How is Blockchain used in Real Estate? 🏚 Learn more about some of the top projects today and how 🌐iOlite🌐 can facilitate the adoption of #blockchain / #smartcontracts in real estate!



http://bit.ly/smartrealestat












🎉Have a great iOlite weekend!

We have some great news today everyone. A short video of what our FAE (Fast Adaptation Engine) can do. 🌐💪

Demo: http://bit.ly/iolitefae



Let us know what you think and give us some feedback!

Website: https://iolite.io
Telegram: https://t.me/iolite

@SportVEST VC fund team and GP @bensportvest will be attending hashtag TokenFest tomorrow in Boston. If anyone wants to connect please reach out to him.

Thanks! Feel free to do so and thanks for the warning!

Over the coming weeks we will be looking at tokenized use cases within the sports ecosystem. In part one of our four part series we look at how tokenization will affect football (soccer) clubs and the potential use cases.
Football is the most popular sport in the world so naturally this opens up massive opportunities for tokenization and use of blockchain technology. We are already starting to see a number of clubs partnering with blockchain companies, such as the recent partnership between Cashbet Coin and Arsenal (Read More), or Leicester City’s deal with FansUnite (Read More) and eToro’s deal with 7 Premier League clubs, Tottenham Hotspur, Newcastle United, Leicester City, Crystal Palace, Southampton, Cardiff City and Brighton & Hove Albion (Read More). As well as clubs making key partnerships we will also start to see them exploit the many other benefits of an already $40Bn+ industry.

Football, blockchain and cryptocurrency already have an interesting partnership that will only continue to grow over the coming years. Since the corporatization and commercialization of football over the past 30-years, the financial gains from the game have been enormous. It only makes sense that this will forge alliances moving forward into a brave new economic landscape, and it’s already apparent that the allegiance is a match made in football heaven.

Consideration of a “Football” Token issued either by each club in a league or the league association itself will provide many additional benefits for both clubs and fans alike bringing them together with a common interest in the business of the sport, while improving of a number of inefficiencies and inter-related components that currently exist. Tokenization will provide clubs with a new financing model, which involves token-design and issuance services.

So, lets take a look at how Tokenization could work and the benefits.

“FOOTBALL” TOKEN USES
Branding & Loyalty

All top level clubs now have fan bases spread far and wide across the globe but they struggle to connect properly and harness the potential revenue streams from all their fans. For example, Real Madrid have a global fan base of approximately 450M but only around 1% of them will ever pass through the Santiago Bernabéu Stadium to watch their team live. So what about the other 445.5M fans? This is a massive untapped revenue that far exceeds any current revenue streams, such as TV rights etc.

Football has become an expensive pastime supporting your team with tickets, travel, merchandise and concessions etc. costing each fan thousands of dollars per year. Disrupting the current third-party infrastructure that many clubs use today as a marketplace for tickets and merchandise can provide full transparency of a ledger, while the decentralized nature of a Token provides the emergence of a revolutionary financial ecosystem allowing clubs to pass some of the savings directly onto their fans.

Tokenization naturally increases brand and loyalty. How? Lets look at how a Token could be used to align the incentives of clubs, fans, and players while revolutionizing the football industry.

1. Ticketing

Watching your team play, week in week out, home and away, can be a costly experience. Many clubs still use antiquated ticketing technology from legacy operators typically paying fees ranging from 5% to 8% in commission based on the notional value of tickets sold. Tokenization can reduce the third-party payment processing costs, fraud and risk, these savings can directly go back into the ecosystem for fans, businesses and other programs such as youth development.

Clubs could offer cheaper tickets and track fan behavior offering relevant promotions with each fan having their own digital wallet holding Tokens used to purchase season or matchday tickets. Verification of tickets on a ledger would allow fans to buy genuine tickets from third-party vendors eradicating forged tickets sold by ticket touts while reducing clubs processing fees to zero providing a win-win scenario.

