Blockchain is reviving traditional industry, “Sport Time Bank” roar across the horizon

Recently, the “Sport Time Bank” jointly launched by TNB Time Value Transmission Network, Nirvana Sports and other national fitness enterprises in response to the policy call for the deep integration of blockchains and the real economy, empowering the national fitness industry and strategic development to achieve the “fitness scene” milestone.

Image for post
Image for post

General Secretary Xi’s speech opens the door to the real economy

On October 24, during the 18th collective study conducted by the political Bureau of the CPC Central Committee on the current situation and blockchain technology trend. In presiding over the study, Jinping Xi, general secretary of the CPC Central Committee, stressed that the integrated application of blockchain technology plays an important role in new technological innovation and industrial transformation, and further clarified that blockchain technology as the main direction. Once again, it confirms that China’s goal in the field of blockchain competition is definite and unique.

General Secretary Xi’s speech has brought great benefits to the blockchain development, and it will further accelerate the reform the blockchain industry and speed up the application in diversified industries. In returning, it opens the door to the real economy reform.

Blockchain technology highly empower national fitness

TNB is anetwork with blockchain as the underlying technology to create accurate time value transmission. For individuals and organizations with special skills and services, blockchain technology and digital identity can be used to on-chain and circulation time digitally via capitalization, and intelligent contracts can be used for timing digital assets. Thus, all those advantages, such as decentralized, cross-international, flexible transactions, transparent prices, rights and interests, are well protected time value transmission network. Xiaowu Ji, the senior advisor of TNB, as the first innovator in the world to come up with the concept of “blockchain time” and quickly land its public chain and business applications, has captured several internet traffic dividends. Currently, internet is an outstanding pioneer in some areas even the entire blockchain industry. Among them, the TNB public chain is called the blockchain project that subverts the traditional time service model. In 2018, Xiaowu Ji put forward the strategic plan to build the world’s first “Individual time Nasdaq” platform, and initially developed the concept into an epoch-making diversified scene ecological chain.

Image for post
Image for post
Xiaowu Ji

Because of blockchain technology featured by decentralized, the data openness and desensitization, it can break the situation that sports resources go their own way, and provide a favorable environment for the sports industry big data growth, so that these originally fragmented data can be used more widely. TNB uses blockchain technology to explore the innovation of digital real economy model, and has formed a set of commercial application governance system based on “blockchain time”, which can solve the traditional heavy asset attribute and the high operating cost and single profit model, so as to achieve the effective supply and demand connect in the fitness industry, and provide strong support for continuous transformation between new and old energy. Xiaowu Ji said.

Xiaowu Ji proposed to use the “Sport Time Bank” as a starting point to integrate blockchain technology with fitness exercise, covering the course reservation of personal trainers, the venue resources allocation, and the sporting equipment. It can become more intelligent and accurate under the big data support. In the process of promoting the national fitness movement and new model of sports consumption, actively sports service consumption and the “Sports Time Bank” supported by information technology can be regarded as an innovative revolution.

As a well-known brand in the fitness club industry, Nirvana Sports, founded in 2001, is one of the high-end commercial clubs in China. At the same time, it is also the first batch of five-star fitness centers in China, but also an advocate of the “National Fitness” campaign. Guangming Bian, chairman of Nirvana Sports, said in an interview with reporters that their own company has been committed to being the most outstanding fitness enterprise in China with 150,000 members. However, in recent years, due to high rent, energy, labor costs and other factors, there are huge bottlenecks hindering development. But this time, after studying the General Secretary’s speech, all industries deeply heartened. First of all, the fitness service industry is in its infancy, and there is a huge space for development. The scientific fitness demand for ordinary people is very strong, the national fitness population will reach 400 million people, and the number of coaches and venues with sports guidance skills is limited, and there is a great imbalance between supply and demand.

Image for post
Image for post
Guangming Bian

As the one of the earliest entity industries to join the “Sports Time Bank”, Nirvana Sports will take the blockchain as the underlying technology to create a benchmark for the whole fitness scene, realizing the time digital management under the fitness venues, trainers and scientific fitness demand side. First of all, Nirvana Sports, as one of the earliest high-end fitness clubs in China, will work with its three major brand stores, Nirvana Fitness, Nirvana Yoga and Nirvana Boutique, as well as the entire fitness club industry to further complete the online and offline integration. With time token as the circulation medium, the traditional time billing mode is used to realize the full coverage payment in online and offline scenes, such as user membership fee, single consumption and so on. Secondly, the blockchain technology is used to promote the data confirmation consumption and promote the fully link and value sharing. Under the blockchain technology, the digital construction comprehensive fitness scene will bring two advantages to users: efficiency improvement and cost reduction. At the same time, the capture and analysis of motion data will be more accurate for the core experience of accurate exercise prescription. The “Sport Time Bank” project embraces the cooperation between the traditional real economy and the blockchain ecology. It responds to the General Secretary and the blockchain technology to explore the innovation in digital economy model. It further provides diversified blockchain services for the effective connecting supply and demand in the sports and fitness industry, speeding up the continuous the new and old energy transformation and promoting the development of high quality economy.

In the future, with the deep integration and innovation of blockchain technology and real economy, the digital process in the field of sports fitness consumption will add new power to the market. So far, under the strong combination of the two powerful founding teams of TNB and Nirvana Sports, whether we can set off a new wave of “national fitness”, let us wait and see.

TNB Team

Nov. 5

Written by

TNB is token that represents MiaoA International Timechain (M.I.T). That is dedicated to building a precision time-value based transmission network.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store