We were officially introduced to Blockchain last year at the Africa Blockchain conference and it is from here that we learnt that there is a lot that can be done. Beyond the crypto-currency that we are most familiar with, the blockchain technology can be employed in almost every industry that runs on tech to make work easier and much more enjoyable.
The latest deployment of the tech is in lottery, and we have a new blockchain-based ticketing system in town – Mobile Lotto. Away from the random numbering and wheel-spinning, this one is built on the core principles of transparency and effectiveness.
Mobile Lotto is a mobile-based lottery that runs on an operating system developed on the top of WinChain OS, a decentralized lottery technology platform which pulls together Blockchain technology, mobile payment and ‘state-of-the-art’ lottery technology to offer a seamless experience for gamers.
This eliminates the reliance on chance, which involves ‘secret’ lottery draws and the related parameters like random number generators; and replaces these with smart and self-executing contracts that are openly inspected before built into the transaction.
How the blockchain applies in Mobile Lotto
Precisely, if you are to play on Mobile Lotto, you will be made to understand that no one can predict or alter the results without the consent of the majority, and that everything going on is transparent enough.
You will be able to keep track of exactly how your money is being pooled, how many players are involved, how the number draw is being randomized from unknown blocks, what percentage of the pool the organizers keep for themselves, and how privacy is upheld whilst compliance regulations are met.
Mobile Lotto operatives claim that the new platform will fix the transparency issues of existing lottery systems, on top of making it easier for the Uganda government to raise public funds.
