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Interactive BLOCKCHAIN IN GAMING


developers, licensees and payments platforms quickly and easily.


LINKED-UP GAMING Blockchain’s unique combination of


transparency, security, independence, and neutrality is drawing the attention of players, operators, and developers alike. From a player perspective, blockchain is an especially attractive proposition amongst the lucrative 18-


The ability to offer provably fair and secure games, in particular, is a big draw for players wary of new and unfamiliar gaming sites. By deploying blockchain-based ledgers at the heart of their platforms, they can start to genuinely allay fears about fraud and corruption.


P142 NEWSWIRE / INTERACTIVE / MARKET DATA


35 year-old demographic, who are more likely to be familiar with the technology. Properly implemented, blockchain’s inherent transparency gives players complete visibility over some of the most important trust-based components of gaming platforms.


For would-be casino operators, blockchain solves many of the same visibility problems. Te ability to offer provably fair and secure games, in particular, is a big draw for players wary of new and unfamiliar gaming sites. By deploying blockchain-based ledgers at the heart of their platforms, they can start to genuinely allay fears about fraud and corruption, simply by making every record of payments in and out visible to the world.


Finally, game developers stand to benefit greatly from blockchain-based platforms – not least because of the same transparency that benefits players and operators, which gives them wholly new levels of reporting visibility. Tey can see exactly how often their games were played, by whom and when; all vital information that is often historically difficult to obtain from gaming platforms.


GETTING SMARTER One of the big driving forces in blockchain-


based gaming applications is Ethereum, a non-profit organisation dedicated to building global decentralised applications based on distributed ledger technology. Ethereum is the platform of choice for an exceptionally wide spectrum of applications – not just gaming applications such as lotteries and casinos, but new cryptocurrencies, smart legal contract applications and much more.


One of Ethereum’s landmark features is the ability to execute so-called smart contracts, in which value of some kind is moved around based on previously issued instructions, such as a futures contract, a property deal or even a personal will. Smart contract technology is extremely powerful because it is capable of facilitating high levels of automation, which is desired, but without surrendering the control that matters through carefully monitoring and rejection of anomalies that do not comply with the issued instructions. It is easy to envisage how this “best of both worlds” approach, if properly executed, could have strong benefits in gaming.


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