Transparency in Fantasy Sports: Blockchain introduces the concept of fair play

Fantasy sports users pay an entry fee, build teams and win based on player performance in real games. Points are managed by the fantasy team manager and the league commissioner is responsible for overall league management. Losers blame their loss on bad luck, but problems can also be the reason why losers lose their share.  안전한카지노사이트

Unsuspecting punters are cheated because most of the time, online challenges leave no traces and the authorities are completely unaware of their occurrence. The integrity of fantasy sports has been of concern to stakeholders for several years. The New York Times published an article in October 2015 where a DraftKings employee was found guilty of releasing data and using it for an unauthorized advantage. 온라인카지노 

Common types of challenges in fantasy sports

Sock Puppet Challenges: Involves the use of false identities to artificially inflate fantasy sports liquidity. These fictitious identities are usually created by site owners to create a false impression of high activity and unsuspecting bettors betting against cocky users. This helps site owners in two ways:

They show high activity on their website/platform.

The winning money in the pool is under their direct control and works according to their whims and fancies.

Pump and Dump Challenges: Fabricated facts to give a false impression of the credibility and profitability of a fantasy sports league. This task is performed by computer-controlled robots. Fake news such as key player injury, fake weather forecasts contribute to the volatility of value due to the mass spread of incorrect information.

Data Scout Challenges: Data Scout is the filter through which all sports-related information must pass, data scout login credentials in real time on the web from a real location. They act as the only connection between the game and the virtual world. There have been cases where data scouts are manipulated and insiders place a bet on an event that has already happened.

Ghost Games: These challenges are based on the concept that the flow of information can be manipulated and/or controlled. In such challenges, data scouts are asked to create a fictitious game and enter it into the system. While rare, such calls have caused bettors serious losses in the past in one-off exhibition events during the offseason and semi-pro leagues.

What is Blockchain technology?

Blockchain is a cutting-edge technology that makes fantasy sports more transparent and accountable. It will help track fraudulent records, verify the authenticity of bets and make fantasy sports tamper-proof.

Blockchain eliminates the trust issue by increasing transparency in the fantasy sports industry. Blockchain uses a decentralized system based on coordinated independent nodes, thereby not giving any particular person a centralized advantage in the process. A network of nodes verifies information by consensus and eliminates the possibility of undetected fraud. Blockchain also allows users to connect to a global network, increasing the transparency of the gaming industry.

Blockchain technology will help identify and assess malicious patterns. Tracking all operations would be easier with immutable data records. Blockchain will also be a conduit for verifiable randomness in fantasy sports.

Proven blockchain use cases across industries

Supply chain management

One of the challenges companies face in supply chain management is transparency. It is challenging for supply chain managers to ensure product authenticity as consumers sometimes receive counterfeit products. Blockchain is the right solution when it comes to product transparency and authenticity through its decentralized networks. Blockchain helps in tracking product information based on various filters including product from product status to its location, time and much more.

Digital identity

In today's world, digital identity has become very essential for one's security. Blockchain helps maintain an online record of information about an individual or company. Users can store their personal data in an encrypted digital hub. Blockchain helps users control their online data and the consent in which it is used.

Health care

Healthcare is a sector that needs a lot of improvements and blockchain technology can be the ultimate solution for the same. A major problem facing health care systems is that patients do not have prior health history, which makes it difficult for doctors to treat patients properly. Blockchain will have the health records of all individuals maintained in a digital network to improve healthcare. It will also strengthen the supply chain in the healthcare sector as there are many fake medicines circulating that make people suffer. So blockchain can be a good remedy for the problems of the health system.카지노사이트