World-First

Leading the world by engaging with regulation, Quanta sought to be the first to operate legally and in compliance with international standards. 

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World-first blockchain gambling license
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First cryptocurrency player protection solution
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First ICO funded gambling license
PROJECT BRIEF

In 2016 we were approached by the founders of Quanta, a concept for blockchain gambling. Unlike many of the speculative blockchain gambling projects at the time, the founders wanted to create a real business with longevity and obtain a blockchain gambling license, something never achieved before under any reputable regulator.  

  • Date:2016
  • Client:Quanta
  • Discipline:egaming, blockchain
The Solution

Although decentralised models don’t fit naturally into regulations and crypto currency source of funds was unheard-of, it was a challenge we relished. During the preparation of the license application and dialogue with the regulator, we had to consider how to create a player protection mechanism capable of protecting 100% of player funds by law, demonstrate the security of the technology to real-world standards, identify cryptocurrency transactions for the purposes of risk and anti money laundering, and secure fiat banking. It took a lot of work and persistence, but we were successful; the first legitimate blockchain gambling license in the world. Following this we assisted establishing operational teams and supported the product launch.