BetConstruct Introduces Blockchain SolutionJake Cooper | 13 Nov 2018
BetConstruct has introduced its newest development, an Ethereum-based Blockchain solution, Fasttoken. The company announced its latest solution at this year's Malta Blockchain Summit, which was held on the 1st and 2nd of November.
BetConstructs Ethereum Based Fasttoken
Bet Construct issued a press release that detailed the specifications of its new product. The company has guaranteed a full all in one Ethereum-based decentralized solution that will deliver transparency to both providers and operators, as well as offering an easy to navigate interface.
CEO Vigen Badalyan detailed the benefits partners will be able to access with the launch of this new technology. Benefits include operators being able to implement various transactions and operate Blockchain activities. The innovation will also enable the company to offer cheaper transactions, reduce latency and improve scalability.
The company CEO went on to expand on the company’s 15 years of experience in the iGaming industry, and its solid industry relationships with well-known brands who have already embraced the Fasttoken as their cryptocurrency of choice.
BetConstruct Leads the Way
BetConstruct is an award-winning provider of casino games and solutions. Its innovative products include online and land-based casino solutions, sportsbook technology, skills-based games, fantasy leagues and business management.
The company also offers a back office system that gives operators full control over customer service offers and cost and it offers its services in 16 countries.
The Malta Blockchain Summit
The Malta Blockchain Summit is endorsed by the Maltese government and brought together 8500 delegates for 3 days of industry expert speakers, over 300 exhibitors and a Hackathon.
The Hackathon sees teams of 4 to 8 developers compete for the prize of €50000 a runner-up prize of €25000 and a third and fourth prize of €15000 and €10000 respectively.
There was also an Initial Coin Offering (ICO) pitching session which introduced innovative projects such as the first day's prize winner, start up Rise Token and AE token, with Tatau and GoMama achieving 1st and 2nd place on the second day of the conference.
Rise Token CEO Stefan Tittel expressed how honoured the company was to be chosen as the overall winner by Blockchain industry experts.
The next step for Malta will be to bring inline the countries Blockchain legislation in order to capitalize on this growing industry and accommodate the many gaming companies which already call the nation home as they implement the new technology.