Compliance Updates

GSA brings on board a new technical committee devoted to blockchain use

Published

7 years ago

February 14, 2018

Reading Time: 2 minutes

While commemorating its 20th anniversary at the ICE Totally Gaming 2018, the Gaming Standards Association (GSA) and the Gaming Standards Association Europe promulgated the birthing of a new Technical Committee devoted to blockchain use. Blockchain technology is poised to revolutionise data sharing and security and holds the potential to provide unparalleled levels of transparency to the regulatory authorities. GSA’s new Blockchain Technical Committee will collaboratively address the technology and advise on possible areas where standards could be fostered.

The GSA President Peter DeRaedt said: “GSA was created to help drive innovation in the gaming industry for the benefit of manufacturers, suppliers, operators and regulators. By creating a new Blockchain Committee, we are once again proving how, by creating a standard way to use technology, GSA is achieving our mission.”

While GSA Europe Managing Director, Mark Pace stated: “Many industries are evaluating how the blockchain technology can enhance data sharing security and increase operational transparency. GSA will launch this new committee and evaluate the creation of a gaming industry standard. This is very timely and may have a significant impact on how companies can achieve GDPR and AML requirements.”

GSA standards are created through a collaboration between volunteer representatives of its members. Over the past 20 years, more than 1,600 volunteers from more than 190 companies have contributed their expertise to create 15 GSA standards in nine committees. GSA’s award-winning standards are in use around the world, driving the industry to innovation and growth.

GSA was born out of a globally recognized need to streamline processes and create standards that would spur growth, innovation and revenue. Gaming manufacturers, suppliers, operators and regulators have benefitted from GSA’s mission to facilitate the identification, definition, development, promotion and implementation of standards to enable interoperability, innovation, education and communication for the benefit of the entire industry.

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Athira is a self-described “logophile” – a lover of words. She loves updating her vocabulary and playing around with words, to frame a sensible world of letters. Letters come alive when they become words and when words become sentences. And that’s her job, to put them together in a meaningful way without loosing its essence. She has written content for websites, articles and poems for an international magazine, and press releases as well. She also loves writing on social media. She holds a Masters degree in bio-technology, but she has always been interested in the organic farming of words. Besides writing content for our daily news feed, she is also working as staff writer/editor with Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.