2. Merchandise

Buying the latest shirt or other merchandise can be extremely costly with football shirts alone costing anywhere from $100 to $150 per season. Transaction fees from processing merchants can range from 2% — 4% and fake, cheaper copies flood the market with clubs loosing millions of dollars globally on an annual basis.

Purchasing merchandise using a Token enables fans to easily purchase original merchandise, access exclusive services and other packages and purchase with a Token — from anywhere in the world. Again clubs can track globally through a ledger who has purchased what merchandise where, while reducing processing fees to zero.

Additionally autographed merchandise can be recorded, authenticated and verified on a ledger giving both fans and clubs more control and transparency. Player cards, stickers, digital historical shirt ownership and other digital collectibles can be offered by the club increasing revenues and engaging fans while increasing brand value.

3. Concessions

Ok, you have the ticket and have bought the shirt but it doesn’t end there. Once inside the stadium food and drink can soon add up! Transaction fees from processing merchants range from 2% to 4% while Tokenization reduces these processing fees to zero.

Building in an additional rewards system to the Token can increase revenues and reduce overall costs for the fans while the club can use targeted promotions tailored to specific third-party vendors providing better value to its partners.

4. Betting

Sports betting is well established in the UK and Europe, however, it was only legalized in the United States in May of this year (Read More). Utilizing a blockchain betting platform provides a more cost effective service for fans allowing clubs to negotiate with these betting providers a share of the profits and use of their Token within the platform. Previously untapped bettors in the US will now be able to place bets on their favorite teams bringing billions of dollars of additional revenue into the ecosystem.

5. Player Transfers

Yes, it has already happened in case you missed it! Amateur Turkish club Harunustaspor paid 0.0524 in Bitcoin (approximately £385) and 2,500 Turkish Lira (£470) as part of the deal to sign 22-year-old Omar Faruk Kirogl in January (Read More), while Rimini FC, a team in lower tiers of Italian football, became the first club to be purchased using cryptocurrency (Read More).

Currently clubs pay a minimum of 2% to 3% in fees when transferring money across borders for player transfers. In the UK, Brexit will heavily impact clubs purchasing power. Blockchain technology and Tokenization has the potential to make this process more efficient. Exploring Token use as a currency that facilitates player transfer fees between clubs can increase transparency and reduce costs. We could go as far as suggesting players salaries my even be paid in digital currency sometime in the future.

6. Streaming

For many fans it is impossible to get to watch their team live in a stadium due to spiraling costs, location and availability. This leaves many with little choice but to pay for expensive cable packages or one off pay per view games. Most clubs operate their own TV channels however these are not monetized to their full potential. Tokenization allows for better interaction, premium content, and rewards linked to ticketing and merchandise. Fans now want to consume content in a different way with match highlights and player interviews becoming more popular. The ability to connect anywhere “on the go” and watch your team is appealing to many fans.

7. Fan Engagement

A Token allows a “fan-driven” football community the opportunity to take part in various club and fan experiences from matchday tickets, tours and player meet and greets (VIP experiences) to specific merchandise and third-party partner offers. The goal is to create the “ultimate sports community” for fans. Converting existing fans and attracting new ones while monetizing the technology or service stemming from it is key.

A matchday experience is no longer just about the game, it encompasses a whole lot more.

Maintaining and growing a fan base means clubs now need to offer fans who are not in the stadium a similar experience to those who are. Currently they are missing many opportunities due to a lack of tech implementation and innovation creating a big disconnect. Betting, fantasy sports, gaming, promotions and give aways are just a few ways of utilizing a Token to engage a broader and bigger fan base.

Furthermore the clubs stadiums will emerge into “Smart Venues” facilitating increased revenues within participating venues and also the surrounding business community.

8. Club (Equity) Ownership

There are billions of football fans who are a young demographic, keen to invest in their favorite teams and players. Tokenization can give them the opportunity to partake in club financing packages and be directly rewarded or take equity ownership at a lower cost.

