A Game Above

Bill Pascrell III has been unveiled as the new president of customer experience marketing agency A Game Above where he will direct and lead outreach and operations across the USA and Canada.

The company specialises in work across a number of business verticals, with clients targeting consumers, other businesses and content partners targeting community audiences.

Jakob Famme, A Game Above COO, commented: “Bill Pascrell III was our first choice to lead and grow A Game Above in the important North American market. As the individual who led the precedent-creating campaign to legalise sports betting in New Jersey – a model that is now followed across the USA – his network, knowledge and know-how is unparalleled in the industry.

“We’re honoured to have him introduce A Game Above to North America, especially given the need to constantly convert and retain customers across the hybrid online and brick and mortar distribution channels that many A Game Above promotions are focused upon.

“As quarantine curfews relax, and the public return to play on property as well as online, we look forward to helping betting and gaming clients gain, retain and maintain their player audiences across all channels and products by leveraging our customer experience promotions.”

Spectrum Gaming

Juliann Barreto has been named as the new chief financial officer and chief administrator of Spectrum Gaming Group, after having first started with the firm in 2018.

Lauded as being “instrumental in the growth, development and operations” of the organisation, Barreto’s experience is said to have played a significant role in assisting clients worldwide with economic regulation and policy within both the casino gaming and hospitality industries.

Additionally, Barreto is the financial director for the National Council of Legislators from Gaming States, for which Spectrum serves as executive director.

Prior to working at the group, Barreto was the CFO for international restaurant and real estate firm, Aoki Group. She also is a co-founder of a popular Miami-based restaurant.

Barreto started in the gaming industry in 2007 working for Ernst & Young, where she advised private equity firms in the acquisition of hotels and casinos.

Quanta

Isle of Man based blockchain lottery operator Quanta has added further experience to its expanding roster after appointing Frank Schuengel as it’s Nigerian subsidiaries new chief operating officer.

The group asserts a current focus of streamlining business activities and rolling out an updated version of its innovative blockchain lottery product throughout Africa, starting with Nigeria.

Quanta’s board of directors made the decision to appoint Schuengel as the new COO after a thorough analysis and review.

“I am delighted to welcome Frank as our COO,” noted Harmen Brenninkmeijer Quanta’s CEO. “Experienced management will be vital for the success of Quanta.

“Frank is an e-gaming industry veteran whose global expertise and technical knowledge will benefit the company on its road to commercial success. I am confident that his extensive skillset and proven leadership will help us to focus on our goal of delivering value for our clients and shareholders.”

BetSperts

Sports betting social platform BetSperts has completed its Q1 seed round of funding led by Parlay Capital Holdings.

In addition to completing its first financing, the crowdsourced firm has added David VanEgmond, the current head of strategy and corporate development at Barstool Sports and former Head of Strategy at the FanDuel Group, to its Board of Directors.

In the funding statement, new appointee VanEgmond commented on his addition to the board, saying: “I am thrilled to be joining the board to help support the next wave of innovation and growth for the company.

“BetSperts is extremely well positioned to be the digital community for sports bettors. Their engaging and transparent platform is unique in the sports betting market which is continuing its significant expansion in the US.”

The post Part 29 | On the move: Recruitment round-up appeared first on CasinoBeats.

Fantasma Games

Stockholm based game studio Fantasma Games has signed up the co-founder of Quickspin Mats Westerlund as partner and senior adviser.

Lauded as boasting a solid track record of producing successful slots such as Starburst (NetEnt), Jack Hammer (NetEnt) and Big Bad Wolf (Quickspin), Fredrik Johansson, CEO and founder of Fantasma, expressed delight at the appointment.

“I couldn’t be happier right now. My friends at Fantasma made me love the idea of working with games again,” stated Westerlund.

“They are a group of passionate people with great management and culture. This is an excellent way for me to have fun as an adviser, and also produce a game or two with an exceptional team. I can’t wait to get started.”

