Token-Powered Platform for the Sports Industry
vSport (Sport Value Chain), founded by Sino-American Internet and Artificial Intelligence entrepreneur Qiang Bai and Dutch football star Wesley Sneijder, is an open-source platform based on the blockchain technology targeting the global sports industry. vSport’s strategic partners include 433, the world’s largest football community on social media (headquartered in the Netherlands) and Sport 8, China’s biggest youth sports platform.
The 2018 FIFA World Cup will also provide vSport the opportunity to partner with World Cup licensed products manufacturer/distributor Kayford, British sporting goods brand Looks, Belgian football association, Portugal football association, several major football clubs , stars, as well as other participants in the blockchain industry.
vSport is now building a network of high traffic-communities with over 45 million fans across the world (incl. 15 million in China). In the future, vSport plans to launch its Sports Value Evaluation System and its Sports Value Exchange platform on a global scale.
The vSport platform is fueled by the vSportCoin (VSC), which can be used for transactions such as products and tickets purchases, rewards of fan engagement on social media, funding of young athletes, payments of premium memberships with clubs, players’ digital rights, etc.
Structural Problems with the Sports Industry
• Despite its huge impact on the society, the sports industry is greatly undervalued. Many participants do not get rewarded for their contribution, which may lead to a loss of interest in the future
• There is no tool to effectively assess the value of sports and the benefits that sports can generate
• Resources are not properly allocated (empty stadiums, unused performance data, etc.)
• The development of young talents is often overlooked and rewards are insufficient
• Traditional business models are inefficient and only create limited value
• The sports industry is overly centralized and is controlled by a few participants (federations, large clubs and organizations)
The Sport Value Chain Solution
• vSport is building an ecosystem of decentralized applications for the sports industry. The platform hosts a community of users who are encouraged to contribute and get rewarded in vSport tokens
• Through its Decentralized Artificial Intelligence algorithm, the vSport platform can effectively evaluate each contribution by members of the community and calculate the fair reward for the contributor
• Based on the new token economy, this new paradigm benefits all parties:
o Increased fans loyalty and engagement
o Athletes and coaches get compensated for all their efforts and sacrifices
o Organizations such as federations, clubs and other sports companies can build new business models and monetization opportunities
• The vSport token has application scenarios in all the layers of the sports economy, from grassroot to professional sports
• The underlying blockchain technology provides a trustless and transparent environment, laying the foundation for all future interactions within the sports industry
Application Scenarios
• Shared Economy: Field and coaches, Data sharing, IP sharing, Event crowd-funding
• Talent Development: Youth sports training, Skill evaluation
• Professional Sports: Sports stars, Professional clubs, Sports lottery, Ticketing, Copyright management, Asset tracking
• Grassroots Sports: Compensation mechanism, Credit mechanism, Sports insurance, Sports public welfare
Roadmap
• December 2017: Launch
• January 2018: Angel fundraising completion ; Setup of Sports Value Foundation
• March 2018: vSport whitepaper release ; Roadshows ; Architercutre design of vSport 1.0
• April 2018: Landing typical VSC application scenarios
• May 2018: Listing on exchanges ; Test run of vSport 1.0 ; Brig sports fans into the community, taking advantage of FIFA World Cup 2018’s popularity
• September 2018: Official operation of vSport 1.0 ; Sports Value Foundation to continue supporting and incubating the development of application scenarios
• April 2019: Test run of vSport 2.0
• December 2020: Completion of vSport 2.0 Ecosystem
Members of the Foundation
Members of the foundation include, among other:
• Qiang Bai (Executive Director): Sino-American Internet and Artificial Intelligence entrepreneur
• Wesley Sneijder (Director): Professional football players, former captain of the Dutch national team
• Jul Manders: Founder of 433, world’s largest football community with over 30 million followers on social media
More details to come. Join us on our
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【2018.04.09】vSport Breaking News
【2018.04.17】 🚨🚨🚨Excited 🚨🚨🚨and ready for the @Blockchain_Expo London 🇬🇧, largest blockchain expo in the world 🌎! Come visit us at booth 36 😁😁😁 #blockchain #blockchainexpo #london #vsport #booth36
【2018.04.24】Wesley Sneijder’s vSport Chain & Sport 8 formed strategic partnership with 433