In the last ten years, pigeon racing is conditioned by the growing Asian markets, gaining popularity particularly in Mainland China and Taiwan; emerging as a multibillion-dollar industry. Despite the fast-paced growth of the sport, there still exists unresolved challenges which hamper the industry’s further development. The Pigeon Chain platform will apply blockchain technology, boosting further popularization of the sport, and open a new page in the pigeon racing industry.
The digital pigeons introduced by the Pigeon Chain platform are the electronic forms of real-world pigeons technically manifesting the ownership of the pigeons on the blockchain. Non-fungible tokens will be applied as digital pigeons (tokens), to make sure that each digital pigeons are unique, identifiable, and non-replicable. The digitalization of pigeons can be auctioned by using blockchain technology and smart contract. The auctioneer will no longer face the time and space limitation, and this process can be done simply over the network.
The biggest advantage for decentralization is to prevent users’ loss by a single node being attacked. Implementation of a decentralized auction as a smart contract brings complete transparency to the process, eliminates corruption, and diminishes a possibly dishonest, centralized auctioneer. Additionally, decentralization doesn’t require KYC and it can guarantee the security of users’ private information.
Through the application of GPS/RFID and Blockchain technologies, the platform will enable the decentralized registration of pigeon race results and reward distribution to winners. The system relies heavily on blockchain as a distributed database and smart contracts as the technology for self-executing, immutable protocols.
Attention. There is a risk that unverified members are not actually members of the team
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