Stakers launches blockchain smart contracts on Ethereum platform Founded in Malta, iGaming Company Stakers introduces a brand-new blockchain-operated security system. The top-level security is ensured with self-executed smart contracts, signed by two or more parties and sealed with computed hash.
Michael Schmidt, company’s business development manager points out: “I am sure that introduction of smart contracts running on enormously powerful shared global infrastructure will serve as a confidence boost for the growing number of our players. We’ve been always promoting the principles of fair play, and blockchain technology makes yet another way to prove it”.
Being inspired by American Express’ blockchain-based e-payment system, this sports betting operator introduces its own transaction handling system, eliminating data interceptions and fraud. Obligations under smart contracts are enforced immediately after the bets results announcement, thus meaning the bets are processed almost at once after their placement. Therefore, the players are ensured with their bets and payouts while Stakers proves once again its trustworthiness and liquidity.
“We abide to the gold standards, set by our predecessors, yet there is no use denying that today’s betting services require a totally new approach. Stakers has already been in the limelight with its innovations for some time and we are going to keep to this path”, commented Michael Schmidt.
Most analysts claim that blockchain is going to be a basis of tommorow’s e-commerce. Approximately two-thirds of bank transactions are forecasted to be blockchain-optimized by 2020. The key features of blockchain make it perfect not only for banks, but also quite beneficial for any kind of general business management. The system’s transparent data trail and online processed transactions prove conclusively that the smart contract’s main principle has just started to bring out its potential.
Stakers Sportwetten is licensed in Malta and regulated by the Maltese Gaming Authority. License number MGA/CL2/1306/2017