Connect with us
SIS

Cryptocurrency

TruePlay Changes The World of iGaming With Its Blockchain Solution – T3 module

Zoltan Tundik

Published

on

Reading Time: 2 minutes

 

Between February 5-7, TruePlay attended one of the most significant events in the iGaming industry – ICE London 2019. TruePlay presented its innovative blockchain solution – a blockchain-based T3 module.

London Conference Week combined three events at Excel: ICE VOX, ICE London, and LAC. With over 33 thousand people from about 153 countries, 8,500 operators representing more than 600 companies at 45,500 sqm of Excel, the massive event brought together gambling companies, operators and suppliers of software and hardware products, affiliates and everyone who is involved with the business of games.

At ICE, the team of TruePlay presented its new blockchain solution T3 module to the game providers. T3 module stands for Transparency, Trust, TruePlay and collects, verifies statistics and publishes it on the blockchain. It guarantees immutability and is designed specifically to make online gambling totally transparent for all parties involved and increase trust and loyalty.

T3 module is a powerful tool that allows to take control of all vulnerabilities in the cycle of interaction between all participants of the internet gambling market and to make it crystal clear. With the help of the system, everyone can easily track players’ entire journey, starting with registration and deposit, ending with a payout of affiliate rewards for leads.

With TruePlay blockchain solution, game providers get simplified reporting for authority, automation of calculations with operators, the trust of the players due to the transparency of the RTP games and no place for piracy. The system is designed in such a way that there is no need for game providers to modify its integration protocol, but complete the installation in a few easy steps.

TruePlay’s solution also adds value to Responsible Gaming. The platform allows to automatically track players who want to be locked at their own will to control gaming addiction and track violations of the rules of a license when exceeding specified limits for a player. For tax payments, audit and accounting for licensees, TruePlay also provides all tools necessary.

One of the first TruePlay’s partners, Fairplay crypto casino, has already implemented T3 module into its game platform and connected a wide list of respectable game providers, including Microgaming, Boongo, iSoftBet, PG Soft, Play’n Go, Playson and Spinomenal. The FairPlay team also visited ICE London and now is working on adding new partners, which will be announced soon.

About

TruePlay is a b2b blockchain-based platform for gaming providers, affiliates, and operators. Creating honesty and transparency in the gambling world, TruePlay provides a unique honesty control system. With a deep blockchain integration, TruePlay allows fast token deposits and withdrawals across multiple casinos eliminating extra commissions.

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.

Continue Reading
Advertisement
Comments

Cryptocurrency

MetaVault announces expansion into the Isle of Man

George Miller

Published

on

MetaVault announces expansion into the Isle of Man
MetaVault co-founder Justin Short
Reading Time: 2 minutes

 

MetaVault, a company offering secure storage of cryptocurrencies such as Bitcoin and Ethereum, has opened a new office in the Isle Of Man.

MetaVault is a digital asset custody provider, offering insured and uninsured safe custody of assets up to $100m. It means financial institutions such as banks and exchanges can store cryptocurrency with peace of mind with protection underwritten by A-rated London-based insurers.

With the office opening, MetaVault is responding to the growing demand for gaming, exchange and financial institutions to be able to accept and store digital assets securely.

MetaVault co-founder Justin Short said: “The decision to expand into the Isle of Man was a logical step in our business growth strategy. 

“The Isle of Man boasts gaming and financial services regulators proactively engaging with blockchain enterprises.

“Supporting player protection mechanisms, exchanges and financial institutions with secure, insured and uninsured digital asset custody provides confidence in the technology for regulators, businesses and consumers by removing significant risks from the ecosystem.”

Lee Hills, director of MetaVault, said: “The Isle of Man has been at the forefront of developments in blockchain technology and this expansion recognises that. MetaVault is ideally suited to mitigate risks and remove barriers between blockchain businesses and financial institutions. We are excited by this next chapter and look forward to long and mutually beneficial relationships with our Isle of Man partners.”

