search.noResults

search.searching

dataCollection.invalidEmail
note.createNoteMessage

search.noResults

search.searching

orderForm.title

orderForm.productCode
orderForm.description
orderForm.quantity
orderForm.itemPrice
orderForm.price
orderForm.totalPrice
orderForm.deliveryDetails.billingAddress
orderForm.deliveryDetails.deliveryAddress
orderForm.noItems
BLOCKCHAIN AND CRYPTO


Blockchain and crypto: a beginner’s guide for the casino industry


John Caldwell, director of advocacy at the CasinoCoin Foundation, talks us through the basics of blockchain and how it can transform the 


I


t is fair to say the words “blockchain” and “cryptocurrency” have become eye-rollingly ubiquitous over the last couple of years. But in the 18 or so months since Bitcoin hit global headlines for an incredible price spike which saw people handing over $20,000 for a single unit of the digital currency, a huge amount of work has been taking place to build genuine, real-world use-cases for blockchain technology. One of the most active areas is the gaming industry, where this technology is emerging as a disruptive force  industry have confessed to me that they’ve nodded along to presentations about the revolutionary power of   explaining blockchain technology and cryptocurrencies, 


WHAT IS A CRYPTOCURRENCY? A cryptocurrency is essentially digital currency; a way to


 Thousands of cryptocurrencies exist, but by far the most  One term you will likely hear in relation to   


  number, with no possibility of minting or creating new  


 This means, among many other things, there is no central  are tracked via decentralised ledger technology (DLT), 


SO, WHAT IS A BLOCKCHAIN? A blockchain is a digital ledger that can record


  transactions since the creation of the cryptocurrency in  transactions and ensure they cannot be changed by 


ledger; Bitcoin operates on a global, peer-to-peer  single person can change the ledger to suit their personal   transactions, with Bitcoin given as a reward to those who 


WHAT ARE THE BENEFITS OF CRYPTOCURRENCIES AND BLOCKCHAIN TECHNOLOGY?


    by anyone with a cryptocurrency wallet, without the need    nature of the blockchain makes chargebacks impossible,  blockchain technology also has a number of far-reaching  


WHY ARE PEOPLE IN THE GAMING SECTOR PARTICULARLY EXCITED ABOUT THIS TECHNOLOGY?


Gaming has been at the forefront of the rise of   gaming sector, the blockchain offers huge potential for     But we are only just starting to scratch the service of  blockchain-based systems that will do everything from simplifying the on-boarding process, strengthening KYC,    gambling operator and supplier will have some type of  


Gaming has been at the forefront of the rise of cryptocurrencies


Within five years, every major


gambling operator and supplier will have some type of blockchain-based system built into their operation


Next time: Where the blockchain and


cryptocurrencies fit within gaming regulation


CIO JULY 2019 55


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72