Blockchain Based Betting System

[Pokerface]

Considering all the news about cryptocurrencies and blockchain here is an interesting article regarding building a blockchain based betting system.

To read more: https://themerkle.com/bookmakers-bet...on-blockchain/

In order to bring the same amount of reliability in online betting as it exists in brick and mortar variant, it is necessary that every aspect of bookmaking is made secure against the risks of embezzlement and fraud. Limiting access to funds through smart contracts can enable that to a great extent. This ensures that the capital of the best is always secure. Players would be secure against a number of threats like substitution of results, account thefts and non-payment of winnings due to this.