CASINOCOIN
Bringing blockchain into regulated gaming
In the second part of our ongoing series, John Caldwell, Director of Advocacy at the CasinoCoin Foundation, looks at how blockchain technology
T
he rise of cryptocurrencies and blockchain technology over the past couple of years has been something of services, banking and gaming are only now beginning to catch up. Many saw the growth in popularity of this technology as an opportunity to launch products outside of the appropriate regulatory framework. decentralized nature of these blockchains as they were not operating or hosting the
Others launched their own cryptocurrency tokens were purchased with fiat currency or as Bitcoin or Ether, and would act as either a
THE REGULATORS STRIKE BACK
services authorities around the world generally cryptocurrency sandbox at the start of the period, where the regulator is accepting Meanwhile, the Isle of Man has a dedicated blockchain office, as well as the Hubb, a co-working space and incubator for
Since the beginning, CasinoCoin has opted to work closely with believe the only way to build a sustainable future for blockchain
sector as a whole, this technology has a great
provide regulators with unprecedented access to transactional history via a proprietary
BLOCKCHAIN AND BEYOND
already ways operators and suppliers can creation and transfer of cryptocurrencies, and
quantities of data is one particularly each and every spin of its wheels around the provide the strongest check yet against Elsewhere, we see other areas within the particularly interesting area where such a forward-thinking and creative operators and suppliers rolling out such products in the on the opportunity when the regulators do
cryptocurrencies and blockchain within the west phase begins to fade, true blockchain
GIO SEPTEMBER 2019 97
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