Blockchain Gaming and Canada’s Potential to Lead

Over the past few years the world has seen a gradual acceptance of Blockchain technology. This has resulted in an explosion in Blockchain development and incredible advancement in its technology. While many industries await regulation in the young technology, the online casino industry remains at the forefront and Canada may be poised to lead the way in Blockchain gaming.

Canada’s Technical Innovation

Canada has a longstanding tradition of technological innovation as was evident in the dot com era. The country plays host to a number of companies in the areas of eSports, video games, and casino gaming. One of the most prominent video game developers is Ubisoft, creators of games like Far Cry, Assassin’s Creed and Just Dance. Recently they have formed a partnership with blockchain developer Ultra to harness their innovative technology for quicker and more secure payments and faster delivery of software. Ubisoft also partnered with Station F in 2017 to further entrepreneurial gaming and entertainment in an on-going partnership.

The third season will focus on two themes: artificial intelligence and blockchain. These topics are of particular interest to us, as these new technologies will profoundly change the way we live, work, and play. Algorithms and artificial intelligence have always been at the heart of the video game industry, and Ubisoft in particular has always been keen to explore the possibilities of these technologies to improve the way we think about games, and to positively impact players’ experience.

Catherine Seys, director of the Ubisoft Station F Program and Project Director at the Strategic Innovation Lab

i-Gaming in Canada

The casino industry is a multi-billion dollar per year business and Canada is already plays home to many of the world’s leading i-Gaming businesses. Through a regulated and fully licensed portfolio of casinos, the country can tap into some of the most popular payment processors whom are already exploring crypto casino payments. Paypal have acknowledged their interest in some form of blockchain payment system while other notable processors like Skrill already accept cryptocurrencies. With blockchain fuelled payments, players will benefit from instant deposits and withdrawals. In addition, RNG (random number generator) coding which is responsible for the randomness in slot machines, can be built atop the blockchain to ensure absolute fairness and gain instant trustworthiness among regulators.

Conclusion

With a history of innovation in all facets of technological development coupled with a strong foundation in online casino gaming, Canada remains as a front runner to lead the charge in Crypto Casinos.