Inside Asian Gaming

INSIDE ASIAN GAMING MAR 2019 38 FEATURES Digital Assets (in-app purchase) is now the leading revenue from gamers. BB: Blockchain seems to be widely misunderstood. Can you explain exactly what blockchain is? AY: Blockchain is a technology using cryptography linking up a growing list of distributed records which is verifiable and permanent. Alphaslot is leveraging this technology to build a perfect use case in the field where our team has the most experience, land-based gaming, and to expand it to other gaming sectors, creating a new gaming ecosystem. Simply put, blockchain has many more applications than we can imagine. Gaming is one of the few that fits the bill at this early stage of its technology development. BB: What are the main barriers in the rise of blockchain and how do you overcome these? AY: Lack of understanding and regulations. I think this goes with every new technology that surfaces. Do you remember what it was like before online banking? Laws and regulations will adapt sooner than later. BB: What is the potential role of blockchain to the gaming industry? AY: We believe the casino entertainment value should be appreciated like all other entertainment modes in today’s internet age – interactively, securely, globally and responsibly. By design, this entertainment value will be built on an interactive blockchain ecosystem and involve the participation of existing service providers such as game designers, casino operators and regulators, and new types of providers like distributed gaming technology companies.