Blockchain in Formula-E: Dragon and Techeetah

in blockchain •  7 years ago  (edited)

In IT world blockchain is something relative new. However, it's here long enough to be considered more than just a whim. It's helping to solve real problems, brings value to projects. Even though it's not without flaws it deserves place among other proven technologies.

In world of motorsport Formula-E started it's first season in 2014. Watched just by few, slowly gaining viewers one by one as fans of conventional racing missed sound of roaring engine. Despite slow start, we are now in it's 4th season which opened with peak of more than 300k viewers. Also, just two weeks ago Gen2 car was revealed on Geneva Motorshow.

I am sure, you can see parallels between these two ecosystems. Both technologically bleeding edge, both fighting for their place in the sun. Therefore it was quite interesting to find out, that not so long ago, these worlds intersected in a form of sponsorship and cooperation.

Dragon meets Techeetah

Dragon is a decentralized currency for casinos & players aiming to help gaming industry and provide an alternative to existing financial mechanism. Dragon platform works in two layers. As a player, you purchase DRG, an ERC20 based token on an exchange. Then you'll use this token to buy actual Dragon Global Chips at their partner Casinos & Junkets, to be used in the Casino. Winnings can be converted to DRG and sold in an exchange.

This very company decided to join forces with Techeetah Formula-E racing team and Dragon became their new primary sponsor.

“I am delighted to announce the partnership between Dragon Inc. and TECHEETAH, two enterprises with a mission in common: revolutionize the entertainment industry by applying world leading technology. Dragon Inc. focus is to dramatically disrupt the whole entertainment business. Likewise, Formula E is an established leader in racing leagues using the power of electric cars. We both have worked very hard to achieve our full business potential. Exciting times are ahead as we continue to support each other and work towards a future of fair play, technology and progress. Our task is to make the revolution possible. Our mission is to make it available to the world,” added Chris Ahmad, Dragon Inc. Co-Founder/ CEO

Punta del Este ePrix

Event though this partnership is very young, it seems, that Chinese gold dragon brought Techeetah some luck and wealth already. In the very first race, where Dragon decal was placed on the car J. Vergne won. I know... Vergne is in pretty good shape this season, but it is still a nice way to celebrate this cooperation.

http://www.fiaformulae.com/en/news/2018/march/analysis-the-battle-for-punta-del-este/


image source: http://www.techeetahfe.com/2018/03/16/techeetah-formula-e-announces-new-primary-sponsor/

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Beautiful Color Formula

Nice ride :) Great color combination and logo

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