Place/Date: - August 7th, 2018 at 7:00 pm UTC · 3 min read
Source: Bayes In
Relevant regulations on gambling legalization have been enacted in many countries, promoting the development of the gambling industry; however, the industry is full of internal conflicts; although gambling is legal in about 70% countries of the UN, complete laws and regulations are still lacked in some countries. In addition, related policies are implemented only in partial regions instead of the entire industry.
Except for legal casinos, some private casinos attract participants by false information such as high returns and winning rates; in addition to “banker cheating”, “internal transaction” and other frauds in the process, there is also information centralization. That is, bankers can tamper or destroy the transaction information they have at any time, which will prevent law-executors from protecting customers’ interests and collecting evidence by tracing information sources.
Can the blockchain effectively solve industrial pain points? Based on the exploration of blockchain pioneers such as FAIR.GAME and SmartBillions that implement gambling applications, our games eliminate opaque information, centralized control and other issues between participants and project managers by “data-on-chain” technology.
On the one hand, a relatively fair game environment is established; on the other hand, more participants are attracted to the game due to its reward distribution mechanism; however, all of these projects are being tested and no advances made in blockchain network performance. In addition, game tokens are only circulated in the game, lacking playability and negotiability.
As a result, Bayes In, an extensible online platform and a game service ecosystem, emerges at the right moment.
In response to the traditional pain points of the gambling industry, corresponding smart contracts with special key solutions on each of the self-developed game node are deployed by Bayes In. Meanwhile, platform decentralization helps global users avoid “banker management” when playing.
Then, typical physical scenes will be simulated for players to have fun in a completely transparent game. Last but not least, providing anonymous registration for players by secure ETH wallets is as easy as global settlement. User’s privacy is maximized protected based on ensuring complete basic information, thus establishing a perfect and secure network system.
Additionally, Bayes In puts forward an expansible solution with respect to playability and negotiability. It will open API and CMS interfaces for operators outside the system, so that they can access to their game systems through the generating game rooms in the Bayes In Network.
In this way, the playability of the entire game system is improved and operators also save technical development costs.
Bayes In’s official website has begun to accept applications since July 27th. With the increase in DApp operations, the launch of the main network and solutions to third-party operators, Bayes In may be the next key to opening up a new world of gambling.