October 22, 2020

TruePlay platform introduced blockchain solutions for online gambling and announced a partnership with Curaçao eGaming

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TruePlay gambling platform team presented its product at Seventh annual BlockchainUA conference in Kiev.

TruePlay platform introduced blockchain solutions for online gambling and announced a partnership with Curaçao eGaming

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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 decisions mentioned in the report isTrueSign 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 - TruePlay Affiliate ProgramAffiliate 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 complex of blockchain solutionsfor 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 announcedpartnership 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 decisionTruePlay is suitable for tax reporting needs. The project is ready to share technologies with state authorities of Ukraine if the government decides to legalize the gambling business.

Earlier, ForkLog reported that users of FairPlay casino, built on the basis of TruePlay technology, won about $ 4.5 million in TPLAY tokens.