Blockchain
Exclusive Q&A with Alastair Johnson, CEO of Nuggets
Let’s start with your personal story. Our readers love to learn more about top entrepreneurs. Tell us about yourself. How have you become the person you are today?
AJ: I come from the North of the UK (The Midlands if you’re from further North). I learned respect and the value of teamwork at an early stage—a value I still apply to my work to this day. I went to Uni, developed my thinking, then after leaving got taken down a peg or two along the way. I started in tech during the last recession, which, as it turns out, is a handy training ground for the modern world. As an early adopter of the internet, I quickly rose to the challenge. I had my own tech business for a good number of years, and was fortunate enough to work with some of the best tech-heads in Skype and Microsoft. After bumping into the pain of privacy and security problems one too many times, I strived to find a better way.
I always liked the Jeff Bezos quote where he had to tell everyone what the internet was when he was starting Amazon. I know how he feels; it resembles the initial stages of blockchain.
You pride yourself on being a problem solver. Perhaps, Nuggets is a direct result of that trait. You have said that in other interviews. But could you share the details behind what led you to the idea behind Nuggets?
AJ: I had my personal and payment details used fraudulently and had to wait two weeks for a bit of plastic to turn up. After having to input my card number back into numerous services, I thought: “there has to be a better way than this.”
Always lead with the problem, not the tech or the product. Blockchain resolved many of the boxes that previous tech offerings hadn’t, allowing for a fundamental change in how personal data was stored, owned, and controlled. I was lucky to have a different perspective to those that had come before, and driven enough to set out on the journey that everyone else had shied away from.
The idea was great and the technology was ripe. But how hard was it to start and develop Nuggets? We would like to hear your struggles and victories?
AJ: I think one of the more recent examples is when it came time to self-quarantine amid the coronavirus outbreak. Coming to the realisation that I had been effectively self-isolating already, demonstrated how consumed I was by the work.
Nonetheless, it’s been an amazing journey of highs and lows. From having to explain, in the early days, what blockchain was and the potential it had (I feel you Jeff), to fantastic opportunities that I would have never been afforded if I wasn’t doing this. I’ve felt on top of the world and—sometimes—like I’ve been knocked off it, but I always end up with the need to do it all again the next day, with an almost evangelical zeal.
I now have a kinship of understanding and appreciation for anyone who has been a founder, big or small, and when you meet other founders, it’s like you’re talking the same language and an empathy that is hard to reach with others.
Nuggets’ motto is to “Take back control of your data”. Here are some novice’s doubts regarding the claim. First, wouldn’t it affect the data analytics thing that marketers and companies use a great deal at present?
AJ: You can still have behavioral data on the merchant or services side, which can bring benefits to both merchants and customers. We don’t believe, however, that you need to know my first dog’s name and my email to facilitate an order for socks. There’s still metadata available, but not the user’s personal data. Through reputation and provenance, greater value can be gained than ever before. The old model is broken—if the data breaches don’t teach you that, the regulator will.
Following on the previous question, second, is the data really safe when using Nuggets? Data has to be stored somewhere, the users’ devices, for example, which makes the data vulnerable. Isn’t it?
AJ: With Nuggets, the data is encrypted at the source, with a private key that only the user has access to—negating the use of usernames and passwords. The nuggets of information are encrypted individually, hashed on-chain, placed in decentralised storage, and atomised so only the private key holder can access and control them. We believe the future is going to be based around your identity—devices and products will simply act as an interface to the identity that travels with you. You will be your identity combined with multiple biometric verifications.
How have the users responded to this disruptive innovation? Could you tell us some stats about the customer reaction so far – both in terms of end-users and business providers?
AJ: We have had the most amazing response to Nuggets with tens of thousands of advocates. We’ve been approached by the top global banks, payment services, and merchants. And, to have the industry acknowledge the direction as well, has been amazing.
Nuggets has also won a number of high profile awards, including;
- The Blockchain Project of the Year at the FSTech Awards, beating HSBC and Commerzbank to the prize;
- The Best Innovation in Security Management award at the FDATA Open Finance Awards, after being recognized as the company that has done the most to protect consumer data.
- Shortlisted at the Europas Award for Hottest Tech Startup, and shortlisted for five awards categories at the Payments Awards — more nominations than any other company.
- They were one of only 10 out of 400 global businesses to make it into the final of UBS’s Future of Finance Challenge 2019, in the ‘Foundation Setting: Technology Enablement’ category.
- Finalist in the MoneyAge Awards for ‘Innovation in Consumer Finance’,
- Shortlisted for two payments awards alongside companies including HSBC and Mastercard for its use of biometrics and blockchain,
- Named winners of the Anti-Fraud or Security Solution of the Year 2018.
