The chief executive of a Canada-based software company specialising in so-called cloud-based casino management systems has been appointed the first chairman of the Gaming Standards Association’s (GSA’s) technical committee dedicated to the issue of blockchain technology.
Blockchain – also known as “open distributed ledger” – is being widely seen as a major advance in the security, storage and sharing of information and transaction of monetary or other economic value held in digital form.
Earle Hall, CEO of AxesNetwork Solutions Inc, based in Quebec City, in Quebec, is to chair the GSA’s recently-announced blockchain technical committee.
“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,” said Peter DeRaedt, GSA president, in a prepared statement contained in a Monday press release.
The GSA added in its announcement: “Blockchain technology is poised to revolutionise data sharing, security and has the ability to provide regulatory authorities with previously unobtainable levels of transparency.”
A growth in acceptance of blockchain technology has also been associated with a proliferation in the creation and use of cryptocurrency, which some commentators have suggested could, in the wrong hands, actually pose a threat to regulatory oversight of the casino industry.
The GSA blockchain technical committee’s next meeting will be held April 10 in London, in the United Kingdom, hosted by GSA member company Playtech Plc, a provider of software to the gambling sector.
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