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Insight


IAGA SUMMIT Macau 2018


The state of Ontario in Canada is using blockchain to specifically reduce the burden on people applying for business licences in the state. Consistency of information and uniformity of information to alleviate the burden on the licensee is one of the key strengths of blockchain. Previously, to licence a business in Ontario you’d have to carry your information to nine or 10 different submission points to get your business approved for licensing. The local government has decided that such a scenario doesn’t make sense and so they have moved to utilise the blockchain.


for licensing. Te local government has decided that such a scenario doesn’t make sense and so they have moved to utilise the blockchain. It’s an interesting case study as to how you reduce the burden on the licensee and something that makes complete sense in regards to the gaming industry.”


If bank account statements are uploaded into a blockchain ledger, a limited password can be given to the bank, which can then review and verify that the bank statements are valid. Tis is made possible because the third parties or regulators view the exact same information in the ledger for which access has been authorised by the applicant. Tis means that there is no single point of failure in the blockchain system. Another benefit of blockchain-based technology is the added data protection that it provides. Since the stored information is not contained in a centralised database, there is not a single server that can be hacked where private information can be altered without leaving a digital footprint of the accessing party.


THE SPLENDID ISOLATION OF DATA Since a database is not based in a single jurisdiction,


the requirements for storage of personal data on a server would not apply. In addition, the information contained in the blockchain ledger is protected from manipulation through cyberattacks because it is immediately encrypted and only accessible using an authorised digital key or permission from one of the parties to the ledger (i.e., regulator or applicant) and any access or alteration to such information is irrefutably documented.


“Blockchain’s influence will be huge in our sector,” declares Mr. Wilsenach. “Gaming regulation is very seldom a federal competency, it is mostly a provincial or a state competency. If you take Europe as an example, it is a member state competency and is not part of the EU Services Directive. Gaming is dealt with


P74 NEWSWIRE / INTERACTIVE /MARKET DATA


within the borders of each individual EU state. In Australia it is a provincial competency and it’s the same in the United States. Overall there are over 125+ jurisdictions worldwide, and in all of these jurisdiction you have applicants, very often the same applicants, generating the same information that must be spread across the globe. Te set of information held by one jurisdiction might also by very different from that held by the Nevada Gaming Board, for example. What the blockchain does is enable you to keep information updated so all the jurisdictions have sight of it and can cherry-pick what they need from it.”


Te fact that gaming device manufacturers must be licensed in literally hundreds of jurisdictions, means that owners and executives are having to distribute huge volumes of documentation, often containing extremely sensitive information, all across the world.


In the context of pre-licensing investigations and suitability checks, regulators are often confronted with two core concerns – standardisation and data protection. While the industry yearns for uniformity among gaming jurisdictions with information requests and licensing procedures, the likelihood of that occurring is miniscule. Meanwhile, the security and protection of information provided to the regulators is also on the top of the minds of applicants, but the laws concerning location, sharing, and transmission of data can vary amongst the various gaming jurisdictions throughout the world.


Blockchain-based technology can alleviate these two concerns. In the US, the shipping of gaming machines is also a big issue, because there are strict requirements on the movement of gaming machines within the country from state to state. Tose movement are things that can very easily be captured and facilitated by the blockchain. Because the blocks cannot be moved, substituted, copied or altered, what


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