- Most Influential Women in Payments 2020 (not me, Seema)
- 10 best Payments Startups globally in Efma-Capgemini’s Financial NewTech Challenge 2020.
We usually focus on industry news related to gaming, betting and gambling. In what ways do you think Nuggets can be a game-changer for the gaming and gambling industry?
AJ: Like finance, the gaming industry is one of the most regulated in the world. Applying the same principles of identity verification, KYC, proof of age, verified payments with reputation and provenance, along with privacy and security, we are sure to make a resounding difference.
Just to clarify, what kind of technological adjustments do existing gambling, betting and igaming platforms have to make to incorporate Nuggets. Is it going to be seamless and quick?
AJ: Onboarding, Access, Payment, and Verification can be quickly executed through SDK, APIs, and micro service container models that make integration modular and easy.
We are going through a global business turmoil caused by the Corona outbreak. Once things get back to normal, how do you foresee the situation for block chain technology? Will a new beginning help block chain technology to gain more access and popularity? We would love to hear your views.
AJ: During times of upheaval, disruptors prevail. New technology has been proven time and time again to leapfrog the broken past in order to create a better future. Blockchain will be a part of that, along with other technologies—maybe even a sprinkle of 5G thrown into the mix.
About two years ago, you wrote an article that said “Europe has unbridled potential to become one of the leaders in fintech”? Has Europe lived up to your expectations? Do you still subscribe to this view or is there any change in estimate?
AJ: I still think the UK and Europe have some of the best potentials. This map of challenger banks by country globally shows that in 2016 the UK had 40 challenger banks. India, with the next biggest number, only had 8. This gives you a good idea of the potential in Europe compared to the rest of the world.
Blockchain
Innovative price prediction game provider teams up with leading cryptocurrency casino gaming platform to bring quick-fire, Bitcoin-based betting to the masses
Bitblox, the pioneering online software provider behind an innovative new wave of Bitcoin-based titles, has partnered with popular crypto casino and sports betting platform, Betcoin.ag, to bring its innovative price prediction games to a wide new audience.
Known for its signature releases Up or Down? and Up or Down? Turbo – which challenge players to guess whether the price of Bitcoin will rise or fall in a 60 or 20-second window respectively – Bitblox provides a range of products that are both games of skill and games of chance, giving them a unique cross-market appeal that’s proven popular with sports bettors and casino players alike.
Boasting dynamic fixed odds that are tied to the real-time price of Bitcoin, Bitblox’s games aren’t dictated by RNG and therefore offer players a genuine chance of using their understanding of the crypto markets to turn a long-term profit. That said, they’re also highly accessible and require no prior knowledge of Bitcoin, meaning even crypto novices can enjoy their quick-fire betting rounds.
Of course, with Betcoin.ag being one of the industry’s premier cryptocurrency-based online betting platforms, Up or Down? has already established itself as a staple part of the provider’s line-up and Bitblox will continue sharing titles with the site as and when they launch in 2024 and beyond.
As such, both parties are optimistic that the partnership will continue to be a fruitful one going forward – and Betcoin.ag players will also undoubtedly be looking forward to trying exciting upcoming releases such as 3 in a Row and BitSlap when they debut on the platform later this year.
Brandt Page, Chief Executive Officer at Bitblox, said: “We’re very happy to have partnered with BetCoin and have already witnessed a tremendous response to Up or Down? from their players. Over the coming months, we’re looking forward to releasing many more innovative new titles on their platform and hope this will continue to foster interest in the world of crypto-based betting.”
Jessica White, Public Relations Director at Betcoin.ag, said: “With Betcoin being one of the industry’s most popular crypto casino and sports betting sites, we were always going to be a good home for Bitblox content. We really love what the provider is doing with its crypto price prediction games and having seen Up or Down? perform so well, we’re already looking forward to their next release.”
The post Innovative price prediction game provider teams up with leading cryptocurrency casino gaming platform to bring quick-fire, Bitcoin-based betting to the masses appeared first on European Gaming Industry News.
Blockchain
Innovation in the Casino Industry: Top Tech Trends Transforming Online Casino Industry in 2024
The Impact of Technology on the Modern Online Casino Industry: Innovations and Trends 2024
The global casino industry is undergoing a revolution driven by technology. From traditional brick-and-mortar establishments to the vast world of online casinos as https://lol-la.com/, the influence of technological advancements is transforming how people experience gambling. Modern innovations such as artificial intelligence (AI), blockchain, mobile gaming, and virtual reality (VR) are reshaping the landscape of the casino industry, offering new possibilities for both operators and players. This article explores the impact of these technologies on the modern casino industry, examining current trends and predicting what the future might hold.
