Paul Foster: Utilizing blockchain in dealing with compliance in gambling | Hashing It Out Ep. 17

Chief Executive Officer Paul Foster of Crucial Compliance talks to Becky Liggero in this week’s episode of #HashingItOut about how blockchain technology can be utilized in dealing with compliance matters within the gambling and gaming industry. With the gambling space is now becoming multi-jurisdictional, compliance has become an essential part in responsible gaming as it also gives players the security to stay in the ‘fun’ zone rather than in the ‘danger’ zone. In partnering with nChain, Foster explains how the platform they built and the data they have must have integrity, which was made possible through the Kensei platform.

“The data is only as good as where it is hosted, which is normally with the operator. If we put the data onto the blockchain, then we create an irrefutable log of that data. It’s time-stamped, it’s correct, and anytime we can check that against the system to make sure that the system has integrity,” Foster said.

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