The Dinwiddie Debate: Will blockchain lead to a tokenized future that unlocks new revenue opps for athletes?

By Tonya M. Evans (Nov. 6, 2019)

In September 2019, Brooklyn Nets guard Spencer Dinwiddie announced his plan to convert his employment contract into a tradable financial asset. The Atlantic first broke the story on September 12, 2019.

Market’s Insider reported:

Dinwiddie will securitize his NBA contract as a digital token, sources told The Athletic. The extension would bring him more than $34 million over a three-year period, but sales of the digital token would allow him to raise a significant portion of that sum upfront.

Sports Illustrated legal analyst and UNH Franklin Pierce School of Law Professor Mike McCann, wrote an in-depth article about Dinwiddie’s move to tokenize his contract and transform it into an investment contract represented by cryptographically-secured security tokens.

McCann aptly notes the” details of Dinwiddie’s idea are intricate and rely on terminology unfamiliar to many, explaining further that, “[t]he larger picture centers on a much more relatable concept: athletes identifying new ways to maximize their earnings during relatively short and one-injury-away-from-abruptly-ending careers.”

I added my thoughts about Dinwiddie’s application of Web 3.0 technology to a familiar desire of professional athletes to create multiple revenue streams that outlast the short span of their earning potential in the pros:

Read the full article here

We know what the NBA said. Hard pass. But what do you think? Are tokenized investment contracts for professional athletes a NO or a GO?

Evans presents What Every CIO Should Know about Blockchain at the IBM Cloud Forum

Forward-thinking CIOs attend the IBM Cloud and Innovation Forum to keep their fingers on the pulse of the future. An essential part of a chief information officer’s duties includes researching new technologies, developing strategies about how technology can provide business value and addressing the risks associated with digital information. TechTarget

That is what I will focus on in this presentation, empowering C Suite executives to educate, engage and evolve in order to remain on the leading edge of industry. Today we focus on three areas: smart contracts, the state, federal and global legislative and regulatory landscape, and intellectual property issues in blockchain.

Blockchain education is at the heart of mass adoption and implementation. That is also the focus of the UNH Law Blockchain, Cryptocurrency & Law Online Professional Certificate I developed and lead. We played a snippet of this video during the presentation.

Watch the full video now!

Evans talks branded coins and the next wave of #blockchainedu & #innovation at #VoiceofBlockchain

CompetitiveStable

I am excited to return to the second annual Voice of Blockchain Conference, touted as the only blockchain conference to bring a no-pitch event connecting the blockchain ecosystem VoB consists of three tracks of content: Corporate and Enterprise, Digital Assets and Markets, and Impact and Innovation.

Monday, September 30th at 10:55 AM (Main Stage)

Stablecoins

Competitive Analysis of Stablecoins, with my co-panelist Nik Tchouparaov (CEO, Moneyfold Ltd), is moderated by the dynamic Alexandra Pordromos (Chicago Blockchain Center). We will explore what stablecoins are and how the definition has changed over time, as the space has matured. We will share our thoughts about some of the most exciting use cases for stablecoins and critique the impact and future of “corporate coins” like Libra, Walmart, for example, and fiat-alternative stablecoins like JP Morgan’s JPMCoin, Wells Fargo’s new dollar-pegged coin pilot for ‘better, faster, cheaper’ cross-border settlement within its system.

[CB Insights Report on Stablecoins]

Of course, we cannot help but discuss whether the Libra hearings had a positive or negative effect on the crypto ecosystem and some hurdles to mainstream adoption and proliferation of stablecoins.

The Future of Innovation

In my second panel, Preparing for the Next Wave of Innovation we will discuss whether the future of blockchain is the future of all technology. This discussion will examine the changes in funding structures, innovation, and the evolution of how society organizes itself. From enterprise to decentralized ecosystems, we will discuss how blockchain is likely to evolve to become a part our everyday life and what is needed to get there. I will focus on the impact of blockchain and crypto on education, especially higher ed, and the impact of education on blockchain and crypto.

[VoB 2019 Agenda]