Quanta is the first fully licensed blockchain lottery in the world. Developed on the breakthrough Ethereum blockchain technology, Quanta will transform the conventional lottery for the better. Quanta’s decentralized global network not only provides safety and credibility to players and operators but also democratizes the experience by making it available to people regardless of border or economic status. People are now able to enjoy a transparent, fully-autonomous, and manipulation-proof gaming experience.
According to TechNavio’s Global Lottery Market Report (2015-2019), the value of the global lottery market in 2014 was $246.65 billion. It is expected to reach $376.87 billion by 2019. The lottery market growth is 8.85% CAGR.
With the growth of the world economy, especially within APAC and Africa, and the corresponding changes within income groups, experts expect the lottery market to grow. Further, as use of mobile internet devices such as smartphones and tablets increase, expansion of the online lottery market is certain.
As all centralized services, lotteries have the issues of trust. Four common issues are
Lottery players may question the possibility of manipulation or fraud:
– Is the ticket and lottery real?
– Is the jackpot winner real?
– Is the prizes paid on time?
Lotteries serve as funding for social projects. However, in many cases, fair distribution of funds can be questioned by the players.
Users can not easily take part in some of the biggest lotteries in the world but are limited to playing smaller local lotteries.
New online solutions have recently gained some popularity but the service charges as well as risks of fraud and mismanagement remain high.
In many regions, lotteries are not legal or only governments and affiliated organizations can obtain a license to operate a commercial lottery business.
Also, corruption schemes that affect distribution of funds may take place in different regions.
Built on the breakthrough Ethereum blockchain, Quanta is the first step to the new generation of global lotteries. Major improvements that a mass decentralized lottery will bring are:
Quanta Lottery system is built on Ethereum blockchain, operates with high level of automony with its data and records cryptographically stored on a decentralized Blockchain.
Players who own cryptocurrency can participate in Quanta Lottery from anywhere at anytime.
Quanta is the first officially licensed Block-
chain lottery in the world:
-Licensed by the Isle of Man Gambling Supervision Commission.
– NMi certification on Quanta lottery system
– Anti-Money Laundering and Countering
Financing of Terrorism (AML/CFT)
Random number generation (RNG) method which is used to produce winning numbers is secure and fair and makes manipulation and fraud impossible.
Start of Quanta project
Release of Quanta Wallet
Start of Quanta’s open beta testing
Release of white label solution and betting service solution
Publication of Quanta white paper
Start of Quanta’s closed beta testing
Release of Quanta v1.0; Start of Quanta affiliate