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transactions cannot be quickly circulated. For example, when a Swiss fan wants to buy the jersey of Real Madrid, he needs to find out if there is a purchase channel in Switzerland. If not, he needs to go to an overseas website, which involves many complicated matters such as cross-border transaction, settlement and finding trusted intermediaries. • Unfair pricing mechanism: Existing mechanisms lack fully market- oriented pricing processes and forecasting methods for sports assets. The trading of sports assets is centrally monopolized, and fans cannot participate in the trading of sports assets and profit through the authorized derivatives they buy. • Not transparent information and lack of trust: Centralized institutions are unable to disclose all information. Due to the opacity of information, users cannot ensure that the sports products they buy are true, so they are faced with the risk of buying fraud or counterfeiting. • Imperfect fan system: The value of sports assets is largely determined by fans, but there is a lack of connection between assets and fans. Fans cannot enjoy the benefits of the value of sports assets, and sports assets cannot quickly attract fans to promote their value. In the face of these problems, Blocksport will provide a new way to connect fans, stars and clubs, creating a whole new world of sport. 1.3 Solution The sports industry is no longer about events, players, tickets, surroundings and all the things related to sports entities, but rather a world full of digital information and assets with value. With the support of the token economy system, any individual participating in the blockchain can participate in the transaction of digital information. This fundamentally changes the businessPDF Image | Blocksport NFT Platform Whitepaper
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