Quanta

Blockchain lottery operator Quanta has announced the appointment of Ioannis Papachristou as the SVP and managing director of the company’s Isle of Man branch.

Experienced in managing operations and projects, Papachristou is lauded as a “dynamic and motivated professional” with a proven record of managing projects from concept to completion.

“Ioannis is able to respond quickly to changes that occur on a daily basis in fast moving industries.“ said Harmen Brenninkmeijer, Quanta’s CEO. “As a member of senior management, the managing director is also expected to promote expansion and innovation within the industry.“

Raketech

Raketech has continued to strengthen its senior leadership team after naming Oscar Karlsten as the company’s new chief operating officer.

He joins Raketech from the role of chief information officer and chief product officer of Catena Media, where he was responsible for the group’s product vision and roadmap towards scalable growth. Prior to working at Catena Media, Karlsten was the CEO at Avantime Group, having also worked at Toca Boca and Google.

Karlsten joined the company earlier this month and will take responsibility for Raketech’s central operations, product development and investments, as well as focusing on the group’s creative content, SEO and UX.

Oskar Mühlbach, CEO at Raketech, commented: ”Oscar’s extensive experience within the digital marketing industry brings many valuable insights and expertise to Raketech.

“With him onboard, we have now secured the last piece of the management puzzle and I am very much looking forward to seeing him accelerate our transformation from affiliation to the igaming performance marketing partner.”

Kalamba Games

Casino games developer Kalamba Games has appointed Piotr Simon as product owner as the company looks to deepen and expand its product offering and remote gaming server.

Praised as coming with “substantial industry” experience gained from his time at Game Desire and Yggdrasil, Simon will spearhead the company’s product development with the firm set to fully roll-out its own RGS and promotional tools later this year.

“As we move into another year of unprecedented growth, we are naturally looking to further strengthen the team with top talent and we’re really pleased to have Piotr on board to help build even more great products,” noted Alex Cohen, COO at Kalamba Games.

“Piotr has deep experience of developing great promotional tools and this will be invaluable to Kalamba as we enter a new stage of growth over the coming months.”

The post Part 28 | On the move: Recruitment round-up appeared first on CasinoBeats.

Scientific Games

US gaming tech firm Scientific Games has confirmed that Michael Eklund will become chief financial officer on June 1, 2020, replacing current CFO Michael Quartieri.

Quartieri will remain full time with the company until June 30, 2020, and will subsequently serve in a consulting role through to December 31, 2020.

Eklund spent more than 20 years at Dell Technologies in both financial and operational roles, including leading the value creation and integration function for the $67bn Dell-EMC combination and serving as CFO of Dell’s $40bn-plus Client Solutions Business Unit and Global Operations organisation.

Barry Cottle, Scientific Games CEO, explained: “Mike Quartieri has done an outstanding job over the last four years building a world class financial team, revitalising our financial management and refinancing our debt. The board of directors and I are very grateful for Mike’s constant dedication to the success of the company and its people.

“Mike now wants to move to a new industry with new challenges after many years in the gaming business. He wanted to leave earlier this year but, after the COVID-19 pandemic hit, Mike agreed to stay to help the company with that crisis.

“Mike has led our efforts to reduce our cash burn while preserving key operations, developing plans to manage through the pandemic, preparing to be an even stronger competitor as we emerge from the crisis and working with our lenders to get our credit agreement amended to provide covenant relief. With those key steps taken, we are now ready to proceed with the transition to a new CFO.”

MoneyMatrix

EveryMatrix’s global payments gateway MoneyMatrix has appointed Samoil Dolejan as the company’s new chief executive officer effective immediately.

Dolejan is to be charged with strengthening operational capacity, expanding the entity’s client portfolio, and continuing to increase an ever-growing offering of payments solutions.

