TAIPEI, Taiwan, Jan. 4, 2017 /PRNewswire/ -- Last October Microsoft entered partnership 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 Holdings. 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 Co. Ltd., ITRI and Fubon Financial Holdings 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.
The advantageous Microsoft Azure platform aims to provide strong support for blockchain adaptation in sports
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 world's first sports blockchain "BraveLog" was applied on Microsoft Azure platform. The key advantages of Azure platform include openness, transparency and scalability. It also supports the distributed ledger technology and provides the controllable high-speed cloud computing capacity. The platform complies with the ISO 27001, ISO 27018, PCI-DSS industrial standards and regulations, which effectively integrates and complements different applications and scenarios. The front channel application of BraveLog developed by ITRI fully adopts Microsoft Azure PaaS, and the Visual Studio Team Services that allows the development team to practice agile development, share coding and track work log. The Wep App and Azure SQL Database enable fast build, web App deployment and auto-adjusting load balancer with the most economical and efficient way that is able to accommodate future user growth on BraveLog.
Jerry Gong, EPG Lead, Microsoft Taiwan said, "Microsoft Taiwan has high expectations over the potential of blockchain technology and will continue the efforts in expanding the application of Microsoft Azure BaaS (Blockchain as a Service) to more industries and scenarios. This time we join hands with AMIS, Taiwan Triathlon Co. Ltd., ITRI and Fubon Financial Holdings to launch the world's first sports blockchain 'BraveLog'. This is truly an important milestone for the development of blockchain in Taiwan. As a powerful support for the fundamental structure of sports blockchain, Microsoft Azure accommodates the human-oriented requirements and reduces the cost and risk of centralized management. Furthering from the Fintech blockchain, Microsoft Azure also collaborates with medical services, supply chain, the food industry and other sectors in the development of blockchain technology. Fruitful results can surely be seen in the near future."
BraveLog official launch sets at Garmin LAVA Dapeng Bay Triathlon on January 7th
Microsoft joins hands with AMIS, Taiwan Triathlon Co. Ltd., ITRI, and Fubon Financial Holdings to create a high profile and secure sports blockchain "BraveLog". As the leading brand in sports, "Taiwan Triathlon" firstly adopts the technology in the sports domain and will officially initiate BraveLog at the Garmin Lava Dapeng Bay Triathlon on January 7th. BraveLog will keep track of the sports data on site and provide immutable and credible competition results for participants. In addition, the results will be added onto the 2017 LAVA series competition and provide participants an exclusive personal participation CV. A social platform for sportsmen in the future is in the plan, as well as the integration with current sign-up and payment system in hope to achieve the goal of elevating the sports industry.
Next Step: Blockchain for all industries. Microsoft will be the driver for blockchain development in Taiwan
The sports blockchain "BraveLog" not only records the participant data, but also can be deep rooted in the sports industry, serving as a reference for coaches to train athletes and cultivate elite national players by utilizing big data. Besides the application in the financial industry and the sports domain, any industry that relies on the use of immutable and irreplaceable data, distributed storage and shared ledger can adopt blockchain for further development.
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.
For more information about Microsoft Azure Blockchain as a Services, please visit official website: https://azure.microsoft.com/zh-tw/solutions/blockchain/
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SOURCE Microsoft Taiwan