Blockchain Life
Main / Press Releases / RAKIB supported sports blockchain a consortium of BRIC countries

RAKIB supported sports blockchain a consortium of BRIC countries

28 May 2018

A special Committee of the Russian cryptocurrency and blockchain Association (RAKIB) supported the ICO project, which will attract funds in the amount of 60 million us dollars for the development of a system with an indicator of opening TELOS, providing triple control of the integrity of tubes containing doping samples of athletes. The system will be based on blockchain technology, which allows to control the opening and closing of tubes with doping tests and eliminates the possibility of manipulating the samples of athletes.

The need to develop a new system of opening tubes with doping samples is dictated by the fall in the confidence of the professional community to the existing systems of opening firms BERLINGER and VERSAPAK because of information about the “hacking” tubes, as well as the conclusion of the investigative authorities about the possible “leaks” of information from the system of accounting data of athletes ADAMS. The incidents were reported in December 2017, which eventually led to a life-long suspension of a number of athletes from participating in competitions.

On March 22, 2018, WADA CEO Olivier Niggli told about the fall of the WADA budget and that the Agency has significantly reduced its spending on research. The issue of choosing a supplier of tubes for transportation and storage of athletes ‘ tests remained unresolved. Olivier Niggli and WADA President sir Krei gridi, communicating with representatives of the world media, made it clear that they are studying private sources of income, as well as the possibility of government contributions to address this issue.

The key parameters of the new test tube opening system should be: 100% protection of test tubes from unauthorized access; openness of the entire procedure of closing and opening test tubes for the world sports community in real time; security and openness of the information storage system; financial independence and self-sufficiency of the system.

System with tamper evident TELOS, provides a triple control of the integrity of tubes containing drug-test athletes. The tubes are Packed in containers, when they are opened and closed, all the information about the location, opening/closing time, temperature inside the container gets to the servers protected by the blockchain system. There is a duplicate of the information storage in the containers.

At the request of the court, TELOS system will provide the data from the containers and the athletes will have four additional arguments in the consideration of cases

– say the developers of the system TELOS.

The developers also note that

the problems of underfunding of the organization, declared by Olivier Niggli and sir Craig reedi, can be solved by holding an ICO. The special Committee of RAKIB supported the ICO project, which will attract funds in the amount of 60 million us dollars for the development of the TELOS system and partial participation in the financing of WADA. Planned production of 300 000 tokens in the amount of 200 USD, which will become the athletes and the Federation that are interested in protecting their business reputation. The ICO will be held with the support of RAKIB partners with relevant experience of more than 200 000 000 US dollars

According to Alexander Popov, a four-time Olympic champion and candidate for the post of President of the Russian Olympic Committee, the use of innovative technologies can help in solving current anti-doping problems.

Tags: , ,
Share in: