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!

Next stop, SXSW and SXSW EDU 2020 … but only if you VOTE UP my Panel Proposals!

You have the power to get my South by Southwest® (SXSW®) panel proposals approved for SXSW 2020 and SXSW EDU 2020. Please, please click on each of the links below to vote, AND be sure to share with your networks so they can do the same. Voting ends on August 23rd.

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