Distributed ledger (blockchain) creates trust between various personalities where it is nonexistent or unproven. For this reason, there is a willingness to transact, share data or engage in business activities.
It is a leading factor in crypto sports or sports betting. There is the availability of an unaltered record of transaction with an end-to-end encryption. The goal is to ward off cyber criminals
The trend cuts costs for bettors and the organization by creating efficiency in processing transactions. The elimination of middlemen, third-parties and vendors also contributes to the phenomenon.
The elimination of middlemen makes the transaction processing fast and effective. In some cases the activity completes within seconds.
The technology comes with innovation that solves intractable problems and improves cumbersome practices.
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