At the ICE London 2023, CoinGeek’s Becky Liggero had a chance to check out the massive event with a focus on emerging technologies like the blockchain, IPv6, and B2B solutions within the gambling industry.
ICE London 2023 gathered a record of 40,000 attendees at ExCel London, and among those was Matt Dickson, the CEO and co-founder of BitBoss, a gaming company headquartered in Denver that provides a cashless ecosystem in the gambling space.
Dickson joined Liggero at the Consumer Protection Zone for CoinGeek Backstage, where they talked about BitBoss, their partnership with nChain, why they decided to push through with the partnership, and more.
What does BitBoss do? Dickson said his company provides a cashless solution package for casinos consisting of hardware, software, and Know Your Customer for banks. The company is a partner of enterprise-grade blockchain firm nChain, which helps BitBoss with its banking system through the Kensei platform.
“[nChain] help us with our banking system, so our bank allows us to keep their ledger for them. The velocity of money is so high in casinos, [and] we’re constantly moving balances back and forth. Blockchain technology is really the key way to do that, and nChain is powering that technology for us,” Dickson explained.
Kensei is a data integrity platform that provides enterprises with unbounded benefits of blockchain technology by simplifying its integration into their customer’s businesses and data management processes.
Apart from offering products like Kensei to the blockchain world, nChain is also leading globally with its intellectual property portfolio. And Dickson shared that in October 2022, nChain had aided them with a number of blockchain patents—2,800 to be exact—giving BitBoss a defensible foundation in the space.
All of this is just the start of the two firms’ partnership, as nChain will also assist BitBoss in expanding its root to the European gaming space.
“So nChain has some very deep roots into the European gaming sector, and they also have access to capital for us. So we’re here to discuss our European expansion,” Dickson said.
ICE London 2023: Safer gambling is tippy tongue of everybody’s mindset
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Matt Dickson, CEO of BitBoss, joined the recent CoinGeek Backstage livestream hosted by Matthew Ebenezer to talk about how his company and nChain are helping to bring an end to the use of cash and chips in the gambling sector.
With the rise of Advanced Cashless Technologies and specifically Bitcoin SV, the potential for eliminating physical cash at the table is becoming more and more feasible. BitBoss has partnered with nChain to bring its cashless gambling solution to new markets in order to make this happen.
Matt Dickson stated that it will be about more than just eliminating cash and chips. Backstage asked Dickson a few times about what the solution is bringing to the table and he said that it focuses on both the user experience and the chain of custody for each transaction.
The user experience component is sure to improve the safety and speed of transactions since players will no longer need to worry about having too much cash, or any cash at all while they are playing in a casino or on a site such as an online casino.
Dickson brings up the chain of custody component as well. Each transaction with this solution has a 100% provable chain of custody that is transparent to both the user and any auditors. This means that they can prevent any kind of fraud or suspicious activity.
With BitBoss and nChain’s partnership, Matt Dickson and his team are effectively working to bring an end to the need for physical chips and cash at gambling tables and online. With their advanced solution, players and operators will be able to be sure that both the security and user experience are at the highest levels possible.