The Gaming Standards Association’s (GSA) recently formed Blockchain Technical Committee held its first meeting in London recently, charting a course to integrate the breakthrough technology into the gaming industry, with the potential to modernize lotteries and online and land-based gaming.
The meeting was hosted by Playtech and attending were representatives from member companies, AxesNetwork, ComTrade Gaming, Gaming Laboratories International, Mercury Gaming Gauselmann, IGT and Scientific Games. The topics of discussion included responsible gaming, machine certification and jurisdictional licensing.
“The spirit of collaboration among the members of this committee was groundbreaking, as everyone understands the mission critical responsibilities for the future of the global gaming industry,” said Blockchain Committee Chair Earle G. Hall. “The enthusiasm and understanding of the task of the committee were infectious, and by the end of the day, each member was functioning as a collective to positively impact our industry and lead our members into the blockchain era.”
The committee concluded that its first important deliverable is to collectively build an educational package to ensure the committee assumed its role of ensuring GSA members understand the benefits of blockchain and its distinction with virtual currencies.
To that effect, the committee decided it would be a driving force in the soon-to-be-announced GSA Technology Forum slated for this November, where GSA members will be exposed to an innovative and high-tech daylong summit.
GSA President Peter DeRaedt, pictured, said: “The blockchain technology is poised to change our industry
forever. We are very thankful to have someone with the vision, in-depth knowledge and exceptional drive
that Earle brings to GSA. He will lead us into this new realm of technology that will affect every aspect of
Mr. Hall added: “Blockchain is the answer to so many of our inefficiencies. It is inherently designed for transparent, secure and distributed information flow. Blockchain will exponentially increase the potential for collaboration, efficiency and connectivity. I am very grateful to the membership for their vote of confidence with respect to my nomination. I am excited to pool together all the talent I can to serve our members in this need to embrace this revolution.”
Blockchain technology is poised to revolutionize data sharing, security and has the ability to provide regulatory authorities with previously unobtainable levels of transparency. GSA’s new Blockchain Technical Committee will collaboratively address the technology and advise on possible areas where standards could be developed. Amongst the critical initial topics to evolve are reference architecture studies, authentication methodologies, external interface compatibility and the impact on and potential for central monitoring systems.
GSA’s work in blockchain technology continues the organization’s 20-year commitment to driving the industry to innovation and growth. Over the past 20 years, more than 1,600 volunteers from more than 190 companies have contributed their expertise to create 15 GSA standards in nine committees.