BITBOSS
BitBoss
An innovation allowing both land-based and online casinos – and their customers – to save money with a secure blockchain-based system is not too good to be true. It’s reality – as Matthew Dickson, BitBoss CEO and founder explained to Casino International
Casino International: What is BitBoss? Matthew Dickson: BitBoss was founded to bring blockchain technologies to the real-money gaming space. We basically use blockchain to make real- money gaming more efficient, more transparent, more accurate and to help casinos – land based and online – wring out inefficiencies.
CI: What is blockchain and how does it benefit a land-based setup? MD: Blockchain is essentially a ledger that allows for the tracking of credits moving back and forth. It does it in a very special way so you do not need a central arbiter of truth like a bank; I can pass credits to you across a blockchain and you would know with 100% mathematical certainty that those credits are valid. With
34 MAY 2021
a traditional bank if I pass credits to you we need to have an arbiter between us that validates the transaction, yes, Matt had those credits and now Jon is the owner; with blockchain we can do that without having any companies between us. Why that’s important for land-based gaming is an
interesting use-case. What you have going on now is a whole movement from a cash-based system, you have to go to an ATM, take out cash, then insert the cash into the slot… it’s always the way it’s been, there are very few instances where you can use a card right at the slot machine. It’s always been frowned upon. But now we have the advent of more instant ways to transfer money, you have mobile applications that allow people to interact and use their money differently. In Europe you have instant payments, and one day we
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