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Gambling on the blockchainShutterstock
It seems that blockchain could become a real turning point for the iGaming industry. However, the biggest challenge of every gaming company today is the question of trust. Players of online casinos can be deceived and it is impossible to be sure that the results of the games have not been manipulated.
Considering both obstacles, the biggest players in the gambling market have the strong feeling that blockchain can become the only reliable option for the industry to keep growing. In addition to blockchain capabilities to protect bets and transactions, digital resources have a lot of benefits for those who want to play for money. All personal and financial data are protected and protected, there are no limits for transactions, withdrawals are processed without the participation of third parties, which means no additional costs. And on the whole, the whole procedure for making deposits and payments requires less time and effort.
A new crypto casino FairPlay.io it could be cool evidence that a crypt revolution in the gaming industry has already begun. FairPlay is based on a call blockbin b2b platform TruePlay.io and offers games that can not be counterfeited thanks to blockchains and smart contracts. Using the complex solution of TruePlay, online gaming projects can provide loyal and blockchain-protected business to all market members: game providers, affiliates, players.
I spoke with Stanislav Makarchuk, CTO of TruePlay and one of the pioneers of the development of gaming in the CIS countries, with his draft game of debut game that was released in 2002.
What exactly is your solution and how do you expect to change the online gambling industry to improve?
"At the start, we analyzed the market, made dozens of interviews with its participants and we learned more about existing solutions.With all the data collected, we realized that there is no one able to offer complex software that can effectively provide transparency and solve problems for all members of the ecosystem.It is a complete b2b platform for licensed online gaming projects and is not involved in gaming operations per se, but can be integrated as a form of security For gaming sites, TruePlay is to authenticate games through blockchain and provide help in ensuring players that all their bets are correct and safe. "
Makarchuck explains that TruePlay provides full access to gaming statistics. All transactions are linked to the partner from the time of registration until posting in the blockchain. Players can be sure that the statistics are true and complete, as TruePlay receives it directly from the Game Provider, making it impossible for the operator to intervene. I'm very intriguing, I'm sure, and if it works, it will surely be a game of chance for industry.
He adds that webmasters can rest assured that traffic is not cut, operators and game developers receive a decentralized access structure to their game content and are protected by a copy of their brand and games. TruePlay has its own system of transactions that allows fast token deposits, eliminates the headaches of long periods of suspension and additional costs based on the commission of the single casino. Definitely a bold declaration that seems to offer a solution to the security and fraud problems that currently afflict industry.
Stanislav Makarchuk, CTO Trueplay.ioCorrectness
Have you already implemented TruePlay in online games?
"Our solution works for both online multiplayer games and gambling projects, and we have partnered with several licensed game providers that have long been known on the market, but one of the first projects we have connected is FairPlay status – an online casino released by Gamingtec. FairPlay is the first encrypted casino with honesty control that offers its players deposits in cryptocurrencies: BTC, ETH and TPLAY tokens ".
How does this integration with the FairPlay casino work?
"TruePlay aims to facilitate faster payments with the TPLAY token when a new player registers FairPlay Casino, we automatically create a TruePlay portfolio. Furthermore, it allows players to access their statistics in real time allowing fair play. Providing players with full data access to all their games and even operator data can help players make smarter, more informed decisions about their style of play.
Interestingly, Makarchuk explains that TruePlay publishes the result of a game in HASH before the game starts, sealing the results in a tamperproof way, ensuring that the results are formulated before the bets are placed on the table. As we all know, Blockchain allows faster and safer transactions. Traditionally, a withdrawal from an online casino can take several days, but the blockchain technology incorporates smart contracts into its online transactions thus making everything superfast, says Makarchuk.
I heard about some encrypted casinos that were released during the last year. Why do you state that FairPlay stands out from the crowd?
"Using our technical solution, Correctness is the first of the gambling projects to offer a blockchain honesty control. With this functionality implemented, all bets and game results are protected and hashed by the TruePlay smart contract. Real-time game statistics are published in the blockchain, which does not affect the results of the game in any way. Thus, players can be sure that it is impossible to falsify the result ".
