Blockchain Technology solving the current gambling problems with Joy Gaming Ltd.
Talk of where to make quick money and a huge number of people will flock there to get a piece of it. Gambling is one of those few that has attracted large numbers of people, growing very fast with hundreds of new players coming in daily, new gaming companies opening up, new games being innovated growing the industry to an estimated $50billion. This though does not leave out the numerous challenges that have been facing the industry the main reason why am writing about Joy Gaming Ltd.
The gaming industry remains hit with a series of scandals where people don't receive the money they win as a result of fraud from gaming companies. On top of that, the industry has not fully taken advantage of it's potential as developers are limited from creating more new innovations due to the high costs of development. All this and more has been solved in Joy, a blockchain based gaming ecosystem which was developed to improve the gaming industry. It comes with a variety of features, games but most importantly building trust between Casinos, players and developers.
The platform records all results on the blockchain making companies transparent with their operations. Players can thus audit the records themselves to verify that games are run as per description which eliminates any chances of fraud. Small developers also have a chance to exercise their talents with new innovations as the platform creates a condusive environment which is free for developers who get rewarded for their work. This cuts the costs of developing software which hinders young developers from coming up. They are as well able to communicate with gambling companies on Joy where they can also show their demos enabling them to come up with profitable and innovative solutions for gambling.
Watch this space as I bring to you more about this platform revolutionizing gambling.