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ARTICLE · 21 JULY 2021

Market Intelligence Thought Leadership Award Winner

Blockchain And Cryptocurrency: The Future Of Online Gambling?

Winston Taylor
Explore more from Winston Taylor

Blockchain technology is emerging as a game-changer in a wide variety of markets.

United StatesTechnology
Michael Tomasulo
Michael Tomasulo
Robert Pannullo
Robert Pannullo

Blockchain technology is emerging as a game-changer in a wide variety of markets. As we explained in our prior post, Understanding the Intellectual Property Value of NFTs, blockchain technology is the basis for creating non-fungible tokens, or NFTs, which have experienced astounding growth in areas ranging from art to music to video games. This article discusses how cryptocurrency and blockchain technology are potentially disruptive technologies for the online gambling industry.

What is Blockchain - a Brief Overview

In its simplest terms, blockchain is a decentralized, digital record of all the transactions that take place using digital assets. It is a database that stores encrypted blocks of data chained together to form a single chronological ledger of transactions. In many cases, the data is distributed to create an immutable record of the asset's history that is accessible to the public. The overall purpose of blockchain is to "let people-in particular,

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