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It's time for online sportsbooks to fully embrace the blockchain, or be left out in the cold.
On Thursday, May 18, 2023, @TimFromCombatIQ is set to discuss how his CombatIQ utilizes block chain technology for dispute resolution and conflict settlement for sports betting.
Tomorrow on #CGConversations host, @chblm is joined by @TimFromCombatIQ of Combat IQ to discuss how they use #blockchain for dispute resolution and conflict settlement for sports betting!
— CoinGeek (@RealCoinGeek) May 17, 2023
Enjoy the promo pic.twitter.com/YTWeIHP2jc
Founded in Toronto, CombatIQ is the world's first AI-powered combat sports analytics tool for fight promotions, sportsbooks and industry participants.
"From fight promotions to broadcasters, brands to bookmakers, we cater to all their needs. All anchored by what we do best - fast, accurate and reliable official data," the site proclaims.
Tim Malik says "the way we use blockchain comes down to our sports betting clients."
He added: "When we deliver odds to sports betting companies, we actually publish those odds to the blockchain at the same time.
"And that's how we create an immutable record for dispute resolution, conflict settlement."
Blockchain is what powers bitcoin and other cryptocurrencies. It provides the structure for dispute resolution assisted through the use of smart contracts. The blockchain offers a permanent record of a verifiable, unchangeable transaction ledger.
Blockchain startups have created dispute resolution solutions using blockchain technology, smart contracts, and online applications across the board, not just in the world of online gambling.
Be sure to tune in on Thursday here.
- Aaron Goldstein, Gambling911.com
