Faxport: smart platform in the world of sports business on the blockchain

Faxport is a platform based on blockchain Ethereum for providing business services for various sports. The main goal pursued by the development team is to create a reliable innovative environment in the field of sports services based on trust, encouragement, and convenience of use at a relatively low cost.

Faxport is built on the basis of blockchain technology, so that due to the decentralization of the blockchain network it is possible to ensure the security of data encoding inability to change them and to exclude the possibility of any centralized intervention. The company intends to focus on the priority issues of its activities and the creation of the following solutions:

• sports investment platform;
• site for crowdfunding;
• databases for the sports business;
• recruiting platform;
• professional social network.

Sport and investment platform: goals

Faxport is aimed at creating a blockchain platform of sports services based on trusting the brand which can improve the quality of the development of the sports industry. Aspiration to overcome regional barriers and unite all world sports community will allow to develop this segment of business sphere more effectively.

For investors the Faxport platform is incredibly friendly in the choice of any sports program for financing using cryptocurrency. Such investment is aimed at reducing the incubation period and accelerating the introduction of various ideas based on the search for stakeholders in the international sports environment and creating conditions for effective interaction between them.

Sports Crowdfunding

Many modern companies began as small projects and then, thanks to their efforts, even with modest start-up capital they could turn into huge successful business structures.

Faxport, considering this fact, intends to create the FAX GO sport crowdfunding platform to connect investors to promising projects, voting for which users will be able to participate in financing the most interesting ideas.

Business database

The sports industry has reached a huge global scale, so finding and obtaining the necessary data on a large number of different sports companies, including the number of employees, the size of investment and the history of financing is not easy. Faxport will create a huge database that will be collected from different sources.

Users will be able to easily obtain any information including the authorized capital of companies, financial indicators, team composition, corporate reports, and any other data related to the company. The original parameters can be downloaded to your media for editing and creating analytical charts. In addition, the platform will assist various groups of users who intend to participate in the development of the sports industry including investors, professional athletes, and job seekers for different positions. Simplifying the search for information that is necessary for the user in conjunction with the guarantee of its reliability will significantly improve the efficiency of obtaining the required data.

Social networks

An efficient basic network Faxport has been created for the development of the sports commercial environment. Each user will have a credit score based on reliable data on his actions on the platform and the number of transactions carried out. This assessment will serve as a guarantee of the level of trust and safe interaction between the two parties and a way to weed out less desirable participants.

If there is any doubt about the reliability of the information provided through the social network by conducting a survey of users on the social network, the security service will determine the level of data reliability, otherwise the user who provided them will be punished.

Recruiting services

Finding qualified personnel is a big problem for any corporation. Most organizations are forced to hire special intermediaries for this purpose who charge extremely high commissions for their services. With the use of blockchain technology the need for such intermediaries will disappear, as the process of recruitment will be possible to implement directly on the platform specifying the necessary data to find the required specialist.

The same concept applies to those who are looking for work. They can find a huge amount of data related to the company's capital, its team, and the projects being developed before reaching a final decision. The main advantage is that these data cannot be changed after adding to the blockchain.

Thus, Faxport makes the global market more accessible for finding the necessary specialists for various corporations due to the use of detailed information about the applicant.

Commercial cooperation

The search for mutually beneficial business relationships between companies is an important factor for successful work. As the leading platform for the sports business, Faxport guarantees its users that their transactions with the entered data will be safely stored on the blockchain. Thanks to this, it is possible to analyze the information in more detail and make further decisions on the possibility of creating mutually beneficial relations on its basis. As a result, enterprises can reduce the costs of independent data collection and decide on a partnership based on information stored on the unit.

Perspective and efficiency of use

As the sports industry continues to grow at an accelerated pace, the factors of trust, communication, and price issues will soon become key in the work of its system. At present, the lack of trust among investors, sportsmen, and management has led to a lot of problems, and the majority of the parties involved in the industry preferred to distance themselves from it. Similarly, today there is no effective international platform that allows athletes to find more profitable contracts for themselves.

The introduction of the blockchain technology into the system is a guarantee of the safety and reliability of the information presented on the platform for the sports industry. This is most effective for the sector of network interaction and hiring. Faxport aims to improve the quality of various business operations in the global sports industry and create a successful platform for finding sports talents.

To learn more about the details of this project, as well as to participate in the purchase of platform tokens, visit the official website https://faxport.io/ and read the whitepaper: https://faxport.io/other/Faxport%20Whitepaper%20en.pdf

The official Telegram: https://t.me/Faxportglobal/
The official Twitter: https://twitter.com/Faxport_EN/