Bitcoin has more to offer the gambling industry than just a great payment option. By utilizing the blockchain, operators can benefit from having provably fair games as well. Chloe Tartan, research and development specialist at nChain, joined our Becky Liggero Fontana to explain what her company can help operators do on the Bitcoin SV (BSV) blockchain.

For those who might not have heard about provably fair concept, it’s pretty easy to understand. Game results can be recorded to the blockchain, allowing regulators and players to easily verify that the games are settling fairly.

Tartan noted why this concept can be very appealing for players. “So obviously online gaming has been around for a while, incredibly popular, but over time there has been some major problems in the perceived fairness of play,” she noted. “Users simply having to trust an online casino’s sort of declaration that they’re not altering results based on the players bets. Rather than having this inherent trust and relying on the websites claims of third party verified, the user can actually prove it for themselves.”