#allsportsmarket

[castingfortwo]

Zack Ward

For episode 253 Actor/Entrepreneur Zack Ward stops by. Things talked about in this episode are snap pop, finding acting, being a child actor, setting a work ethic, his entrepreneurial side, what is the AllSportsMarket Global Sports Financial Exchange? Getting the sports team on board. If you would like to check out AllsportsMarket then head on over allsportsmarket.com

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[imarticuslearning]

Fintech Goes Sporting With The Launch of Global Sports Financial Exchange!

The 21st-century fintech revolution has initiated massive changes in some of the most important tangible sectors of human life such as banking shopping, healthcare, and agriculture, to name a few. With the launch of the Global Sports Financial Exchange (GSFE), however, the fintech revolution has empowered a new domain in the form the sports industry. 

Started by two friends - the Canadian actor Zack War and former NHL player Bernie Nicholls - the GSFE, managed under the name of AllSportsMarket, is designed to be a financial exchange bureau for all sports team in the United States of America.

Background

The Global Sports Financial Exchange is intended to work just like any other financial securities exchange market - one can buy stocks of teams as and when they wish. If their team wins, they get a dividend, if their team loses, the stock price of their team goes down. 

One can build a diverse portfolio of “stocks”, wherein they can have different percentages of different teams. The stock prices are determined on the basis of factors like performance in leagues, draft picks and trades between the teams. GSFE will also potentially make use of blockchain technology, integration of various application interfaces as well as real-time changes in order to facilitate the stock exchange.

Teams belonging to the four major American sporting leagues - National Football League (NFL), National Hockey League (NHL), National Basketball Association (NBA) and Major League Baseball (MLB) - can currently be traded on the platform. 

Trading can be done in two modes - learning mode, where no real money is used, and currency mode, were actual currency can be used to buy and sell stocks of desired teams. The GSFE has collaborated with the Securities Exchange Commission to ensure that the Exchange is under proper financial regulation.

GSFE’s Mission

According to the founders, their goals are threefold - to mix sports, money and public interest; to launch a new sports economy which unites sports and money for social benefit; and to promote financial literacy amongst sports fans, especially the younger ones. 

GSFE is essentially taking the society’s interest in sports and their need to as personal experience sports as they can, which is evidenced by their participation in fantasy leagues of their preferred sports - and combining it with financial technology. 

This will force users to interact with and understand the governing mechanisms of financial technologies such as blockchain, management of digital identities and data analysis. The better they understand these trends, the more successful they will be at managing their portfolios on GSFE.

What this means for the future of Fintech?

Such exposure to fintech is beneficial for the future of the sector as it provides us with financially literate citizens. Given that such citizens will know the premises of fintech, they will be better equipped to push for smart regulations over sensitive and potentially harming financial technology, and they will be less afraid of embracing the technology in order to better harness its potential. 

At Imarticus Learning, we believe that we can facilitate the understanding of financial technology through a concentrated learning approach in the form of a fast track Fintech course which combines various elements and modes of instruction. 

As the fintech revolution continues to encompass more and more domains, we believe that we can provide the necessary fintech education to equip the future generation with the best possible tools of understanding the financial revolution aided by technology.