Thursday, April 26, 2018

Faxport(FAS)-Blockchain System for Sport Commerce Industry


The sports services sector is the basic form of the entire sports industry. All sports require someone or something to take care of all their needs. For example, you can see a good example in a football club that trains young players to prepare them for the first team. Very often, clubs want to evaluate the progress of their young players with the help of practical experience to put their players against other players of the club. Clubs and other organizations often have to use new training services and facilities from other sources; they also need services to conserve their resources, and more. The sports industry faces many challenges in finding the right company that can meet all of your maintenance needs. Not all companies claiming to offer the best service are the ones with whom they want to enter into a commercial agreement, there is no shortage of fraudulent services on the market. Because of these companies, the search for services is somewhat “difficult or even overwhelming”. All clubs strive to provide their players with the best equipment for their optimal development. The data provided by the formation and the team play a key role in helping the club plan for its future strategy. If the team’s data is processed to provide false records, this will be a threat and will hinder the development of the club. Then, worse, there is a high commission rate for agents and services that will help you satisfy your ideal service provider. All these problems collectively lead to an extreme need for an idea capable of solving all these problems. Fortunately, FAXPORT came to the rescue and came up with a wonderful idea that overcame all the problems mentioned above, and also provided a significant boost to the sports services industry.
Learn more about business plans and other details
FAXPORT, as already mentioned, became alive for the development of the sports services industry. To make the service more impressive, it is based on Blockchain technology. They work in the Etherum ecosystem. Blockchain technology allows for the decentralization of the sports services industry through a chain of open platforms for interested customers. Businesses use financing as a source of their income needs. The crowdfunding program is another important source of revenue for FAXPORT. The company is focusing on this platform to enable development and the opportunity to continue so that they can see that their idea is evolving.
The Token
Tokens can be transferred using the terrestrial ecosystem with FAS as a transaction code. FAS can be used to buy both loans, as well as to obtain a legal tender. The user can receive the FAS from step ICO or through a transaction. The company also allows the exchange FAS with FX based on the current market price.
The Technology
They have a large database system, which should be stored reliably. As a result, they use different technologies depending on the type and requirements of the data. For example, Ethereum is based on the technological characteristics of the blockchain because of its great confidence in reliability and transparency. It is also profitable and traceable, but can not be changed. Even though Ethereum is effective, it has some disadvantages because it suffers from low bandwidth and expensive storage space. Therefore, Faxport uses IPF to store large amounts of data, including multimedia data such as images and videos. Therefore, it ensures that the data will not be modified, correct and reliable. The whole ecosystem operates on a complete set of compensation mechanisms. The price is open and transparent, based on Ethereum technology. They also have a personalized subscription service. Based on the sporting events database, with data and analysis, Faxport will publish an open platform: it will then create a series of commercial services, such as business networks, recruitment and business cooperation; and provide different user groups to take advantage of high quality services. They have a special recruitment process because for the type of industry they work in, finding the right people needs the dependency of hunters and middlemen. As a result, the entire recruitment process is based on a purified database.
About The Company
Faxport was established in February 2017. In just 3 months, the company’s business has covered more than 40,000 projects. In November 2017, Faxport cooperated with a large Chinese company, Kuaitiyu. In February 2018, he signed a cooperation agreement in Japan. In March 2018, the initial sales of the FAS token were established and the FAS was officially launched in just one month.
Moreover-Faxport(FAS)
The sports business continues to grow throughout the world. The sports industry is one of the most popular and in the last 10 years it has grown by 5% per year. In the United Kingdom, 2.4% of the workforce is involved in sports. United States 2.5% of the workforce is involved in sports. According to statistics, the global sports industry with a production value of around 200 million dollars per year (including sports competitions, sports and fitness, sports goods, accommodation operators, intermediaries, media traditional sports). However, the sports industry has started facing some problems, such as the lack of interest and the confidence of the athletes, those who participate in sport as a hobby without absolute interests. For him In addition, the sports data are cumulative, they do not have confidentiality, high maintenance commissions, false reports, high change the commissions, forgeries, etc. FAXport want to overcome the current difficulties and develop the sports industry and trade in general, building a relationship of trust, creating a global communication platform that is connected to the protection and at the same time accelerate the development of the sport. Faxport will also reduce the economic costs and optimize the distribution of resources in sports. The information and identification of third parties are simple when it comes to transactions and messages on the Faxport platform. The Faxport reporting activity imposes a commission of 5% on investment projects and ranges from 0.2% to 2% for services. Faxport will ensure that users do not feel obligated to pay for the use of services during the normal use.
The Conclusion
FAXPORT believes that it will demand a high price when it comes to revolutionizing the sports industry through its services. They will build trust and confidence, fight fraudulent services and transparency, and play an active role in demonstrating that they play an important role in the development process of this sector.
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