The SportX blockchain technology is a revolutionary platform that promises to correct the wrongs and break through barriers that is currently stalling the advancement of the sports industry in certain areas. This technology is the brainwork of experienced and highly trained technology gurus, international sports agents, lawyers and market experts. The major goal of the Blockchain technology is to create a transparent, efficient and open sports ecosystem that provides a level playing field for sports stakeholders including the fans.

The blockchain technology is a bold step in an industry where there is still some kind of hesitation in the use of technologically advanced systems to conquer some of the challenges that are inherent in sports. However, it’s clear structure and the solutions it offers is too good to be ignored by anyone. The blockchain is dangling the possibility of an almost flawless and stress free system of transaction including a balance in the flow of value in the eyes of sports stakeholders and it is difficult to see how anyone can resist the chance to make that kind of massive leap forward in the way things are done in the sports industry.

The Blockchain technology includes blockchain accounts, SDK, SportX ecosystem portal, API, player token distribution which is regarded as the primary market, the digital assets exchange which is the secondary market, enterprise service middleware, DAPP amongst others. The technology takes player token and player platform (SOX) and as the eco-internal platform for value transfer tool.

Some of the tools of the blockchain technology includes the following;

• Big Data Support: Data is easily traceable on the blockchain making it relatively easy and convenient for significant sport data that are big to be accessed in the block chain systems. The work of scouts become much easier with the blockchain transactions creating a history of player transfers with black-box operations. With the support of big data, it becomes much easier for scouts, agents and clubs to run the rule on a player’s ability to determine whether or not a particular player possess the kind of qualities they are looking for. The blockchain will also be able to track player performance on a game by game bases, including their transfers from youth level to their professional careers.

• Digital Assets Issuance Platform: SportX Ecosystem provides users with the ability to give equity-based digital assets which is based on the Block chain’s lower tier in the form of smart contracts. The smart contracts are able to create and distribute players tokens exclusively on the SportX Ecosystem platform. Immediately there is a confirmation of the player tokens issuing scale, there will cease to be a secondary offering. Player or club tokens subscription and repurchase can only be done via SOX on the primary market.

• Sports Tokens: This is a kind of token that is encrypted and is issued by the platform for the subscription to different types of player tokens. It can be used to identify project development resources by early investors or as an incentive to SportX ecosystem contributors.

There is no doubt that the SportX blockchain technology will be a major boost in the quest to ease some of the challenges in the sports industry.