[ad_1]
Naija Lottery recently announced its partnership with Quanta in an attempt to introduce blockchain technology into the traditional lottery market.
Revolutionizing the lottery industry using Blockchain
Second The fist, the International Lottery and Gaming Limited (ILGL) also known as Naija Lottery, collaborated with a new investor, Quanta, to introduce a blockchain investment platform. According to the agreement, the union of both companies would bring decentralized general ledger technology (DLT) to the traditional lottery market.
Commenting on the partnership, Charbel Saadeh, who is the Managing Director of Naija Lottery, said:
Now is the time to take advantage of the momentum of the traditional Nigerian lottery market. Together, we will continue to build a secure and reliable platform that ensures fairness and transparency while offering outstanding player capabilities and helping to strengthen the local economy.
Saadeh further claimed that the company aimed to offer a better lottery experience for the Nigerian market.
The collaboration was also commented by Kostas Farris, Chief Technology Officer and Director of Quanta. Farris said the partnership of both companies was an opportunity to revive the dynamic lottery industry. The executive of Quanta also stated that the company aimed to spread the blockchain lottery through other markets in Africa.
The Naija Lottery, which is one of the largest gaming companies in Nigeria, offers lottery tickets across the country. Part of the company's objectives includes the supply of responsible games according to international standards and the prevention of compelling games. The Naija Lottery has a grade A license from the National Lottery Commission.
Quanta is renowned as the world's first blockchain lottery and developed on the decentralized Ethereum register technology. The company aims to transform the traditional lottery sector by providing a secure and transparent environment for both players and operators.
Blockchain technology that is penetrating the online gaming market
Several sectors use blockchain technology as it does not involve an intermediary and is transparent. The online gaming industry, including lottery companies and casinos, also employ decentralized accounting technology to ensure equity and bring industry to the next level.
DAO.Casino in November announced a partnership with BlockProof Tech LLC a revolutionize the gaming industry with Gambling 3.0. The casino company aims to build a decentralized protocol for Ethereum blockchain gambling. This process would improve interaction and create better opportunities for operators, affiliates, game developers and players.
At the beginning of the year, VR technology created VR Casino OKO which aimed to solve the problem of transparency using blockchain technology.
Image courtesy of Shutterstock.
Source link
