Our features: low fees, anonymity, all the coins support, platform for organizers, powerful API for developers and 3-rd party apps.
So any current player, and particularly Betfair, offers these stuff.
You know, we can write a lot of beautiful words about decentralization benefits and blockchain powerful technology. However, simply, there are few very important things for us and our future customers:
— Our field, gambling and particularly betting, is risky and much regulated. What we really need is the system based not in one data-center, not in one or few countries. To be protected from regulators and agressive competiros, we’ve got to have no single center. Otherwise we can say hello to US IRS and FBI. Ideally, we’d build a system, that may work regardless of ourselves.
— Customers guarantees. It happens everywhere, when bookmaker holds customer’s money, blocks accounts etc. We want to provide transparency. It is profitable for us (reputation) and for our customers.
— Revenue sharing. The most safest way to provide some kind of «dividends» for our international investors (token holders) is blockchain.
However, our solution is partly decentralized. In Betrium bets happen off-chain and only added when the event happens and the outcome is undeniable. However the bets are broadcasted all over the network instantly for the odds to be recalculated.
That means, in contrast to competitors, we are able to provide high-speed betting service built on decentralized IT architecture.
Try to imagine how to reach our goals and to provide the service we’re going to provide in traditional approach.
Still awaiting the answer as to why it is different from the traditional ones and why blockchain?
