The blockchain technology is systematically bringing a facelift to our everyday life. These innovative ideas are not left out in the sports/betting industry. As the industry has been surged with innovative technological advancements over the years and in time past.
The Sports betting industry has grown tremendously over the past decades.This exceptional growth can be attributed to the large population especially
the number of youths, increased access to digital telephones, successful internet
penetration and increased access to internet-enabled devices which includes,
telephones, ipads and other portable devices.
This growth has been so phenomenal. The developments of sports are being supported tremendously by the online betting industry.
As the sports betting industry has grown astronomically in the last decades and has been projecting a steady growth in the industry, one may assume the industry is without flaws. However, the emergence of the Bitgoals industry brings a lot in solution to the sport ecosystem. Below are obvious flaws in the sporting industry and how BITGOALS intend to solve.
WHAT IS BITGOALS?
BITGOALS is a sporting platform which is powered by blockchain technology. BITGOALS uses the potentials of smart contracts to REVOLUTIONIZE the global sport and bet market place through a credible, reliable and autonomous transactions.
PROBLEMS/CHALLENGES IN THE SPORTS/BETTING INDUSTRY
- TRUST: The issue of trust has been a big problem in the sport industry. The major players in the industry solely rely on the authorities for trust.
*HIGH COST OF TRANSACTION: The Sports industry has recorded high cost of transactions made in the industry.
LIMITS IN AMOUNTS USED FOR BETTING: This is another problem facing the sport betting industry. Players being limited to the amounts used for betting often limit the amount of betting a player can make in a period of time. This obviously can not in any way help the ecosystem.
DELAYED PAYOUTS: The delay in payouts is quite alarming. Often times, players payments gets delayed by the system due to one or more reasons in system congestions.
BITGOALS LASTING SOLUTIONS ENSURED.
However, to оvеrсоmе these challenges, Bitgоаlѕ then unleashes a system whiсh саtеrѕ
fоr аnd bringѕ together all rоlе рlауеrѕ in the induѕtrу, who саn
со-еxiѕt in unison аnd ѕhаrе rеvеnuеѕ. BITGOALS brings a platform that provides аn есоѕуѕtеm thаt iѕ:
Trаnѕраrеnt
Truѕtwоrthу, as it allows реорlе tо take part in sports
activities administered by cryptographically vеrifiаblе соdе.Controls and ensures unlimited payouts.
An ecosystem without limit to amounts used for betting.
Reducing the cost of transactions to bearest minimum. Etc.
In conclusion, BITGOAL'S innovations to disrupt the sports industry through using the blockchain technology as a major tool would definitely bring a facelift in the sports industry. A share of this opportunity would definitely bring a fortune.
ROADMAP
MEET THE TEAM
For more information, below are some useful links:
Website: https://bitgoals.com
Whitepaper:https://bitgoals.com/wp-content/uploads/2018/06/Bitgoals_WP_3.pdf
Facebook: https://www.facebook.com/BitGoalsSTP
Lightpaper:https://bitgoals.com/wp-content/uploads/2018/06/BitgoalsOP_3.pdf
ANN thread: https://bitcointalk.org/index.php?topic=4447485.0
Twitter:https://twitter.com/BitGoals
Author: Lilian
Bitcointalk username:Lilianj
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2178566;sa=summary
ETH wallet: 0x723797E556EAFCaCA938F83f5B3A97358Ae418B5