More info on Blockchain: https://blockchainhub.net/ Blockchain sue cases for the gambling industry. How Blockchain can make gambling more transparent and provably fair.

1. Blockchain & Gambling
Intro and Outlook
BlockchainHub ■ Dr. Shermin Voshmgir ■ Dec 1, 2017

2. Gambling
Use cases
Traditionally players have no way of checking
the fairness of any draw or result. Rely solely
on audits of trusted 3rd parties in
fragmented regulatory environments.
● Balkanized regulation
● Fairness of results/draw
● Transparency of payouts
● Deduction of 3rd party charges
from winnings
● Lack of availability of payment
methods in some territories

4. ● Eliminate player deposit risk
smart contract as escrow
funds never leave wallet before end of game.
● Transparency & gameplay fairness
through RNG and provable fair algorithms
● Reduce player costs

5. Distributed transation verification
No single player holds an advantage at any stage of the
gambling process.

6. Blockchain is not controlled by a single user!
making it almost very expensive
to alter underlying data.

7. Greater resilience against fraud and prevents
manipulation of records in the chain.

8. No Black Box
Transpart & Verifiable

9. Provably Fair!
All lottery entries, all bets and all payouts ever made
within a blockchain network are
transparet &verifiable.

10. RNG
Decentralised & Verifiable

11. Even if RNG not fully decentralised,
blockchain can allow players to review the RNG process by
which a particular card was drawn or dice rolled,
-> verify fairness

12. Provably fair
Algorithms
● Service operator publish a
method for verifying each
transaction in the game.
● They use open source
algorithms for random seed
generation, hashing, and for
the random number generator

13. Regulatory
Opportunities
● Transparency
access to the same information as the
organisations they regulate.
● Real Time Auditing
Digitised transactions can be audited in
real time, instead of, say, annually.
● Traceability
It will become easier to trace transactions.

14. Regulatory
Challenges
● Which law applies?
in a P2P network of computers?
● Testing
Regulators will need to establish new
protocols and standards for testing
blockchain-based gambling activities.
● Anonymity
AML/KYC Identity
● Void bets
Regulators such as the Gambling
Commission can have powers to void
unfair bets. How with Smart Contracts?

19. Claim to use provably fair system using state channels containing pre-committed partial RNG seeds
provided separately by the player and the operator.
Partial seeds are committed to the blockchain at the start of the gaming session.
During gaming a State channel with the added ability to verify a progressive reveal scheme by both parties,
advancing a deterministic (“fated”) but unpredictable sequence of random numbers

21. Ethereum
Lottery

22. Etherdice
https://etherdice.io/

23. Quanta
Online Lottery
first implementation of a fully automatic and
trustless Decentralized Autonomous Lottery Game
using smart contracts on the blockchain (see white
paper draft)
White Paper
http://www.quanta.im/Quantalotterywhitepaperdra
ftv0.4.3.pdf

24. Kibo
Online Lottery
https://kiboplatform.net/en/landin
g.html
White Paper
https://kiboplatform.net/_alldata/files/kibowhitepap
er.pdf

25. It’s like 1990 for the Internet
we don’t know how this will pan out
but the future is likely to be much more #decentral

26. Follow us
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@blockchainhub
Shermin Voshmgir
@sherminvo
@sherminvoshmgir