Do you foresee that TruePlay has many competitors in the field of gaming platforms?
"The online casino market has had a bad reputation for a long time, and Blockchain can help us regain confidence, and with its open source technology, every transaction can be verified and players can be assured that no fraudulent activity can damage their games. they support us in bringing transparency to online gambling, the better it is, so we will be happy to see that more partnerships come together in our way.For us, the most important thing is to develop technically sound and reliable solutions to offer affiliates and to game providers a fair and loyal business as well as fair games for players.
To help the online gambling game evolve faster, Makarchuk explains that Trueplay is actively developing the affiliate program based on blockchain technologies and smart contracts. The use of the TruePlay partner affiliate program will make it impossible to manipulate attracted players. All participants in the program will receive a fully automated mutual payment system. Traders will not be able to influence payments, change players' balance or statistics, he adds.
Last month, at SiGMA, I had the opportunity to meet with your team after winning the ICO award as best during the Malta Gaming Awards. How do these competitions help you evolve the product?
"The award was a real source of inspiration for us, we are in a private sale phase, yet we have been recognized by industry experts, making us believe that we are doing the right thing and we should continue to work even harder. New features will be released soon – for example, we will use the TPLAY token to bring various gambling projects into a blockchain-based, unified ecosystem, with a deposit and withdrawal mechanism that could work on the whole system and where players authorize once and use their account to play on different casinos. & nbsp; Our goal is to harness the full potential of blockchain technologies to make online gambling more transparent and reliable, and events like SiGMA help us to make people known the revolution in online gambling ".
According to the latest reports, by the end of 2023, the gambling market should grow to 525 trillion, while the share of online business can reach 82 trillion. These numbers can increase even more if blockchain adds its value to the market by providing online games and casinos with a reliable platform where players can make safe bets and secure transactions. Incredible figures certainly and one waits to observe how this rapidly evolving landscape will eventually evolve.
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Gambling on the blockchainShutterstock
It seems that blockchain could become a real turning point for the iGaming industry. However, the biggest challenge of every gaming company today is the question of trust. Players of online casinos can be deceived and it is impossible to be sure that the results of the games have not been manipulated.
Considering both obstacles, the biggest players in the gambling market have the strong feeling that blockchain can become the only reliable option for the industry to keep growing. In addition to blockchain capabilities to protect bets and transactions, digital resources have a lot of benefits for those who want to play for money. All personal and financial data are protected and protected, there are no limits for transactions, withdrawals are processed without the participation of third parties, which means no additional costs. And on the whole, the whole procedure for making deposits and payments requires less time and effort.
A new crypto casino FairPlay.io it could be cool evidence that a crypt revolution in the gaming industry has already begun. FairPlay is based on a call blockbin b2b platform TruePlay.io and offers games that can not be counterfeited thanks to blockchains and smart contracts. Using the complex solution of TruePlay, online gaming projects can provide loyal and blockchain-protected business to all market members: game providers, affiliates, players.
I spoke with Stanislav Makarchuk, CTO of TruePlay and one of the pioneers of the development of gaming in the CIS countries, with his draft game of debut game that was released in 2002.
What exactly is your solution and how do you expect to change the online gambling industry to improve?
"At the start, we analyzed the market, made dozens of interviews with its participants and we learned more about existing solutions.With all the data collected, we realized that there is no one able to offer complex software that can effectively provide transparency and solve problems for all members of the ecosystem.It is a complete b2b platform for licensed online gaming projects and is not involved in gaming operations per se, but can be integrated as a form of security For gaming sites, TruePlay is to authenticate games through blockchain and provide help in ensuring players that all their bets are correct and safe. "
Makarchuck explains that TruePlay provides full access to gaming statistics. All transactions are linked to the partner from the time of registration until posting in the blockchain. Players can be sure that the statistics are true and complete, as TruePlay receives it directly from the Game Provider, making it impossible for the operator to intervene. I'm very intriguing, I'm sure, and if it works, it will surely be a game of chance for industry.