As a part of EveryMatrix, MoneyMatrix is based in Malta and is a standalone financial institution regulated by MFSA. MoneyMatrix is currently handling over €100mn in monthly transactions, while successfully catering to over 60 igaming merchants.

Ebbe Groes, Group CEO of EveryMatrix, comments: “I am delighted to have Samoil on board as the CEO of our payments company. Samoil’s experience with EveryMatrix gives him the competitive edge a person in this role needs to understand the operational and financial requirements of clients.

“Over the years, Samoil has become a trusted stakeholder in the company, and I do not doubt that he can keep MoneyMatrix on the path of prosperity and success. He can run the long marathon, not take the easy route, and still achieve his ambitions, which proves he’s the right man for this job.”

Soft2Bet

Casino and sportsbook operator group Soft2Bet has bolstered its operational capabilities after naming Inesa Glazaite as new head of B2B sales, bringing experience from previous senior positions at Omnitel, Sergel Group and most recently NetRefer.

Glazaite’s responsibilities now entail promoting Soft2Bet’s burgeoning B2B offering, featuring products such as Fezbet, a platform boasting 3000 casino games from over 35 providers alongside a variety of sports betting options.

Soft2Bet CEO Boris Chaikin commented on the new hire: “Inesa brings years of impressive commercial experience and an exemplary professional skillset, so we are delighted to welcome her into the Soft2Bet family.

“We have no doubt that Soft2Bet’s cutting-edge B2B portfolio will continue to go from strength to strength under Inesa’s leadership, with a host of exciting launches and major agreements in the pipeline for 2020.”

Quanta

Isle of Man based blockchain lottery operator Quanta has unveiled the appointment of Stelios Michaelides as the group’s new chief compliance officer.

Bringing in excess of 40 years of managerial experience, in which he has ensured optimal financial and business operations across diverse geographies and sectors, Michaelides has been described by his new employers as a strategic thinker that is both internationally-minded and versatile.

Harmen Brenninkmeijer, Quanta’s CEO, stated: “Stelios has sound judgment and ability to identify and resolve complex issues in a dynamic environment. I am confident that he will further Quanta’s ability to successfully navigate the ever-changing business and regulatory landscapes.”

The post Part 27 | On the move: Recruitment round-up appeared first on CasinoBeats.

Developed with ‘the mass market in mind’, Quanta will supply operators with an array of game types from a variety of providers to help them enhance their online casino offering. 

Game types offered include a selection of slots, table games, live dealer, instant wins, crash games and bingo titles, bringing a ‘one-size-fits-all solution’ that can ‘lead the way on price’ to make it a suitable fit for operators.

Quanta will add more studios to the platform in due course, with the first wave of operator partnerships set to be announced soon.

“We are positioning Quanta as a low-cost, high-value game aggregation solution that allows operators to gain access to a vast library of games from industry-leading studios for a fraction of the price they are currently paying,” noted Dee Maher, CEO at La Royale Gaming Investments.

“Of course, we are also keen to work with as many studios as possible, allowing them to leverage our massive distribution network and get their games in front of more brands and players than ever before and for a price that allows them to ensure sustainable success.

“Quanta really is the first mass-market aggregation platform, and we believe that it is going to change the game for operators and suppliers, and more broadly, the way content is delivered to casinos and their players.”

Leading with Quanta, La Royale Gaming Investments has plans to use mergers and acquisitions to ‘make its mark across all areas of the industry’.

The post La Royale Gaming Investments launches Quanta aggregation platform appeared first on CasinoBeats.

The appointment follows on from a strategic review conducted by Dynamic Partners, which resulted in Quanta’s board of directors being impressed with Brenninkmeijer’s vision for the operator’s future.  

As a result, the board subsequently made it their priority to secure Brenninkmeijer’s commitment to lead Quanta through this period of change and onward through the company’s next period of evolution as it aims to utilise blockchain to create gaming solutions that enhance potential whilst lessening barriers to entry.

Discussing the appointment of its new CEO, Quanta stated: “Harmen is the ideal person to lead Quanta. He has significant experience in gaming as an operator and as a supplier and has a unique understanding of the challenges of all parts of the gaming business. 

“He has worked in many countries and his network will help Quanta to expand its reach and establish new customers and partnerships in high growth markets. Harmen led the strategic review undertaken by Dynamic Partners and has made, and will implement, the recommendations resulting from the review. 

“Harmen will focus on the stabilisation of the company, resetting the vision and the implementation of best practice across business development, product development, operations and management.”

Brenninkmeijer, who has a reputation for introducing unique products and adopting new technologies, joins Quanta with a wealth of experience garnered from his time working in regulated gaming sectors across emerging markets.

Having worked in over 70 countries actively supplying gaming equipment, advising and developing the gaming industry, the new CEO most recently formed the Global Chain in 2016, as a vehicle to establish equity projects.

Discussing his experience and future vision for Quanta, Brenninkmeijer added: “You can see from my track record that I have always had a great interest in emerging technologies in the gaming space. My feeling is that Quanta is the leading proponent in the development, operation and support of regulated gaming solutions that utilise blockchain. 

“Our vision is to be the leader in this new space and to develop solutions that are low cost and so suit both highly competitive as well as emerging markets; are tech and currency agnostic to provide as broad coverage as possible; are decentralised where feasible to deliver transparency to the user and the regulator; and that are flexible enough to enable the discovery of new business models. I am hugely positive and excited about Quanta’s future.” 

The post Quanta appoints Harmen Brenninkmeijer as CEO appeared first on CasinoBeats.

Quanta, the blockchain lottery specialist, aims to address some of those doubts at SBC Digital Summit Africa when it hosts the special ‘Everything you wanted to know about blockchain gaming but were afraid to ask’ session at 11:00 CEST on Wednesday 7 October. 

The AMA-style session will see Harmen Brenninkmeijer (CEO, Quanta), John Kamara (SVP, DappTricity), and Ian Sherrington (CPO, Quanta) answering questions from the audience, who can submit their queries in advance here. 

Ahead of the session, Brenninkmeijer told CasinoBeats about some of the advantages of blockchain and what needs to happen for it to go mainstream. 

CasinoBeats: What advantages does blockchain offer to both local market and international gaming operators? 

Harmen Brenninkmeijer: Player vs casino. This is a never-ending battle, with many people constantly trying to beat the casino, but often not having the trust. Therefore, security and innovation are paramount. With the blockchain, wagers, transferring funds, getting paid and having better escrow possibilities as well as having a blockchain-based RNG (fully on the chain), in combination with many other improvements related to the games and the backend systems, make it easier to be more transparent. 

The conundrum, however, is that as many countries lack clear cryptocurrency regulations, then the industry is pushed into the grey zone, while it actually can be a far more transparent and profitable solution for the governments today.

So in my advice to governments, I stress that if they really want a healthy, honest and transparent igaming industry, they should accept blockchain technology. However, please don’t mix this with the cryptocurrencies as we are talking about two very different things.

Now, just to spend a minute on the land-based side of the business, remember that the technology allows for casinos around the world to better communicate with each other, by stopping foul play.

For example, we can verify the players, link them to their blockchain ewallets, enable better controls and exact compensation for the comps. We can trace the assets of the casinos, we can manage the systems and better secure all that’s to be reported properly.

CB: The public perception of blockchain appears to have been unduly influenced by media reporting of some high-profile cryptocurrency scandals. How can players be convinced to trust a blockchain casino or lottery?   

HB: First, we have to separate the blockchain technology from the use of cryptocurrency. Leaving the crypto aside, we should talk about what the technology can do and how it can provide far better transparency to the players. It will also enable them to feel more secure and we even go as far as offering solutions whereby they can check the outcome of every slot spin with a product called Ginar. 