In terms of Club (Equity) Ownership, Tokenization allows clubs of all sizes to raise capital via equity sales and also offer contributors a wealth of fan experiences and social interaction. For the club it brings cost savings, economies of scale and higher security to capital programs and for a smaller club the opportunity to significantly increase their fan base and compete financially in the marketplace.

Clubs can benefit from brand association and the fact that global exposure encourages fans from farther afield to build a portfolio of clubs in the same way we currently buy stocks. Tokenization enables an injection of fresh “cheaper” capital to create added-value boosting clubs financing, helping improve fan engagement and promoting social good, youth development and gender equality. Global fan ownership can allow any fan can buy, trade or sell their Tokens of choice.

9. Sponsorship

Sponsorship has always been a big revenue stream for clubs. This can include anything from shirts, billboards, training facilities, to the stadium itself. Premier League club, Wolverhampton Wanderers and CoinDeal signed a shirt sleeve sponsorship deal this season (Read More). Tokenization will allow clubs to negotiate better, more profitable sponsorship deals in the future. Clubs my also want to tokenize their actual playing squad increasing revenues generated from the rights they have to those players.

SUMMARY

In summary Tokenization brings security, transparency, and lower operating costs. The partnership between football, blockchain and cryptocurrency is just beginning. The potential ventures really are endless and cover many aspects of the game which we have touched on, from finance and sponsorship, to grass-roots coaching, technical innovations and beyond.

Don’t forget to look out for part 2/4 of Sports Tokenization Use Cases which will be looking at Professional Athletes. Follow us here on Medium and don’t forget to clap our articles!

For more information on the SportVEST Private-Sale, contact us at: hello@sportvest.io or visit our website at: sportvest.io. Don’t forget to join us on Telegram and follow us on Twitter.

Original Article: https://medium.com/@SportVEST/sports-tokenization-use-cases-part-1-4-soccer-clubs-8b9f3e83e0b1

This post will help you to understand how the iOlite process works. Below, you see the sequence of the Fast Adaptation Engine (FAE).

Different Elements

   Author (~ requester for solution): Person who is trying to write a smart contract for a specific use.
   Contributor: Smart contract developer who is taking the unknown expressions and defines the structures for it.
   iOlite Parser: Grammar lexical engine from Stanford.
   iOlite Blockchain: Place we store information about transactions and structures. We will first start using Ethereum. However, as Ethereum is overloaded and not adapted for our specific use case, we will build our own iOlite blockchain. Why? We try to make the most effective nodes for our use case which have to hold mostly dictionary info instead of historical info about transactions. That’s the reason we want to start with a clean blockchain and make it more suitable for languages.
   iOlite smart contract: This can be an Ethereum smart contract in the beginning, but we want to move to iOlite smart contracts which are optimized for natural language processing (NLP).
   iOlite Miner: very similar to Ethereum miner which gives iOlite tokens (iLT) as a reward.

Use Cases

Use case 1: We start writing an expression that gets picked up by the iOlite parser. The parser immediately finds a translation in its expressions pool. In this case, the parser returns the created smart contract code. This is the most ideal and fastest possible solution.

Use case 2: We submit an expression to the parser, but the parser isn’t able to find a solution for this request. However, although he couldn’t find the correct structures in the main domain, there is a solution available in the staging domain created which is not yet approved by the iOlite team. The requester can decide whether he wants to use this solution.

Use case 3: Parsing failed, and there are no options available from staging. Now, contributors will get a notification there is an unsolved expression. If a contributor finds a solution, he can submit the structures which make part of this solution to the iOlite blockchain to be stored. The blockchain request a signature for the new block containing the solution from the iOlite miner. If the contributor used other contributors’ work, they will receive iOlite tokens as a reward because of this reuse.

At this point, the solution is added to the staging phase. After approval from the iOlite team, the requester can actually deploy the created smart contract on the iOlite blockchain. The contributor will get a fee for his work from the miner who processes the deployment of the smart contract. In this way, the author of the expression doesn’t have to pay for the whole process.

Of course. I would advise you to check our website, https://iolite.io/.

