The sports industry is globally recognized as the industry that lives the most in the 21st century, and is very fluid, intersecting, walking, and has great potential. Over the last decade, the global sporting industry has grown by an average of 5% per year, higher than global GDP growth, which is 2.5% per year and is predicted to be one of the world's four major industries. From a global perspective, in areas where sport is strong: North America, Western Europe, and Japan and Korea, the industry has grown to a certain scale and has become a pillar industry.
The sports services industry is located at the heart of the sports industry. It mainly provides sports and work services products to influence the growth rate of the entire sports industry. The growth rate of the sports services industry always serves as one of the main indicators of the maturity of a country's sports industry.
The major sports services market products include sports industry talent, capital, technology, intangible assets, information, and intellectual property. The sports services industry is relatively mature in North American and Western European economies, comprising 80% gross output value of the entire sports industry. There is also a field in the emerging global sports industry like China. This is an area that shows explosive and sustainable expansion and growth.
The growth of the internet, especially mobile internet has led to a powerful, influential sports industry, with many channels to deliver content to users. The majority of industries have shifted from traditional channels to mobile internet, a vector that helps it grow bigger.
In the 2016 Sports Industry Survey Report, PricewaterhouseCoopers showed that 40.9% of those surveyed answered questions about lack of trust and integrity in sports management organizations replying that they were worried or very worried. Sports leadership believes that the greatest danger to the sports industry is the continued erosion of trust between sports managers, athletes, and sports fans.
The sport industry reaches the whole world, and its companies are gradually transitioning into trans-national. However, there is no way to provide an absolute guarantee for credit verification of all parties involved in the partnership. Those who accept the central platform also will not share their credit data to lower credit risk. Both partners need to spend a lot of effort to identify whether there are records of forgery or destruction, fraud, etc. The transaction process can only be optimized when it is easier for both parties to build trust.
The popularization of the internet has lowered the cost of copying, converting and sending information to zero practical, leading to unclear business ownership module issues, rogue piracy, copyright disputes, and false representations. The inability to verify the truth has caused forgery or alteration of records, and often fraudulent activity.
The Internet, which connects everything together, requires the formation of various centralized platforms to materialize. Inter platform trust is based on the endosement of a centralized platform. This platform has a huge ability to manipulate data and content within the platform.
Due to this incompatible information, the large commissions and service fees ordered by a centralized intermediary platform comprise most of the revenue. Furthermore, the higher the level of centralization, the higher the commission rate and the cost of services. Therefore, participants become 'service agents' of such centralized platforms and can not share in rapid internet growth dividends.
The sports industry has a significant market presence in the market on a global scale. However, there is a development disparity between different countries and regions around the world, the structure is incomplete or rationalized. Thus, obtaining accurate and authoritative data, such as company number, investment and financing history, transaction history, and number of employees is very challenging.
A lack of a safe and resistant ecosystem will allow participants to gain credentials more easily. Then, it facilitates the ability to ascertain the truth, accuracy, and completeness of the information and resources available next to it.
Faxport is a global sports business platform based on blockchain and seeks to address the problems facing the global sports market. It aims to promote positive interaction in the global sports trading market through directly connecting participants, service providers, and consumers through a decentralized blockchain network.
Through the implementation of positive encouragement and dispute resolution mechanisms, it aims to increase user retention in the platform. Faxport seeks to build a commercial ecosystem in an innovative sport, founded on trust, security, and encouragement, as well as convenient and commission-free.
One of the major achievements in sport that can be attributed to Faxport is the fact that it is improving and improving the level of digitization in the sports trading market and providing greater levels of structure and informationalization.
Faxport has an active partnership in China with Kuaitiyu, which is jointly involved in handling China's largest sports trade database. The company also undertook plans to form partnerships with renowned Japanese human resource service providers; this will result in it achieving its project implementation in the Japanese market by 2018.
Since the sports industry has a large market size, obtaining data is sometimes difficult. Data can refer to the number of sports firms, number of employees or even investment and financial history. Faxport brings together the data it generates from multiple sources and provides it to users with open access so that users can upload and edit their own data. This not only ensures that the data provided is of high quality but also reduces the total time taken for data retrieval. Since this platform is blockchain based, the database can be termed 100% trusted.
It connects participants from the global sports industry. Since all transactions performed on the platform are recorded, all parties involved will have the same trust base for each other to enable everyone to find a reliable partner.
This platform allows recruiters to reach job seekers more efficiently through their FX credit reward mechanism. This makes the recruitment process more efficient, cheaper, and with less recruitment expenditure than traditional mechanisms.
The blockchain base from Faxport ensures that company transactions are always stored and any information can not be changed. This results in both parties participating in transactions that can work together and make informed decisions and decisions.
This is a decentralized sports crowdfunding platform that leverages community voting and smart contracts to allow investors or enthusiasts to take part in project financing that can not develop properly due to lack of capital.
The data in the Faxport sports business database has a significant volume and covers a large number of categories. It is primarily stored by its types and requirements using the following technologies: Ethereum: Based on blockchain technology characteristics of high reliability and decentralization, core transaction data can be traced but can not be changed.
Smart contracts help users in many ways, including reward mechanisms, business networks, and recruitment services. There is often no need to contact third-party organizations to find ways to collaborate. This reduces the barriers to trust and enhance the effectiveness of collaboration.
IPFS: The lack of Ethereum is that it suffers from low throughput, and expensive storage space, Faxport utilizes IPF to store large amounts of data, including multimedia data such as pictures and video. It can also guarantee that this data will not be altered, has the truth and is reliable, and can provide client terminal requests with high performance and high extension capabilities.
Traditional distributed databases: Mainly used data services such as user information storage and analysis processing via clusters such as PostgreSQL and HDFS to increase system storage volumes, and improve system reliability.
Faxport comes in the form of a digital currency named FAS. The FAS Token will go on sale from April 25, 2018 to May 24, 2018, at a price of 3012 FAS equivalent to 1 ETH. Token purchase itself can be done with foreign digial currency such as ETH and BTC. Do not forget, get also the purchase bonus at certain period of time.
Faxport itself is the result of teamwork led by Vincent Lee and for the core team now has 16 members involved in research and development of this project, mainly in Hong Kong, also in mainland China, Tokyo, Europe and North America. At the same time, we are recruiting more market and business partners and engineers in blockchain technology to make Faxport faster and better. It is expected that the number of teams will increase to 40 within the next six months.
So that all our ICO project review for this time, hopefully can increase your knowledge in choosing the best project ICO to you invest. If you are interested in joining this project, or intend to buy a token in the sale. You can visit their official website and page below:
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