronaldo. Instead, they can browse the platform and only move when a player catches their eye.

Likewise, offers can be made through the platform. All the details of the contract will then be laid out for all parties. This also puts the player in control of the process, allowing them to be fully aware of what they are committing to.

They can sign their contract digitally on TalentIDO if they are satisfied with the offer. This will automatically be recorded in the sport passport.  

To conclude

The industry being a step behind in terms of technology, TalentIDO is writing a future where sports management is decentralized. To this end, the platform offers the perfect blend of sports and blockchain. The tokenization of sports is ushering in a new era for the industry and TalentIDO is the torchbearer. By pursuing the mission of empowering players, it is revolutionizing talent recruitment by putting it on a sounder footing.

The blockchain, in particular smart contracts, allows everyone involved to have an equivalent level of information. This has the advantage of giving everyone a clearer view of the recruitment process. TalentIDO is a win-win solution for all parties: young players are more likely to be noticed, sports recruiters have a better chance of finding new talent, and clubs can cut unnecessary costs. Investors also benefit from the profits made on the platform. So whether you are a sports fan or not, don’t miss this opportunity to invest differently in sports, join TalentIDO.

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La Rédaction Cointribune

L'équipe éditoriale de Cointribune unit ses voix pour s’exprimer sur des thématiques propres aux cryptomonnaies, à l'investissement, au métaverse et aux NFT, tout en s’efforçant de répondre au mieux à vos interrogations.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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