Or feel free to come by and chat with us! https://t.me/iolite

An article published on the 14th of February by TechCrunch states there is a huge shortage of blockchain engineers. At the moment, there are 14 job offerings for every one blockchain developer. Although, the “$/knowledge” ratio increased even further this year in the blockchain space, where capital by far outpaces talent.

Disclaimer: I do not guarantee you will get rich.

“Requests for on-demand blockchain talent are skyrocketing. Last year, freelance talent marketplace Upwork saw blockchain rise to the fastest-growing skill out of more than 5,000 skills in terms of freelancer billings — a year-over-year increase of more than 35,000 percent. These requests span smart contract development, blockchain engineering projects, and overall blockchain consultancy.“

This is the top three most wanted skills:

    Hyperledger Fabric: an enterprise blockchain framework focused on modularity and scalability to support the often changed business rules.
    Ripple development: a payment protocol used for distributed processes for remittances, payments and exchanges.
    Solidity smart contract development on the Ethereum network.

The blockchain ‘niche’ has the most high-paying jobs as even classic companies of the financial sector, like Bank of America, Visa, and others are seeking to explore blockchain technology.



Blockchain developers in the US earn up to $130k a year, by estimates of Computerworld. At the same time, software developers earn up to $105k a year. Such data was published by Matt Siegelman, the CEO of the data analysis campaign of the Burning Glass Technologies company performance.



What can we do?

First of all, iOlite is a project that helps to fill up this shortage. They are developing a product that is capable of understanding natural language and translating this to executable smart contract code. This seems to be the ideal solution, although we still need knowledgeable smart contract developers to define structures in combination with Solidity code so normal users can use this library of structures to create smart contracts based on their needs. To give developers the possibility to as well create smart contracts more easily, we offer developer plugins to translate mass programming languages to smart contract code.



Massive open online course (MOOC) platforms try to catch up with blockchain technology by providing blockchain related coding courses. This gives normal developers the possibility to jump in this new and exciting world of blockchain development. The high “$/knowledge” ration is another incentive for developers to become a blockchain developer.

Although, we have noticed that these courses do not provide in-depth knowledge on the matter. We don’t expect a MOOC graduate to develop a perfectly fine smart contract which can be used by an ICO, and they shouldn’t do as we are talking about millions of dollars.



At last, private talent networks like Toptal offer top quality blockchain engineering talent to be consulted by companies. This makes it easier for companies to find blockchain talent.

Vitalik Buterin, the founder of Ethereum, thinks blockchain developers should be employed by multiple companies to democratize the knowledge they gather so more developers can discover and explore the possibilities of the blockchain. It’s easier to get started with blockchain development when you have a ‘buddy’ who can guide you on this quest.

Source: techcrunch.com

In a world filled with emerging technologies, the blockchain technology is arguably one of the most exciting, being labeled as ‘disruptive’ and ‘innovative’ by many. Despite often being associated abundantly with Bitcoin and other cryptocurrencies, the underlying technology, this distributed ledger, the ‘blockchain’ has been receiving attention from a variety of industries. The concept of recording transactions in a secure, stable and chronological way, has led to possible applications in many areas.

Whilst we have to admit that blockchain is still in its infancy. Many issues like unwanted centralization, slow transaction verification times and low throughput aren’t easy to solve. We have to try and find the balance between security and speed.

To help you make sense of this complicated landscape we applied a simple SWOT analysis to the blockchain and integrated our iOlite’s solutions in this analysis.

Strengths

Save time and money — Blockchain is an amazing tool when it comes to operational efficiency. Assets can be transparently stored on the blockchain, and easily shared across organizations. Inefficient processes are timely and especially costly. Blockchain cuts these time-intensive bureaucratic processes.

Transparency — Blockchain provides us with tamper-proof data storage, not giving fraud any opportunity. No blockchain transaction can be tampered or deleted post-execution. All changes to public blockchains can be publicly viewable.

