Gambling Commission Curacao Uses Blockchain To Control The Intestable Online Casino
Curaçao egaming gambling commission (curaçao egaming) announced cooperation with the trueplay blockchalter in order to create a program for monitoring the activities of online casino operators. The regulator claims that the innovation will create a transparent environment for all market participants.
The organization will offer casino owners with the curaçao license to use the tresign modele to confirm the authenticity of all transactions conducted through user accounts. The system will provide transparency and safety of payments to players, while personal data of customers will be protected by encryption.
Also in the blockchain, the rates of players will be recorded and the results of drawing on slot machines and other gambling games. Until now, the monitoring of the gameplay by the regulator was considered the most difficult task in the gambling industry.
"The block-module will allow to expand the possibilities of monitoring, and the use of a decentralized system will not allow anyone to influence the results," the curaçao egaming and trueplay statement says.
Ceo trueplay alexey magramov said that the online gambling industry is perceived by users as a risky environment with a large number of fraudsters. In his opinion, truesign will help overcome these stereotypes.
With the right approach, the use of the platform can become a kind of quality sign confirming the honesty of casino. Now guarantees in relation to software are issued by ecogra and itechlabs technical laboratories.
Curaçao – the first territory where licensing of gambling activities on the internet was introduced. The island is under the jurisdiction of the netherlands. Curacao licenses have hundreds of online casinos. Among thatm, casino x, joycasino, play fortuna, slot v, frank, rox and many others.