We have the experience to tie the smart contracts to many more of the industry’s complexities. For example, can you imagine how much better a VIP player can fill up his ewallet and play with clear conditions listed into the smart contract? The level of trust can be increased dramatically and, in my view, it would make many more smaller players far more receptive to placing bets.

CB: How do regulators and governments view the idea of blockchain being used in the betting and gaming industry? Are there any benefits for them? 

HB: This is where the difficulties are. The gaming regulators are dependent upon other areas within government and we all know that finance ministries or some committee has far more power and holds sway over what happens within the gaming industry, despite often not knowing much about the specifics of gaming at all. 

So I can give you an example where we are negotiating with governments to launch a blockchain lottery and many regulators say ‘oh that’s a different licence and needs to be created and charged for’.

That clearly shows that people don’t understand that one can play a blockchain lottery under the same conditions and with the same fiat money as one would do with normal lottery. But maybe the truth is in the middle; often if they can make something more out of it they will. 

At this stage we’re educating gaming regulators of what it is, while spreading the message further up the totem pole.

CB: What do you think the breakthrough product (gaming or otherwise) will be that drives blockchain into the mainstream?

HB: I believe a number of potential breakthroughs could help. First of all COVID-19 showed the power and strength of igaming and the growth in its numbers. But truth to be told, there is more growth in the grey area of this segment than in the regulated area. This means that governments need to wake up and regulate more. 

We can help and create better transparency to make that happen. We can account for every penny being bet when using the blockchain technology, no matter if this is for a lottery ticket, sports bet or casino spin. So governments need to show willingness to regulate the industry and demand this level of transparency.

Secondly, we have the ability with blockchain technology to show more possibilities for the players to be in control and enable them to verify every bet outcome. This means that if the players are more educated and receptive, they should demand this level of transparency. 

Maybe a few more scandals will help to create this movement. With this, I mean can the players really trust the return to player percentage being what it should be? Many people don’t understand that the proper regulated operators run slots that pay back around 95 per cent of the money bet. In my view this is one of the key reasons why the percentage of real money players is still still less than 10 per cent in most countries.

Thirdly, I believe that as the technology is improving, we can come up with more, faster and better games. That’s needed, as at this stage the tech is developed by too few people. That’s changing but takes time. 

As you can see, what we as blockchain technology developers can create will have the ability to get more people to play together and have a trustless way to really bet against one another and not the house. Blockchain technology will make this far easier. 

CB: And finally, could you tell our readers a little about Quanta’s blockchain lottery products and how they differ from traditional lotteries? 

HB: We have several unique products and components. Let’s start with the number draw. We have a system called the Quanta Randao and are able to have, for example, disabled people in Sierra Leone make money by punching numbers and earning money automatically that’s being deposited in their ewallet and which they can exchange. The numbers are being used to determine the outcome of the lottery, which is fully end-to-end on the blockchain, unlike all our competitors. 

This means that we have no weak points and that the contracts are fully transparent determining who the winners are. The players can therefore determine how people played, which prices were hit and what has been paid out. This level of transparency is not found in a traditional lottery. Do you know how many people bought a ticket and which prices are being paid? Yes, they might tell you, but it’s not available at your fingertips as it is with us. 

The SBC Digital Summit Africa virtual conference and exhibition takes place on October 6-7, 2020, and features more than 60 expert speakers sharing insights about the opportunities for the betting and gaming industry in markets across the continent. It is free to attend and passes are available here.

The post Quanta: Everything you <br> wanted to know about <br> blockchain gaming appeared first on CasinoBeats.

During a 40 minute discussion on day two of SBC Digital Summit Africa in a session titled ‘Everything you wanted to know about blockchain gaming but were afraid to ask’ the panel discussed the uncertainty surrounding what blockchain has to offer and how it actually works in a gaming environment.

