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WaykiChain [WICC], Blockchain Industry Delegate, with over 150 Top Global Firms Attends China Development Forum [CDF] 2019

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WaykiChain [WICC], Blockchain Industry Delegate, with over 150 Top Global Firms Attends China Development Forum [CDF] 2019
Source: WayKiChain

The 20th China Development Forum [CDF] is held at the Diaoyutai State Guesthouse in Beijing from March 23 to 25, 2019. As blockchain industry delegate, WaykiChain is invited, this is also the second year that WaykiChain was invited to the CDF.

Source: WayKiChain

The CDF is an annual high-level international conference organized by the China Development Research Foundation and hosted by the Development Research Center of the State Council [DRC]. The theme of this year’s CDF is “Greater Opening-up for Win-Win Cooperation”.

Source: WayKiChain

Vice Premier of the Chinese State Council, Han Zheng, CEO of Apple Inc., Tim Cook, CEO of Royal Dutch Shell plc, Ben van Beurden, CEO of IBM Corporation, Virginia M. Rometty, Chairman of the Board of Management, Volkswagen AG, Herbert Diess and other over 150 Chinese and overseas delegates in political and business fields participate in the forum.

BlockChain Highlights on CDF

In the forum, Gordon Gao, CEO of WaykiChain communicated with some business leaders who are interested in the blockchain industry from the World’s Top 500 enterprises. When Gordon Gao asked opinions about the blockchain industry, Rich Lesser, CEO of Boston Consulting Group said that blockchain is one of the most important technologies that will change the world. And he is very optimistic about the future of WaykiChain.

Why WaykiChain [WICC], the Only Blockchain Team was Invited by CDF 

Due to the great contributions to the industry, strong technical strengths and well-known technology and management team, WaykiChain receives more concern and support from the Chinese government and became the only invited blockchain team in this high-level international forum.

About WaykiChain 

WaykiChain [WICC] is a third-generation blockchain that is based on DPoS consensus algorithms and supports Turing-complete smart contracts. It is reportedly able to sustain transactional throughput above 1,000 TPS in actual use. In the long run, WaykiChain [WICC] aims to provide a secure, reliable and high-performant blockchain technology platform that will enable the growth of multiple industries such as prediction markets, decentralized assets exchanges, and decentralized forex exchanges.

Follow WaykiChain’s official channels for the latest updates on its Website, Developer Telegram Group, English Telegram Group, and Twitter. For inquiries, please contact here.



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Press Release

Are Blockchain Casinos on the rise?

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Are Blockchain Casinos on the rise?
Source: Pixabay

Over the years, the online casino industry has gone through many changes with new technology allowing for better payment methods and software on the sites. One of the newer additions to online casino sites is blockchain and sites that use this.

Here, we are going to discuss whether we think that blockchain casinos are on the rise or not. Keep reading if you’d like to find out more about these casino sites.

What Is A Blockchain Casino?

Blockchain technology is essentially a system that allows digital information not to be copied when it is being distributed. This technology originally started out as a method for Bitcoin which is a cryptocurrency and now is present in many online casinos. Blockchain was first invented in 1992 and since then it has come a long way.

A blockchain casino is a safe and secure casino that uses this special technology to pass the information on. There are many new casino sites that are already using blockchain technology but is the number of these still rising?

Why A Blockchain Casino?

You might be wondering about the advantages of blockchain casinos and why many casino operators are making the switch to this technology. The main reason for this is that there are many advantages to using this technology. Firstly, there is more transparency and trust and there is also a reduced risk of fraud.

This is something which is very important to many players at online casinos as they want to make sure that they are not passing their details onto a company that is going to sell it on.

When a casino uses blockchain technology, they can also allow players to make payments with cryptocurrencies like Bitcoin which are becoming even more popular in recent years. Of course, there are many other advantages of using a blockchain casino both for the player and the operator. For this reason, we have seen a rise in the number of blockchain casinos online right now.

Issues With Blockchain

There are some minor issues with blockchain casinos that operators are working hard to resolve as soon as possible. The fact that it is new means that there are some general infrastructure issues and the transactions can go through a lot slower than some players would like. Of course, these issues are set to be resolved sooner rather than later.

The Rise Of Blockchain Casinos

From the research done by companies interested in blockchain casinos, it is clear that these casinos are on the rise. In the first quarter of 2019 alone, there was $1 billion of TRON cryptocurrency gambled online. This is a lot of cash and it shows that players are not afraid to try out this new type of casino when it comes to spending their own cash.

Research also suggests that this income came from over 432,000 users which are a lot more people than it would have been in the past when this technology was first invented.

Of course, it is also important to note that the online casino industry is growing at the same time as the popularity of blockchain casinos. It is expected that the online casino industry will earn more than $50 billion this year which is a lot of cash.

With more people playing online in general and the technology improving so much – it is expected that blockchain casinos will become even more popular as time goes on.

Final Verdict

It is clear that blockchain casinos have been on the rise for a while now and they don’t plan on stopping any time soon. As the technology gets more advanced and players can be sure that their details are going to be kept safe, these casinos are set to become even more popular.

On top of this, online casino regulators can rely on technology when it comes to ensuring casino operators are sticking to the regulations. Look out for the rise of blockchain casinos as time goes on and more casino operators start to make the switch to this technology.

We expect more payments being allowed in Bitcoin form as well as the other cryptocurrencies that are gaining a bit of momentum right now.

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