The Rise of Online Casinos: Accessibility and Convenience
a. Online Casinos and Their Growth
One of the most significant transformations in the casino industry is the rapid rise of online casinos. In the past, gambling was predominantly associated with physical casinos located in glamorous cities such as Las Vegas, Macau, and Monte Carlo. However, the internet has democratized access to gambling, allowing players from around the world to participate in casino games from the comfort of their own homes.
The growth of online casinos has been driven by factors such as improved internet connectivity, user-friendly platforms, and a diverse range of games. In addition, online casinos offer various bonuses, promotions, and loyalty programs that attract players. Unlike traditional casinos, online platforms operate 24/7, providing accessibility and convenience to players regardless of time or location.
The global pandemic further accelerated the shift towards online gambling. With physical casinos temporarily closed, many players turned to online platforms for their entertainment, leading to a surge in online casino revenue. As a result, the online gambling industry has seen tremendous growth and shows no signs of slowing down.
b. Mobile Gaming: The Power of On-the-Go Gambling
Mobile gaming is another trend reshaping the casino industry. With the widespread use of smartphones and tablets, players can now access their favorite casino games while on the move. Casino operators have developed dedicated mobile apps and optimized their websites for mobile play, ensuring seamless gaming experiences for users.
Mobile casinos offer players the convenience of gambling from virtually anywhere, allowing them to play during their daily commute, while waiting in line, or during breaks at work. The ease of access provided by mobile gaming has expanded the player base, attracting casual gamblers who may not have otherwise visited a physical casino.
Additionally, mobile technology has allowed casinos to introduce features like real-time notifications, geolocation-based offers, and personalized gaming experiences. These features create more tailored and interactive experiences, which further engage players and enhance their satisfaction.
The Role of Artificial Intelligence and Machine Learning
a. AI-Powered Personalization and Customer Experience
Artificial intelligence (AI) is one of the most disruptive technologies in the modern casino industry. AI allows operators to personalize the gaming experience for each player, delivering customized game recommendations, bonuses, and promotions based on individual preferences and playing patterns.
Through AI-driven data analysis, casinos can track player behavior, understand their preferences, and optimize the gaming environment to suit their interests. For instance, AI algorithms can recommend slot games that match a player’s betting history, suggest new table games, or provide personalized loyalty rewards.
AI also improves customer service by enabling chatbots that offer real-time support to players. These AI-powered chatbots can handle routine inquiries, provide assistance with account issues, and even explain rules of different games, reducing wait times for players while enhancing the overall customer experience.
b. AI for Fraud Detection and Responsible Gambling
In addition to improving the player experience, AI is instrumental in detecting fraud and ensuring player safety. Online casinos handle massive amounts of data, including financial transactions and personal information, making them prime targets for cybercriminals. AI algorithms can identify suspicious activity, such as irregular betting patterns or unusual withdrawals, and alert operators to potential cases of fraud or money laundering.
AI is also used to promote responsible gambling. By monitoring player behavior, AI can detect signs of problem gambling, such as frequent large deposits or extended gaming sessions. When high-risk behavior is detected, the system can trigger interventions such as sending warnings to the player, limiting betting amounts, or temporarily suspending the account. This proactive approach helps protect players and ensure responsible gaming practices.
Blockchain and Cryptocurrencies: A New Era of Transparency
a. The Integration of Blockchain Technology
Blockchain technology is another game-changer in the casino industry. Known for its decentralized and transparent nature, blockchain provides enhanced security and fairness in online gambling. By utilizing blockchain, casinos can offer games that are provably fair, where every transaction and game outcome is recorded on a public ledger. This level of transparency builds trust with players, who can verify the fairness of the games themselves.
Smart contracts, which are self-executing contracts stored on the blockchain, also streamline payments and payouts. These contracts eliminate the need for third-party intermediaries, reducing transaction times and minimizing processing fees. Blockchain technology ensures that all financial transactions are secure, tamper-proof, and transparent.
b. The Rise of Cryptocurrency Casinos
Cryptocurrency casinos, which accept digital currencies such as Bitcoin, Ethereum, and Litecoin, are gaining popularity due to the growing interest in cryptocurrencies. Players can deposit and withdraw funds in cryptocurrencies, offering them faster and more secure transactions compared to traditional banking methods.
Cryptocurrencies also provide a level of anonymity that appeals to players who value their privacy. In regions where gambling regulations are strict, cryptocurrencies offer a way for players to gamble online without the need for traditional banking channels.