Speaking on the mentality of regulators in Africa, Kamara believes the industry has started to adopt its approach to blockchain: “We’ve started to see a few more regulators, who have started to think about it more from a centralised platform, so now showing them the power of the blockchain and the incorruptible nature of it means that were now beginning to show regulators that this is better than doing it on a centralised network.”

Harmen Brenninkmeijer, CEO of Quanta, moderating the session, expressed that running a blockchain company, at the moment is ‘quite challenging’ explaining: “Running a blockchain company today is quite challenging, not in the sense that it’s like any other technology that needs to find early adopters, it’s challenging because of all the negativity that hangs around our industry.”

Joining Kamara and Brenninkmeijer on the panel was Ian Sherrington, CPO at Quanta, who explained the importance of educating more people about blockchain. 

“Quanta set itself out to be the first blockchain lottery available to the general public and in order to achieve that a lot of understanding about blockchain was necessary, a lot of experience was needed to be gained and most programmers come back from a standard client architecture and when you’re talking about blockchain you need to throw those old ideas out and you learn some new ways of doing things.” claimed Sherrington. 

“For me the blockchain is the cryptographic proof of a transaction of a digital identity. It’s something that can not be corrupted and something that distributes ledgers, transactions, and value means that the user is maintaining control. 

“When we started out with QuantaPay the very first thing that we needed to do was to create a wallet and why do we need a wallet? A, to store your crypto tokens but secondly to sign transactions. 

“On a blockchain you can’t sign a transaction on a users behalf so an operator that’s running a sportsbook or casino, their used to transferring money or placing bets on behalf of the user, despite the user saying ‘I wanted to do this’ it’s actually the company who is carry that transaction out. 

“In the case of a blockchain, it’s the users themselves who are carrying out the transactions. So the user maintains control over the value that they hold in their balance/wallet.” 

Following Sherrington’s point, Brenninkmeijer asked the question why it’s not more widely accepted by operators at present. Karama responded: “Speaking from a business perspective, it’s a disruption to the way that they currently work and because people think in silos. It’s not a sign of they don’t want to adopt it but it’s a sign of mentality. 

“If I am in silo I can manage competition whereas in this type of network it’s a little bit more thinking for them to understand that it’s a lot more valuable for them and it saves them time and money to generate more revenue.”

SBC Digital Summit Africa (6 – 7 October 2020) is the leading virtual conference and exhibition for the African betting and gaming industry. It features more than 60 expert speakers sharing insights and ideas about the future of markets across Africa, with all 17 conference sessions available both live and on-demand. 

Delegates can also enjoy a programme of networking roundtables and an interactive product display area showcasing the latest industry innovations. Click here to register for your free pass.

The post Blockchain in Africa: Next <br> few years critical in <br> regulatory adoption appeared first on CasinoBeats.

A number of companies can usually be found laying claim to the title “game changer” but Quanta has undoubtedly done that for online lottery operators by becoming the first licensed blockchain lottery in the world.

Not only that, we recently held our first Quanta Prize Draw on the Isle of Man where ticket
sales met our ambitions and continue to grow at a steady rate.

Being a pioneer in any sector is tough, but there are additional challenges that come with
operating in the igaming sector. For this reason, the Quanta journey from inception to launch has been full of highs and lows, with many lessons learned along the way.

These are three of the toughest hurdles we had to clear – and how we cleared them.

Working with regulators

The igaming industry has been flirting with blockchain technologies for some time now, but
regulators in markets all over the world have been cautious about its scale and scope.

This has made it difficult for developers and operators to launch blockchain technologies in a meaningful way as platforms must be licensed if they are to be deployed in core markets.

At Quanta we were very aware of this, so began searching for a regulator that understood blockchain and cryptocurrency. This led us to the Isle of Man.

The Financial Supervision Authority has a Designated Business Act that permits our operations and, along with the island’s Gambling Supervision Commission, are incredibly well-versed in blockchain. We have adapted our business model and technology to suit their frameworks.

