Microsoft recently Teamed with AMIS and Industrial Technology Research Institute of Taiwan (ITRI) and formed the first blockchain consortium network on Azure. Meanwhile, Microsoft was also in collaboration with many banks such as Fubon Financial.
After a short period of one and a half month, Microsoft furthered blockchain technology into a new area and announced the alliance with AMIS, Taiwan Triathlon, ITRI and Fubon Financial and established the first sports blockchain “BraveLog” in the world.
BraveLog aims to record sports events and sportsmen profile. Using Microsoft Azure Platform, the blockchain structure developed by AMIS and the front channel developed by ITRI, a high profile and secure sports activity sharing platform is established. BraveLog, a new milestone of blockchain application, is estimated to be officially launched at the Garmin LAVA Dapeng Bay Triathlon on January 7th.
Blockchain is a decentralized structure. Every block has the capability to perform complete backup and simultaneous data maintenance. Currently the world is proactively exploring possible business adaptation of blockchain in different domains. Meeting the needs of the financial industry, blockchain platform grants features such as immutable and irreplaceable record. It provides distributed replica, shared ledger and so on, which allow a low-risk and simplified process so as to generate greater values. In addition to the application in the financial industry, it also fits the requirements of the sports domain.
Therefore, the sports blockchain is born.
Focusing on the participating player himself, the sports blockchain aims to record sports events and establish the sports CV of the player. With the credibility and availability of the data at its core, the sports blockchain differentiates itself by providing a player based rather than an event based enquiry structure.
In the future, sports data can be accessed across multiple devices, which will enable players to understand their capabilities, manage their personal training journey effectively, design training plan accordingly, so as to achieve the goal of facilitating sports experience and expand the spectrum of the sports industry.
The open and powerful Microsoft Azure platform desires to be the cornerstone for cloud-based application and blockchain technology development in Taiwan. It also wishes to connect the innovation from different sectors in Taiwan and expand the application spectrum.
For example, in terms of compensation calculation and premium adjustment, blockchain sports data stored in the cloud can be integrated with insurance and medical services, and generate insurance models that are true to people’s needs and raise the living quality of people.
In the future, Microsoft will continue to expand the development of blockchain across different sectors in Taiwan. Aside from insurance and medical services, blockchain can also be adopted by the energy, the food and other industries, enabling innovation within the industry, facilitating the integration and application among different sectors, and making the application of blockchain goes beyond frontiers.
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