The Gaming Standards Association (GSA) announced an agreement with BlockRe, an international risk assessment firm with offices in London, San Francisco and New York, to explore leveraging their blockchain technology risk assessment framework in the gaming industry. BlockRe’s risk assessment framework is designed to allow for a thorough review of blockchain-based solutions. The result of the assessment details any potential risks that may need to be evaluated by those looking to install blockchain-based applications and the appropriate authorities. BlockRe has significant success using their framework in the Finance Industry working with some of the largest insurance underwriters globally.
Blockchain enabled applications are starting to proliferate with more and more use cases being identified and companies announcing solutions for the gaming industry. GSA is evaluating whether the use of this risk assessment framework will provide the additional insight for its members that are seeking to deploy or utilize blockchain-based solutions. Additionally, GSA believes the framework may be beneficial for Regulatory Agencies seeking an independent review of solutions positioned to be used in their jurisdictions.
GSA President Peter DeRaedt said, “We are interested in understanding how the use of BlockRe’s framework that lays out technical guidance, risk mitigation strategies, and conforms with relevant regulatory regimes could be of value to gaming companies, operators and regulators.”
GSA Europe’s Managing Director Mark Pace said, “Having an office in Malta, now known as Blockchain Island, where so much blockchain-based innovation is occurring, makes the potential access to such a framework for GSA Europe members very timely and exciting.”
BlockRe President Raymond Zenkich further adds, “BlockRe is excited to be working together with GSA and its members to explore the intersection of blockchain technology, risk management, and regulatory frameworks.”
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GSA Platinum members include: Aristocrat Technologies Inc. (ARLUF); International Game Technology (IGT); Konami Gaming Inc.; Microgaming Software Systems, LTD.; NOVOMATIC AG; Playtech, (PTEC.L) & Scientific Games International (SGMS).
Other members include: Adlink Technology Inc.; Ainsworth Game Technology Inc.; Alphaslot; Amatic Industries GmbH; AmTote International; APEX pro gaming; Appolonia; Ares Way; Aruze Gaming America, Inc.; Atlantic Lottery Corporation; AxesNetwork Solutions Inc.; BMM Testlabs; Canadian Bank Note Company, Limited; Canadian Gaming Association; Casinos Austria; Cashpoint Payment Solutions; ComTrade Gaming; Combination AB; Crane Payment Innovations (CPI); DRGT Europe; European Casino Association; Everi; Fortunet; Foxwoods Resort Casino; Gaming Laboratories International, LLC. (GLI); Gaming Consultants International; Gaming Technologies Association; Gauselman GmbH; Ganlot; Genlot Game Technology Co., Ltd.; Grand Vision Gaming; House Advantage; Intralot S.A. (INLr.AT); Inspired Gaming Group Ltd.; Interblock USA; JCM Global; Loto-Québec; Macao Polytechnic Institute; Macau Gaming Equipment Manufacturers Association; Manitoba Liquor & Lotteries Corporation; Maxgaming; Mobile Gaming Monitoring On GmbH; Multi-State Lottery Association; Nidec Sankyo Corporation; Oregon Lottery; Paltronics Australasia Pty. Ltd.; Pollard banknote limited; Quixant; Radical Blue Gaming; Random Consulting; Sega Sammy Creation, Inc.; Seminole Tribe of Florida; Seoul National University of Science & Technology; Smernax Holdings Ltd.; Spintec d.o.o.; Synergy Blue; U1 Gaming; Universal de Desarrollos Electronicos, S.A.; UNLV International Gaming Institute; VEIKKAUS; Western Canada Lottery Corporation; Wojskowe Zaklady Lacznosci Nr 1 S.A.