With our GSC licence in hand, and with the Quanta Lottery now in operation, we hope to
work with technology businesses around the world and encourage them to embrace blockchain.

Continuous learning

Whenever developing a new technology, there is a lot of learning that takes place as
you move through the process.

We spent a lot of time and money on making sure we fully understood the technology and how it could be used to deliver what we had in mind. We are still learning today and are constantly fine-tuning our technologies to ensure they deliver this best possible experience to our partners and players.

Payment processing is a complex field

One of the toughest challenges we faced was around payment processing and finding the
right solution for our needs.

In the end, we adopted the use of Ethereum but have plans to deploy new technologies to
wider the scope of payments to alternative cryptocurrencies and FIAT currencies.

In addition to the above, one of the lowest points throughout the Quanta journey was the
time it took to make progress.

Many months would pass between design, development, testing and redeploying. During this time the entire team was working flat out towards our ultimate goal of holding the first Quanta Lottery draw, but it just took longer than we expected.

Countering this, the highest point so far was holding the very first Quanta Prize Draw. It was a fantastic feeling, the culmination of so many hours of hard work and dedication.

To finally hold a draw that attracted real players and for it to have run smoothly was a milestone moment and a morale booster for the entire team.

Lessons learned

There are too many lessons learned to list here, but overall the main lesson has been in
ensuring all of the small things tie together to create the business we have today.

Progress is made by taking small positive steps and even if the end goal may seem like a
long way off, keep working towards it and appreciate each step made.

By doing this, Quanta has reached and surpassed all of the goal we initially set. Being a
game changer is tough, but ultimately very rewarding.

The post Quanta: The highs and lows of being a game changer appeared first on CasinoBeats.

Quanta has proved that a licensed blockchain lottery not only works in practice but that it can be a huge success among consumers. 

Being the first in the world licensed blockchain lottery from the Isle of Man Gambling Supervision Commission, we held our first Quanta Prize Draw in January this year.

The number of tickets sold for the inaugural draw surpassed our expectations and sales have grown steadily over the proceeding weeks.

But what does the success of blockchain lottery mean for traditional online lottery operators and products? And what can they do to leverage the power of blockchain?  Establishing a player base can be tough as consumers often lack trust in online operators and especially resellers.

Operators must therefore prove to players that they are reliable, that draws and
outcomes are random and fair, and that they will receive any winnings without delay.

Blockchain is the best technology for doing this.

“Combining thE technology with a licence from a trusted regulator removes trust issues“

For example, players will be able to audit the draw and verify the outcome for themselves. Winnings are paid into their wallets. In addition to this, the blockchain is a decentralised ledger and cannot be altered, and the technology also provides superior security compared with legacy platforms.

Combining this technology with a licence from a well-established and trusted regulator such as the Isle of Man Commission removes any trust issues players may have.

Quanta and other blockchain pioneers have been pushing the technology into a position where it has started gaining wide recognition across different business industries. The remote gambling industry is among those that can see the great benefits, especially when it comes to transparency and credibility.
For these reasons, adoption is gathering momentum. Of course, there are still sceptics with concerns around how the technology can be used alongside existing platforms.

One of the questions often asked is whether operators must migrate fully to the blockchain, or whether it can be done piece-by-piece.

Quanta, with its end-to-end blockchain lottery platform and products, can be the upmost reliable white-label partner to the lottery operators and can ensure either a piecemeal or a Big Bang transition.

We believe it is only a matter of time before all online lottery operators use the blockchain to power draws, decide the outcome of games and process payments. We are operating at the cutting edge of the technology and will continue to push the boundaries and improve consumer experience.

As the benefits of the blockchain outweigh other platforms, naturally we will see operators embrace the technology and adopt it themselves.

It really is a case of innovation trumping tradition.

The post Innovation trumps tradition, says Quanta’s Farris appeared first on CasinoBeats.