Bitcoin, now reborn as Bitcoin SV (BSV), isn’t just the best payment option for gambling operators, it’s also proving to be the best blockchain to handle data. Bitboss CEO Matt Dickson recently took the stage at CoinGeek London to demonstrate all the ways his company is already making blockchain integration a profitable endeavor for anyone offering gambling.
The Bitboss wallet is a great start. As Dickson demonstrated, a tightly integrated BSV wallet, that records transactions to the blockchain and talks to the backend, provides immediate benefits for all parties involved with a player’s action. And APIs are coming, so operators can start reaping the benefits soon.
Dickson used an example of a customer playing slots to show how the whole system works. A Bitboss slot smart contract watches the BSV Mempool in real time, and sees transactions broadcast to pick them up. It generates a transparent random number, which is then sent to the content provider. Once the end result is generated, a smart contract divvies out the payout to the affiliate, the player, the content creator, and Bitboss.
By using the BSV blockchain for the majority of data handling, content creators save a tremendous amount by not needing to run their own gaming servers, and the transparency of the BSV proves that everything is on the up and up.