Funfair Technologies Releases FunPass Blockchain-based KYC For Gambling Casinos
Funfair Technologies Launches Blockchain-Supported KYC Way Out For Gaming Houses
A distributed B2B gaming house platform known as Funfair Technologies today declared the launching of the FunPass. The FunPass is an exceptional blockchain solution that makes more efficient the registration procedures not only for casino owners, but also for players as well.
Yoti, one of the key identity platforms as well as GBG, an international ID information intelligence are some of the initial partners who will be incorporated into FunPass. It is expected that more firms will be brought on board even as the tool advances in terms of its flexibility to users.
Over and above, FunPass is largely an innovative pioneer blockchain powered project whose objective is lessen the overhead costs incurred during the registration procedure of players. This is instrumental in assisting to lower the hurdles for them to simply jump between casinos that make use of the platform.
While making use of FunPass, all that players require is to undergo the process of the KYC once, so that they can be in a position of playing on any casino which is powered by FunPass. Additionally, operators will also have the privilege to choose providers depending on their supervisory requirements as well as individual preference.
After a fruitful registration process, which is just a matter of seconds, the Ethereum wallet of a player is then appended on the innovative technology to be approved. This is the only consumer information which is contained in the blockchain. Otherwise, there is very little private information which is contained in an individual FunFair server for the sake of the process of regulations.
Reliable And Accessible Process
In the near future, FunPass will possess the ability of linking into national self-exclusion databases. This is due to the fact that it will be in a position of holding a bank of ratified player wallets among all the operators. This is effective in ensuring that the entire process is more reliable as well as being easily reached for a number of stakeholders in the entire bionetwork.
According to Jez San, the founder and CEO of FunFair Technologies, the platform is effective in bringing gamer registration into the current space. In most cases, KYC process are usually expensive for operators, in addition to being time consuming for players.
However, by making use of the blockchain technology, the entire process has been made faster and simpler for players, who will now be better placed to decide the locations which they want to play in. In many ways, the process of signing-in has been made more efficient.