When you mention blockchain, you are most likely to think of digital currencies or just cryptography. However, the new technology is set to revolutionize many different industries - and even if it doesn’t truly revolutionize them, it might offer a different way of doing things. One of these industries is gaming, or betting, as it is known in some places. This industry is often considered highly controversial, due to the potential of fraud, data protection issues, high fees, and hidden odds. Blockchain’s innate transparency and immutability could solve most of these problems. For example, once you win and the tokens are transferred to you, there is no way for someone to steal those funds from you unless you are extremely careless, as a traditional hacking approach does not work on blockchain. Additionally, nobody can take on your identity as they would need your private key to do so - and the key cannot be guessed. Again, the only way they could harm you is if you explicitly let them do it. There is also the added layer of security with blockchain’s public addresses: when you know the public address of the casino itself - and you can find it when you get your funds transferred from them to your own wallet - you can know whether they have enough funds to pay everyone out; in other words, the casino’s liquidity is out for everyone to see.
