The TruePlay gambling platform team presented their product at the seventh annual BlockchainUA conference in Kiev.
Alexander Antsiferov, head of TruePlay development, spoke about the main problems of online gambling, why blockchain is able to solve them and how these solutions are implemented in TruePlay technology.
One of the solutions mentioned in the report is the TrueSign blockchain module. The module is integrated on the side of the game developer or controller and prevents the casino from changing game data. The TruePlay solution has been integrated by a major Spinomenal game provider.
Another solution is the TruePlay Affiliate Program. The program is implemented using smart contracts on the Ethereum blockchain and, according to the developers, is applicable in any field where online payments are used, including betting, dating services and online stores.
TruePlay provides a set of blockchain solutions for the gambling business. The technology of the project makes the gaming and financial statistics of online casinos public and provable: all in-game transactions take place in ERC-20 tokens, and all events are recorded in a smart contract.
In addition, at the conference, the company announced a partnership with a major regulator in online gambling Curaçao eGaming. According to the representatives of the project, this is the first example of cooperation in which the regulator is ready to use the blockchain solution to monitor compliance with the license conditions.
In the final report, Alexander added that the TruePlay solution fits the needs of tax reporting. The project is ready to share technologies with state authorities of Ukraine if the government decides to legalize the gambling business.
BlockchainJournal previously reported that users of FairPlay casino, built on TruePlay technology, won about $ 4.5 million in TPLAY tokens.
BlockchainJournal.news
BlockchainJournal.news
