Technological Trends in Gambling and Casino Industry
According to Don and Alex Tapscott, authors of Blockchain Revolution (2016), blockchain technology is an incorruptible digital ledger of economic transactions programmed to record not only financial transactions but also virtually everything of value. Blockchain technology offers the possibility to create and to authenticate digital information. Each block’s information is saved identically, and the blockchain network cannot alter any separate object. It thus has no point of failure.
Technological trends are appearing more often than ever across many industries, and gambling is no exception. As a result, the experience of gamblers has been transformed by the different technological trends. Let’s study some of them.
Nowadays, traditional gambling, including the casino industry, is less popular than online gambling. Thanks to the emergence of online platforms, people all over the world can take delight in their favorite games without leaving the comfort of their homes. Another advantage is that the traditional casino doesn’t have additional bonuses and privileges. Using the online platform, you can get good bonuses for your first deposit. These are some of the reasons why many people shifted to the online platform.
People’s lives were turned upside down after the creation of smartphones. The majority of the population on the globe is glued to their phones and has no desire to get rid of them. Why is this a technological trend? The answer is clear. While visiting online gambling websites, you can be situated virtually everywhere in the world. You shouldn’t need to go to the traditional casino to quench a thirst for playing. You can choose from all the possible games web-browsers or apps have.
As you know, digital information can be widely reproduced and popularized with the help of the Internet. For example, few years ago a gang of scammers in Asia used small cameras and a computer to scam online casinos. They had a device which could examine the order of cards and reveal how those cards would play out.
Now, the evolution of technology has solved this problem. Services in the fields of identification and confirmation of accesses rights work on the basis of blockchain technology. They create a digital analog of identity cards. Developing systems of cameras with Artificial Intelligence (AI) has made it easier to recognize whether the user exhibits suspicious behavior or not.
The Technology of Virtual Reality
This technology is popular for its virtual world. Any user must have VR glasses supplying a fixed image. This image looks real through the help of computer programs. When this technology was presented to the whole world, the casinos wanted to try it. From the very beginning, people resented the work program, but, software developers found a way of solving the problem. For example, Slots Million is one of the casinos which uses VR technology. This step into the future makes the player a part of the casino. While using the VR technology of Slots Million, the user can walk around the casino, go to the bar, and even smoke a cigar.
Comparing the online casino with the real one, the most distinctive feature between them is the way payments are made. When playing at the casino in the real world, every person can pay any sum of money. But in the online casino, real money cannot be used. Because it’s a part of a gambling platform, such cashless payments as PayPal, Visa, and Mastercard are used.
One example for a such platform is Bitbook.ag. This platform, created on the basis of blockchain technology, offers its users various gambling games, betting options and card games under the same roof. The casino has more than 200 games and the sportsbook offers odds for betting on sports from European football, tennis, basketball to American football. The cryptocurrency, the Bitbook token (BXK), helps people get back 10% of their monthly loses and rewards players with a wide array of additional bonuses.
In conclusion, the gambling and casino industry has become increasingly popular, and passionate users are involved in it. With such reactions, these tendencies will continue to progress and continue to develop the platform long into the future.