PROFISH - BRINGING BLOCKCHAIN INTO THE SPORT FISHING INDUSTRY

November 07, 2018

The beauty of blockchain technology is that it can be applied in almost all work of lives, this distributed ledger protocol is pro business with the ability to keep verifiable records, decentralized payment system and give control back to its users' without the need of third party control.

Many blockchain projects are springing up daily in many fields of life ranging from sport betting, insurance, sharing economy, decentralized banking, decentralized e-commerce, decentralized freelance marketplace, decentralized video sharing platform and many more, but since I have been reviewing and researching many projects I have never come across a project that is working to decentralized Sportfishing and among many other things, this what make this project that am sharing today more exceptional, they are taking a leading role in distrupting this multbillion Sportfishing industry.

Before I continue, I need to let my readers know that Sportfishing is a multi billion dollar yearly recreational sport. In US alone, over 60 million Americans spend an estimated $46 billion a year on recreational fishing yearly, it has a total economic of impact $115 billion in the US alone, when you include fishing expenses lodging, transportation and other expenses related to sport fishing. The US accounts for about 45% of global sport fishing revenue; other popular recreational fishing destinations include Japan, South America, Australia, South Africa, and Scandinavia. Sport Fishing is increasing in revenue at about 3.5% per year worldwide, according to the study.

With my explanation above, am sure all my readers now agree with me that this an industry that can be distrupt with blockchain technology for more efficiency and this is where ProFish comes in. ProFish is the first organization of its kind, in a completely untapped market. The ProFish, FISH token is able to bring a new kind of business sense, and a bright new change to the sport fishing community; FISH is for anglers.

The platform has a tradable utility token on Ethereum blockchain which is use paying for services in the platform, it provides a trilateral approach to use case services that are beneficial to fishermen, retailers, and vendors alike, all around the world. ProFish provides three main services, upon a decentralized platform that is self sustaining.

FISH Token Services

Online Tournaments- Online Tournaments are not a new concept- they have proven track record in the sport fishing industry. Many sport fishers are already familiar with how online tournaments work. ProFish tournaments however, will have the added benefits of low transaction fees, verifiable blockchain transactions, and the secure Ethereum network to bolster its capabilities.

Online Tournament winners are rewarded in FISH token, and announced on the ProFish community page. The community web page has social media capabilities similar to that of Facebook- users can add friends, create groups, write on each other’s walls, and share their catches via Profish website.

Online Marketplaces: The ProFish online marketplace allows vendors, retailers, and fishermen to exchange goods and services using FISH tokens and/or Ethereum. Community Members will also be able to use this feature like an online swap meet, to sell used or custom equipment .Payments will be integrated directly into the community store.

Reward Systems: Rewards programs are very common in sport fishing- nearly all major retailers offer their own rewards programs. All too often, customers will acquire points, virtual gift cards, or samples- that are only tied to a specific retailer, product, or offer. They always expire with time, and usually the customer is left with an unusable small balance, like $.67.

The usage of ProFish services (such as the Online Marketplace or the Tournaments) both increase the ease of shopping and encourages the active use of sport fishing products. Fishing tournaments are not easy to measure directly in sales, but easy to measure in excitement. FISH aims to get anglers out there, to enjoy their passion. The token is trading on Mercatox already.