The final panel of CoinGeek Live’s gambling track was a look at ‘iGaming Future: How the Bitcoin Blockchain Can Power More Efficiency and Transparency Across the Industry’s Value Chain.’ Moderator Nick Hill, Director of Premier Consulting, honest a group of panelists around the world, including Phillip Runyan, CEO of Hold Gaming, Alex Shore CTO & Co-Founder of BitBoss, Lloyd Purser, COO of FunFair Technologies, and Sam Brown, COO of Hero Gaming, and Carl Brincat, Chief Legal & Enforcement Officer of the  Malta Gaming Authority (MGA).

After introductions were made, Brown kicked off the panel by explaining why the innovations the gambling industry has drummed up have yet to impress him. “The word blockchain obviously conjures up a lot more ideas for us around transparency, around efficiencies, and there were almost no examples of that being executed in the gaming space.”

BitBoss is looking to change that, and Shore explained that they’ll do it by using blockchain as a tool, and not the sales point. “The first important lesson that we learned is not to lead with blockchain being something that was the reason that we’re building the platform that we have for iGaming. It was just another technology that you need to look at and compared with similar technologies to see what the benefits are and figure out how you can offer a more cost effective and efficient platform using that underlying technology. It doesn’t mean it’s the only technology that you have to use.”

He then explained how a public blockchain, like Bitcoin SV, can become a better data network solution for operators, thanks to the security created by a massive, highly valuable network, with inherent security and privacy controls.