FAXPORT – THE BEST INTEGRATION OF BLOCKCHAIN AND SPORT INDUSTRY

lethihongngan (26)in #cryptocurrency • 6 years ago

Recently, we witness the exploration of artificial intelligence on over the world. Especially, the blockchain technology’s appearance has been applied to many fields of modern life. It makes everything, every deal, every action … occurs easier and faster.

It is the same to sport. Sport has been becoming the necessary part of life. Sport industry has been developed miraculously recent years. Of course, the integration of blockchain technology to sport industry is the great idea and built this kind of business is the good choice to start-up.

Today, I would like to introduce a bright project for that idea – FAXPORT. Faxport is the ideal product to connect the sport in reality and information technology.

1. What is Faxport.

Faxport is a global sport business service platform that works based on blockchain technology. Faxport was born for solving almost problems that the global sport market is facing. Therefore, Faxport aims to push the positive interaction in the sport market through the connection between players, service suppliers, and customers via decentralized blockchain technology.

On the other words, Faxport uses decentralized technology to increase mutual trust. At the same time, it tends to reduce abuse and establish a credible system for the global sports industry. By that way, Faxport provides a platform for participants with a trusted user experience based on trust and confidentiality.

Through the application of positive incentive and dispute resolution mechanisms, it aims to improve user retention on the platform. Faxport seeks to establish a commercially viable sports ecosystem based on credibility, security and motivation, also convenient and without commission.

2. Who is behind Faxport?

The core group now has 16 members involved in research and development of this project, mainly in Hong Kong, but also in mainland China, Tokyo, Europe and North America. We can notice about: Co-Founders Li Xiaocheng and Huang Zhijin, the technology partner Haibing Gong, the marketing expert Tom Tong, …

At the same time, Faxport is recruiting many positions for a bigger business: market partners as well as engineers in preventing technology to make Faxport faster and better.

In addition, Faxport attracts a lot of advisors who can consult and help the core team to lead Faxport to the top of success: Consultant Jason Hung, Investor Naijie Wang, Alex Chang, …

3. What belongs to Faxport?

Faxport is improving and enhancing the level of digitization in the sports trade market and providing a larger structure as well as informatization.

Faxport has an active partnership in China with Kuaitiyu, which cooperates in processing China's largest commercial sports database. It is also planning to form a partnership with a well-known Japanese HR service provider. This fact will lead to project implementation in the Japanese market in 2018.

The Faxport Signaling (FAS) code is based on the Ethereum ERC20 standard. In addition to being used in business, FAS can be used to purchase FX credit on Faxport, which will allow purchase of additional services on the platform. The value of FAS is expected to increase as the number of users and customers of the platform grows.

• Commercial database

Because the sports industry is large in size, collecting data is sometimes difficult. Data can refer to the number of sports companies, the number of employees or even investment and financial history. Combining data collected from various sources and provides users with open access so users can upload and edit data themselves. Faxport not only ensures that the data provided is of high quality but also reduces the total execution time of the search data. When the platform is based on blockchain, the database can be called 100% trusted.

• Commercial network

It connects the participants of the global sports industry. Since all transactions conducted on this platform are recorded, all stakeholders will have a consistent basis for trust, allowing people to find reliable partners.

• Recruitment Talent

The platforms allow employers to more effectively reach job seekers through the FX Rewards Mechanism. This makes the entire recruitment process more efficient, less expensive, and reduces the cost of recruitment compared to traditional ones.

• Commercial cooperation

Faxport's Blockchain facility ensures that its transactions are always recorded and can not be changed. This leads to both parties involved in the transaction being able to cooperate and issue good judgments and decisions.

• Sports platform

This is a decentralized sports platform that uses community voting and smart contracts to help investors or fans participate in funding projects that can not grow well due to lack of funds

4. What are Faxport distinctions?

Faxport uses the advantage of blockchain as a hierarchical, secure, immutable encryption and does not require any intermediate trusted organizations, relying on its use in the core business of commercial databases. sports, trade networks and talent recruitment. This is a complete ecosystem that addresses the challenges and issues that the global sports market is facing.

The goal of Faxport is to develop into the most formal commercial sports service platform in the world. This project is based on the development of the intelligent contract of Ethereum. Ethereum is a widely accepted, standardized, fully implemented, and easy platform for developing and coordinating the basis of blockchain. Using Ethereum 's "Turing complete" virtualization technology, Faxport has redefined transaction modes and rules for state transition functions to build all types of intelligent contracts in commercial sport services.

For detail, Faxport own many positive features, including:

Directly connect global sports investors, servers and customers with a hierarchical blockchain network.
Mainly applied as a sports-based ecosystem, sports business database, professional social networking, recruiting, crowdfunding etc.
Building a global sports media platform.
Faxport hopes to rebuild and sport the Kickstarter version, providing financial services, recovery and acceleration. As an investor, you can also immediately invest and sponsor any sports program in the world through cryptocurrency.
FAS is a Faxport token solution. You can use FAS to buy FX at the appropriate discount, and FAS is also equivalent to the level of investment in FAX GO crowdfunding.
FAX GO independent on Faxport platform.
It is a non-centralized sports settlement clearing fund with cryptocurrencies like FAS, BTC and ETH.
Through mechanisms such as smart contracts, FAX GO can control the time frame and return the investment program.

5. Conclusion

Faxport was established by the end of 2016 and it has been developing up to now. In 2018, Faxport Holdings Limited is registered worldwide in Seychelles, with all operations conducted as a joint stock company. I believe that Faxport will be developed more and more in the future based on its firmed platform, a strong core team and a bright business idea.
However, every project has it owned strengths and limitations. My introduction about what Faxport is and which benefits that Faxport bring to you, you should consider and research for clearly understanding, then make the right decision in investing.