Advanced Durability — When there’s no central regulator, there’s no central point of failure as well. A central regulator. an admin, has the power to change all information as desired. Avoiding this is preferable, because it often leads to fraud. Aside from that, blockchain is more resistant to different types of malicious attacks trying to alter data or get in control.

User empowerment — Every usage party is directly in control of all their information and transaction history. Users can take back control over their data and decide who gets access to which part of your personal information. If LinkedIn decides to close your account, you lose all the data, connections, reputation, preferences, and interactions you’ve generated over the years. At the moment, big companies like Google and Facebook own your data. You’ve probably created a Google profile, put in all your information, and trusted them with all your personal data. If you request to remove your account, how can you be sure that they will wipe everything they know about you?

Opportunities

iOlite helps to create new opportunities by enabling blockchain for everyone. Mass adoption of blockchain technologies will take a couple of years because the concept of a blockchain isn’t easy to fully grasp. iOlite understands that smart contracts have the power to enable new business models. However, there is a shortage of smart contract developers, and in addition, developing smart contracts is very costly.

To give both businesses and users the power to easily create smart contracts and Decentralized Apps on blockchains, iOlite is developing an engine where developers can create smart contracts by just using their existing programming language. This will extend to natural language (e.g. English, Russian) inputs.


Together with its community, the iOlite system continually learns how to build and optimize smart contract modules and building blocks, for subsequent re-use.

The result is an environment where smart contracts are available to all, being efficiently created and deployed, and giving major cost savings for partners.

Threats

Scalability issues — Blockchains do have limitations in term of the number of transactions it can handle. This problem has again been exposed by the mass adoption of Crypto Kitties on the Ethereum blockchain.

Unwanted centralization — Large mining pools and mining farms unwillingly centralize the power of the blockchain. Aside of that, these pools of centralization trash the blockchain environment as conflicting visions appear between miners and platform users.

Quantum Computers — There is a possibility that quantum computers become powerful enough to decipher data, which is a real threat for a blockchain.

Hype — Blockchain is still in the phase of being a hype. Not many blockchain products that do solve real-world problems are actively in use.

Fast-changing environment — Blockchain is well-known as a fast-changing and very volatile environment. This fast-paced environment is not ideal for existing business models that mostly rely on stability.

Mass adoption — Mass adoption is the largest obstacle to overcome. Proper education is required to give new users a good understanding of the space and usage. Again, iOlite is playing a role in this mass adoption by offering a so-called ‘Bridge Product’.

The iOlite engine is capable of translating code and even natural language to smart contracts. In this way, iOlite helps to bridge this huge blockchain gap.

Weaknesses

Business rules change over time, but a blockchain is not fit to adapt to change. In addition, blockchains are mostly not modular. What if we want to replace an outdated encryption module? Or what if we want to export our data to a new blockchain? A blockchain does not provide an out-of-the-box exit strategy.

The environmental impact of blockchains is something to bear in mind. Algorithms like proof-of-work are resource-intensive. A lot of energy is used / wasted by this algorithm.

At last, most blockchains are potentially in conflict with existing approaches to regulatory compliance, for example, GDPR regulations.
Summary

iOlite has spotted some critical weaknesses like mass adoption of blockchain technologies and easy creation of smart contracts. We experience a huge shortage on blockchain developers. iOlite provides a tool which benefits both developers as non-tech persons. This tool — also referred as engine — enables you to create smart contracts in any preferred programming language or even with natural language (e.g. English or Russian).
Sources

(1) https://www.quora.com/What-are-the-advantages-of-blockchain-technology

(2) http://www.huffingtonpost.co.uk/sufian-farrukh/role-of-blockchain-in-the_b_17906916.html

(3) https://www.cs.cf.ac.uk/PATS2/@archive_file?c=&p=file&p=710&n=final&f=1-An_Analysis_of_Blockchain_Technology_and_its_Commercial_Exploitation.pdf

(4) https://medium.com/@frankschuil/bitcoin-blockchain-industry-swot-analysis-37e4317bfdaa

(5) Crypto Kitties Info: https://hackernoon.com/how-crypto-kitties-disrupted-the-ethereum-network-845c22aa1e6e

Hi SportVESTians!

