TechFlow reported that the Blockchain Sports Ecosystem signed a $3.3 billion memorandum of understanding with Alpha Jossor Investment Company to develop an innovative sports complex in Saudi Arabia. The project includes a football academy, real estate facilities and a blockchain-based digital identity platform for athletes.

The platform will connect partner academies in 16 countries for player data analysis and selection. This is the first athlete data storage solution that will enable a global player selection process. The application of blockchain technology will ensure data security and process optimization.