He adds that webmasters can rest assured that traffic is not cut, operators and game developers receive a decentralized access structure to their game content and are protected by a copy of their brand and games. TruePlay has its own system of transactions that allows fast token deposits, eliminates the headaches of long periods of suspension and additional costs based on the commission of the single casino. Definitely a bold declaration that seems to offer a solution to the security and fraud problems that currently afflict industry.
Stanislav Makarchuk, CTO Trueplay.ioCorrectness
Have you already implemented TruePlay in online games?
"Our solution works for both online multiplayer games and gambling projects, and we have partnered with several licensed game providers that have long been known on the market, but one of the first projects we have connected is FairPlay status – an online casino released by Gamingtec. FairPlay is the first encrypted casino with honesty control that offers its players deposits in cryptocurrencies: BTC, ETH and TPLAY tokens ".
How does this integration with the FairPlay casino work?
"TruePlay aims to facilitate faster payments with the TPLAY token when a new player registers FairPlay Casino, we automatically create a TruePlay portfolio. Furthermore, it allows players to access their statistics in real time allowing fair play. Providing players with full data access to all their games and even operator data can help players make smarter, more informed decisions about their style of play.
Interestingly, Makarchuk explains that TruePlay publishes the result of a game in HASH before the game starts, sealing the results in a tamperproof way, ensuring that the results are formulated before the bets are placed on the table. As we all know, Blockchain allows faster and safer transactions. Traditionally, a withdrawal from an online casino can take several days, but the blockchain technology incorporates smart contracts into its online transactions thus making everything superfast, says Makarchuk.
I heard about some encrypted casinos that were released during the last year. Why do you state that FairPlay stands out from the crowd?
"Using our technical solution, Correctness is the first of the gambling projects to offer a blockchain honesty control. With this functionality implemented, all bets and game results are protected and hashed by the TruePlay smart contract. Real-time game statistics are published in the blockchain, which does not affect the results of the game in any way. Thus, players can be sure that it is impossible to falsify the result ".
Do you foresee that TruePlay has many competitors in the field of gaming platforms?
"The online casino market has had a bad reputation for a long time, and Blockchain can help us regain confidence, and with its open source technology, every transaction can be verified and players can be assured that no fraudulent activity can damage their games. they support us in bringing transparency to online gambling, the better it is, so we will be happy to see that more partnerships come together in our way.For us, the most important thing is to develop technically sound and reliable solutions to offer affiliates and to game providers a fair and loyal business as well as fair games for players.
To help the online gambling game evolve faster, Makarchuk explains that Trueplay is actively developing the affiliate program based on blockchain technologies and smart contracts. The use of the TruePlay partner affiliate program will make it impossible to manipulate attracted players. All participants in the program will receive a fully automated mutual payment system. Traders will not be able to influence payments, change players' balance or statistics, he adds.
Last month, at SiGMA, I had the opportunity to meet with your team after winning the ICO award as best during the Malta Gaming Awards. How do these competitions help you evolve the product?
"The award was a real source of inspiration for us, we are in a private sale phase, yet we have been recognized by industry experts, making us believe that we are doing the right thing and we should continue to work even harder. New features will be released soon – for example, we will use the TPLAY token to bring various gambling projects into a blockchain-based, unified ecosystem, with a deposit and withdrawal mechanism that could work on the whole system and where players authorize once and they use their own account to play at different casinos, our goal is to use the full potential of blockchain technologies to make online gambling more transparent and reliable, and events like SiGMA help us to make the revolution known. online gambling game ".
According to the latest reports, by the end of 2023, the gambling market should grow to 525 trillion, while the share of online business can reach 82 trillion. These numbers can increase even more if blockchain adds its value to the market by providing online games and casinos with a reliable platform where players can make safe bets and secure transactions. Incredible figures certainly and one waits to observe how this rapidly evolving landscape will eventually evolve.
