We have designed and implemented an optoelectronic hardware of binary phase extraction joint transform correlator (BPEJTC) which provides higher peak-to-sidelobe ratio than many other versions of JTC that has been published so far and does not produce correlation peaks due to intra-class association, to construct a multi-target tracking system. The digital processing unit controlling the entire system plays the part of modifying and binarizing the joint transform power spectrum (JTPS) and the optical processing unit is mainly used to take fourier transform operations. Some experimental results conducted by designed system along with its architecture showed the processing rate of 6 frames per second, thereby the potential applicability of the proposed system to real-time multitarget tracking system is given.