Quanta and the Naija lottery in Nigeria to create a lottery system based on real blockchain

Blockchain technology has, as many of us have seen, a great deal of uses, one of the applications being for a national lottery. We saw it with the recent announcement of Naija Lottery in Nigeria who will collaborate with the blockchain company, Quanta.

This means that, in fact, Nigeria will see one of the first applications of blockchain technology on the lottery market.

Decentralize the world of the lottery

Called Lottery and Gaming Limited, or ILGL, also known as Naija Lottery, it has partnered with Quanta, its new investor, on the introduction of technology for the lottery world, also bringing a blockchain-based investment platform to the industry. ;ecosystem. .

According to the agreement established between the two parties, this collaboration represents the union of the conventional lottery world with Distributed Ledger technology. Speaking on behalf of Naija Lottery, the company's CEO, Charbel Saadeh, said that this would help push the Nigerian lotteries market forward at a good pace:

"This is the time for us to work on the momentum of the traditional lottery market in Nigeria Working together, we will be able to build a reliable platform that can provide a greater level of security, fairness and transparency for the community. it will allow all this, while providing a higher level of function for the gaming community, helping to strengthen the national and local economy as a result.

Saadeh then commented that the company had the goal of providing a better quality of service for the Nigerian market.

Kostas Farris, as Chief Technology Officer and Director for How much, added to the existing comment on the partnership with Naija. The CTO sees the partnership as a spectacular step forward for both companies, and the Nigerian nation as a result. The executive continued to add this How much tries to use Nigeria as a real case for blockchain technology and its application in lotteries, all before expanding into other African markets.

Operating as one of the largest gaming companies operating in Nigeria, Naija offers its lottery tickets to cities, towns and villages throughout the country. In addition to this, the company is also involved in providing responsible gaming experiences to its markets, all in compliance with international standards and regulations, enabling them to provide compelling games, preventing and increasing awareness of addiction.

Naija is a well-known and reputable service, classified and awarded a grade A license by the National Lottery Commission.

The company itself is one of the first test cases for a full license blockchain lottery and is based on the Etheraum Blockchain.

Blockchain technology that pushes the envelope into the digital gaming market

There are many cases of use for blockchain technology, as it allows companies to cut increasingly unnecessary intermediaries while offering great transparency. The online gaming world includes the application of lottery and casino technologies, which will also see the use of decentralized accounting registry technology.

This is not the first time we've seen the application of blockchain technology in the gaming / gambling world. DAO Casino, for example, has partnered with BlockProof Tech LLC in November with the intention of revolutionizing the gaming world with what refers to Gambling 3.0.

The company seeks to create a fully decentralized dedicated protocol for gambling on top of the Ethereum blockchain. The way the company intends to do this is by improving interactions between users, while creating a much broader level of opportunity for affiliates, game developers, players and gaming operators.

It has been made public this year that the technology that has been tested by Virtual Reality Casino OKO, has tried to solve another problem using blockchain.