In addition, many cryptocurrency casinos offer unique incentives, such as lower transaction fees, faster withdrawals, and exclusive bonuses for players who use digital currencies. As the adoption of cryptocurrencies continues to grow, their integration into the casino industry is expected to increase.
Virtual Reality and Augmented Reality: Immersive Casino Experiences
a. The Emergence of Virtual Reality (VR) Casinos
Virtual reality (VR) is taking online casinos to a new level by providing players with immersive, interactive experiences that rival physical casinos. VR casinos allow players to enter fully rendered 3D environments, where they can walk through virtual casinos, sit at poker tables, or interact with other players in real time.
In a VR casino, players can experience the sights and sounds of a real casino without leaving their homes. They can use hand controllers to place bets, spin roulette wheels, or pick up cards in blackjack. The social aspect is also enhanced, as players can communicate with each other through avatars, creating a more engaging and realistic gaming experience.
Although VR technology is still in its early stages, it holds tremendous potential for the future of online casinos. As VR hardware becomes more affordable and accessible, more casinos are likely to adopt this technology, offering players a fully immersive gaming experience.
b. Augmented Reality (AR) in Casino Gaming
Augmented reality (AR) is another technology that is transforming the casino experience. Unlike VR, which creates entirely virtual environments, AR overlays digital elements onto the real world. In the context of casinos, AR can enhance traditional games by adding interactive and dynamic elements to the gameplay.
For example, AR glasses or smartphone apps can be used to create holographic dealers in live casino games or overlay special effects onto a physical poker table. AR technology can also be used in promotional events or interactive tours of casinos, making the overall gaming experience more engaging and entertaining.
The Future of Entertainment in the Casino Industry
The casino industry has always been at the forefront of innovation, constantly seeking new ways to entertain players and enhance their experience. As technology continues to evolve, the line between the physical and digital casino experience will blur further. The convergence of AI, blockchain, mobile gaming, VR, and AR is transforming how people gamble and interact with casino platforms.
a. Hybrid Casinos: Blending Physical and Digital
In the future, hybrid casinos that blend both physical and digital experiences are likely to emerge. These casinos will offer traditional gaming options like poker and roulette, while also incorporating VR, AR, and other digital technologies to create a seamless, interactive environment. Players will be able to move between physical tables and virtual worlds, choosing the level of immersion that suits their preferences.
b. Esports Betting and Casino Integration
Esports betting is another emerging trend that is likely to play a significant role in the future of casinos. With the global esports market growing rapidly, many casinos are exploring ways to integrate esports betting and tournaments into their offerings. This integration could attract a new generation of players who are passionate about competitive gaming, further expanding the casino audience.
Conclusion
The impact of technology on the modern casino industry is profound, driving innovation and reshaping the way players engage with casino games. From the convenience of mobile gaming to the immersive worlds of VR and the transparency of blockchain, technological advancements are enhancing the player experience and creating new opportunities for operators.
As the casino industry continues to embrace new technologies, the future of gambling promises to be even more interactive, engaging, and personalized. Players can look forward to a future where entertainment, technology, and gaming converge, offering unprecedented levels of excitement and enjoyment in both online and physical casino environments.
The post Innovation in the Casino Industry: Top Tech Trends Transforming Online Casino Industry in 2024 appeared first on European Gaming Industry News.
EMERGE Group, a leading commercialization partner and Web3 game publishing company, is excited to announce that it will leverage Sei, an open-source blockchain platform and ecosystem, to onboard innovative Web3 games. Powered by Sei, EMERGE Group will use its expertise in Web3 marketing and go-to-market (GTM) strategies to expand the Sei user base and bring in more high-profile gaming projects.
As part of its aggressive expansion into the Web3 gaming industry, Sei is actively seeking quality games to build on its platform. The blockchain platform is offering grants and comprehensive support to help these games succeed from development to launch through Sei’s ultra-fast layer 1 blockchain – currently the fastest chain in the market. By joining Sei, game developers can focus more on creativity and innovation, while utilizing Sei’s secure and efficient blockchain infrastructure to handle technical blockchain complexities.
EMERGE Group is committed to supporting Sei’s vision of elevating the gaming experience by integrating decentralized finance (DeFi) elements and non-fungible tokens (NFTs) into quality games. The Web3 integration will also see EMERGE Group hosting significant Web3 events and leading game publishing efforts to ensure successful launches and sustained growth for games on the Sei platform.
The post EMERGE Group is Leveraging Sei’s Unique Optimizations to Revolutionize Web3 Gaming appeared first on European Gaming Industry News.
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