Our customer aims to unlock the potential of blockchain technology in the sports business through a fan-centred platform which enables interactions between clubs, athletes, business partners and fans through various services, like Fan Tokens, NFTs, Smart Tickets and much more to come: SoccerCoin. It’s a blockchain based ecosystem that connects the fans with their beloved sports teams and generates a win-win situation for all stakeholders, as fans require being much more a part of the game than in the past, through integration in decision making processes and by enjoying special emotional moments, while clubs are forced to create new recurring revenue streams through technology.
Our client has approached us with an idea of platform features required, but without having the technological framework defined. Therefore, our challenge as a technology partner was to define together with SoccerCoin each of the key features and use cases from its technical side and to assure proficient implementation of the MVP version by our development team.
We have started from the discovery phase, to cover the following:
We have started from creating an MVP version of the product – a decentralized blockchain platform, that allows sports teams to create and easily manage their own Fan Tokens, as well as sports fans to purchase various sports collectibles in the form of non-fungible tokens (NFT), e.g. real items like t-shirts, balls, cards, as well as magnificent sports moments, videos or digital sports-related arts.
Building a minimum viable version of the solution as a first step, the SoccerCoin team plans to revolutionize sports through creating a full blockchain ecosystem in the future. The SoccerCoin Platform will cover the following advanced features:
As the native digital currency of the ecosystem, SoCo will be used for payments, receiving and redeeming loyalty rewards, discounts, buying and trading NFTs, access to polls, auctions, etc.
Representing branded cryptographic assets of the sports club, fan tokens will grant fans with a voting power, priority in ticketing, access to the special group of supporters, as well as a payment method for club related items.
Based on the NFT technology, Smart Tickets will prevent that fake or illegal tickets are sold as well as generate royalty fees for the club on each reselling of Smart Tickets via the SoccerCoin platform, hence creating a secure and reliable secondary ticket market platform.