Lyle Wraxall, Chief Executive, Digital Isle of Man Executive Agency, said: “Blockchain Isle of Man is very pleased to welcome MetaVault to the Island. 

“The Isle of Man prides itself on its superior player protection regulation in e-Gaming and being a centre of excellence for finance, the services offered by MetaVault will assist in maintaining that high standard. It is fantastic to see that the Island is continuing to attract diverse technology-focussed businesses, and we look forward to MetaVault adding to our already rich digital ecosystem.”

 

Continue Reading

Bitcoin

Infographic: Crypto Thefts and Trends That Will Blow Your Mind

George Miller

Published

on

Infographic: Crypto Thefts and Trends That Will Blow Your Mind
Reading Time: 1 minute

 

As it turns out, too much freedom is not a good thing, or so the misuse of Bitcoin and other cryptocurrencies now shows. Brush aside the fact that hackers lurk at every corner of the Internet and you are left with even more startling facts Criminals have been happy to use the anonymity of cryptocurrencies to trade arms, traffic humans, launder money, and more.

For better or for worse, cryptocurrencies today are a conduit of illicit activity, and a lot of government oversight is required to uproot the bad practices that have become the norm. While lawmakers are hard at work to figure out the right legal framework for cryptocurrencies, here are some of the most mind-blowing thefts in the crypto world to read up on:

Continue Reading

Cryptocurrency

Infographic – Libra: Cryptocurrency By Facebook (In 5 Minutes)

George Miller

Published

on

Infographic - Libra: Cryptocurrency By Facebook (In 5 Minutes)
Reading Time: 2 minutes

 

It is very difficult to believe that there are still some people out there who don’t have access to basic banking needs and 31% of the population is still unbanked and 85% of transaction happens in the form of cash even at this extent of modernization where digitalization completely took over the world.

The idea of designing a currency which enables access to currency and empowers the whole world is ignited by considering all these circumstances and finally it happened.

One of the most reputable and popular social media giant FACEBOOK has taken a step to improve the financial conditions and infrastructure and introduce Libra.

Libra is a decentralized cryptocurrency build on blockchain technology, it ensures the safety and enables access to everyone no matter where you are from or who you are.

Libra is for everyone, you may be in one corner of the world and you want to send money to another corner, with Libra it is possible within seconds and there is no reason to worry about transaction charges because the transaction charges are very minimal.

A reserve is made for Libra which prevents it from falling into speculation theories and to keep the value of Libra stable.

There are massive fluctuations in the value of other cryptocurrencies, but in the case of Libra it is different, even a common will guess what will be the value of Libra coin in the future.

Reserve is backed by a set of stable and liquid assets, it works with a competitive group of exchanging platforms, which boosts up the confidence of consumers that they can resale their Libra any time they want at a good value.

Although the developer of Libra is Facebook that does not give the right to control and authorize the operations. They have formed an association named The Libra Association. The members of the association are formed by the validator nodes of the network, any institution that controls a validator node and claims stake can become founding member.

As Libra is powered by Blockchain technology it prevents attacks on Libra with the help of LibraBFT (Byzantine fault tolerance) and it is allocated in a way to control both ownership and transfer of Libra.

The Move is a new programming language used in Libra. It executes custom transactions and smart contracts. The significant feature of Move is that a means can never be copied it can only be transferred among program storage locations.

The safety of Move allowed to execute important parts of Libra Protocol in Move, inclusive of Libra coin, validator management and processing transactions.

The organizations that wish to become a founding member should meet a specific list of criteria, once they are in will be offered with Libra Investment Tokens, incentives and transaction refunds.

Considering all these factors one can clearly say that Libra will definitely revolutionize the digital currency field and it will help millions of people to experience the money in a never before way.

Checkout the following infographic on – Libra: Cryptocurrency By Facebook (In 5 Minutes) – Developed by Karthik at MrBTC.org.

Libra: Cryptocurrency By Facebook

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.