According to Odaily Planet Daily, Blockchain Sports Ecosystem and Alpha Jossor Investments have signed a $3.3 billion memorandum of understanding to develop an innovative sports complex in Saudi Arabia.

The complex includes a football school and real estate infrastructure, as well as a digital ID platform for athlete identities that uses blockchain technology to enable secure and transparent transactions. The platform will be the first solution for storing athlete data, and blockchain technology will optimize processes and data storage security.