Faxport(FAS)-Decentralized Platform for Global Sport Business and Funding System


The sports industry is one of the most recognized and dynamic industries in the world. By 2017, studies have shown that the production value of the global sports industry has increased by $ 200 million per year, including sports and fitness industries, sporting goods, sporting events, local sports operators, traditional and intermediate sports. The sports industry also has a sports provider and a comprehensive sports equipment supplier, which is an important participant in the ecosystem, improving and developing the ecosystem of the sports sector. Despite the rapid growth of the sports sector, there are several problems, Such as,
    Commission and maintenance costs are high
    Wrong report
    High exchange commissions
    Lack of trust
    Low levels of information in the sports sector
The solution is done using Faxport. Faxport is a decentralized platform that uses blockchain technology, based on Ethereum’s intellectual development contract. It was created in 2016 to create an economy based on three key benefits of transparency, security and blocking effectiveness, as well as for direct connections of sports investors, service providers and consumers around the world. through a decentralized network to solve problems and challenge the development of the global sports market. The objectives are:
    Restore the relationship of trust
    Establish an interconnected global communication platform for athletes
    Accelerates mobility in the world of sports
    The Lowest in economic costs
The proposed solution
FAXPORT is developing solutions for the sports services sector, creating a global platform based on blockchain ethereum. Through the use of intelligent contract technology for the sports services industry, it uses all commercial sports based on intellectual contracts. Transactions will be safe and transparent in the global sports business ecosystem after the integration of blockchain technology. They have developed a sports image processing platform called FAX GO, where teams can find the right investor. Another suitable application, developed by the team, is the worldwide database of sporting events. Unique data sources, data review systems and data review procedures are part of a system developed by the platform. Data writers are rewarded for their contribution, using the encrypted currency activated by the team. The data is stored in IPFS and in traditional distributed databases. This platform is created by a network of sports professionals worldwide, so there is an exchange of ideas and data. It will act as a social network for sports professionals. Another sport area, which is very difficult and expensive, is a set of talents. They have developed a unique solution for this. Assuming that fitness instructors, coaches and players will be much easier on the platform. Open APIs, interconnection and global storage of sports data is one of the most popular services offered by the platform.
The Mission
Faxport’s goal is to become the most popular and professional sports service platform in the world. Its objective is to create a more transparent and reliable sports economy based on three key security, transparency and block efficiency benefits. Krome Togo, the number of active users of Faxport, has a significant overall impact and radiation, which will lead to Rynku’s fairer and more transparent global sports services.
The size of the global sports market
The sports industry is recognized throughout the world as a 21st century industry, more animated and also very fluid, which crosses, leads and has great potential. In the last decade, the global sports industry has grown at an average annual rate of 5%, which is more than 2.5% of world GDP growth per year and is expected to be one of the four largest global industries. From a global perspective, in areas where sport is strong: in North America, Western Europe, Japan and Korea, the industry has grown to a certain point and has become an important industry. The data shows that by 2017, the production of the world sports industry costs almost 200 million. United States per year. These include competitive sporting events, sports and fitness industries, sporting goods, local operators, intermediaries and traditional sports media. With a different range, the scale of the market is huge.
The Real problems in the sports industry
Confidence problems hinder communication and cooperation
Lack of confidence leads to many problems related to sports and encourages participants, including industrial workers and sports enthusiasts, to distance them from the sports ecosystem. This hidden danger has changed the system of fundamental the values ​​in which sports, physical exercise and industry must be justified.
Data loss and falsification make it difficult to select and distribute talent
The pace of sports globalization has accelerated and communication between sports professionals is becoming more common. However, due to the lack of data in the sports and fraud sectors, sports talent can not be distributed well, which affects the development of the sports industry in general.
An intermediary agent, which is not reliable and must be authenticated, prevents the propagation of a fast sporting event
Currently, the diffusion of sports and commerce still requires a reliable intermediary as support. For example: we bought a pair of shoes and compared them to each other and chose the most feasible platform for the purchase. This platform is a very lucrative intermediary here, but until now it can not handle 100% of the products. The existence of such intermediaries to affirm the need to influence the opinion of the consumer the discourages the rapid diffusion of sport and business.
The Conclusion
Many researchers and philosophers around the world have defined sports as the best education for a person. Humility, discipline, character and team effort are just some of the many qualities that help us integrate our personalities. People who participate in sports tournaments have a permanent goal to develop their full potential. This industry has a large population in the world. For example, only 2.5% of the workforce is employed in the sports sector in the United States, and in the United Kingdom, 2.4% of the total workforce is involved in this sector. Faxport takes advantage of the bockchain decentralization, with a secure and unchanged encryption and a lack of need for organizations from reliable centers, focusing on its use in the core business of commercial databases, commercial networks and the employment of talent. It is a complete ecosystem that aims to solve the problems and problems facing the development of the global sports market. Its objective is to increase the loyalty of the user through the adoption of positive mechanisms for the promotion and resolution of disputes.
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