For those who are currently doing our TWITTER bounty, don't forget to Sign Up our Form if you didn't do it yet, please.

For those who submitted CREATIVE content, it is stated in the rules that you need to send the article to us for approval first, before you upload it into any platform. You can send it to bounty@sportvest.io.
 Otherwise it will be rejected. Also, we will not tolerate scammers of any sort in SportVEST Bounty, otherwise we will be forced to close some of our bounties.

Thank you all for your participation!

NEO is the future.

Thanks. We do proud ourselves from what we have done here. If you have a look into our WP, you will see how truly unique we are.

https://sportvest.io/sportvest_whitepaper.pdf

not really lol

🎉Gayatri Sarkar, SportVESTGeneral Partner, will be speaking at 🏆Ocean Inno Tech Fest🏆 about Blockchain Venture Capital and investing in future of sports!
Venture into the future with ⚽SportVEST!⚽

👉More info: https://www.oceaninno.io

For more news, follow SportVEST social media:
Medium: https://medium.com/@SportVEST
Scorum: https://scorum.com/en-us/profile/@sportvest2018
Telegram: https://t.me/sportvest
Instagram: https://www.instagram.com/sportvestico/
Twitter: https://twitter.com/SportVESTico
Facebook:    https://www.facebook.com/SportVESTico/

not now. market is down

ETH, Neo

Hello guys. Can you give me an information for a research I am doing?

OkCash never did any ICO before right? It's a self-funded project? Thanks

SportVEST attended Canaccord Genuity Growth Conference 2018


SportVEST is a Venture Capital fund exclusively investing in future of sports and creating sports as a new asset class. With evolution of fundraising protocol we are rewriting venture investment thesis with enhanced NAV measurement. Venture Capital has to evolve with evolution of new fundraising protocols with new investment algorithms. Understanding and researching on several use cases in sports industry has helped to build this VC fund. We will be focusing on investing in those use cases and beyond. We are at the intersection of sports and Blockchain and pushing the sports economy beyond $500B+. Sports Industries first Blockchain VC fund. Some of the use cases that we will investing in beside traditional sports:

Virtual Reality/Augmented Reality: Improving Fan Experience.
Drone Technology: Improving Fan Viewing.
Data & Analytics: Fan engagement and on-field performance.
Wearables Tech: Improve Athlete performance.
Media and IP contracts: Social and informational mediums for content consumption.
eCommerce/ticketing: Consumer facing models.
eSports
Sports and AI
Big data application in sports
Fantasy sports: Leagues and Fans converge in daily activities.
Fitness applications: Health and Wellness for athletes and fans.
Professional Sports Franchises.
Professional Athletes.
Ticketing & Events on blockchain.
Sports Tech (such as VR/AR, Drones, Wearables, Data).

Current Blockchain Uses In The Sports Industry
Sports Gambling Platforms.
Fantasy Sports & Predictions modeling
Sports market merchandise as digital collectible memorabilia in unique non-fungible token.
Ticketing system on blockchain
Smart Venue Infrastructure on blockchain

SportVEST attended the 38th Annual Canaccord Genuity Growth Conference. The conference was held on Aug 8–9, 2018 at Intercontinental Boston, Massachusetts.

Gayatri Sarkar, General Partner of SportVEST attended the conference. She will be spending August 7th 12–5pm at Blockchain & Digital Asset Symposium, a growth conference prelude at Intercontinental Boston.

For more news, follow SportVEST social media:
Medium: https://medium.com/@SportVEST
Scorum: https://scorum.com/en-us/profile/@sportvest2018
Telegram: https://t.me/sportvest
Instagram: https://www.instagram.com/sportvestico/
Twitter: https://twitter.com/SportVESTico
Facebook:    https://www.facebook.com/SportVESTico/

Dogecoin for sure

exchanges lol