A government of the people of Alicante in Spain has announced the use of blockchain technology for the next Christmas lottery on December 22nd.
Lottery 6 administration of Alicante (El Negrito) is responsible for using the blockchain to generate more credibility in a raffle aimed at handing out prizes of around 33.9 million euros on Christmas Eve, like the local newspaper reports Information.es.
Regarding the unpublished advertising for the betting and random sector in Spain, The administrative director pointed out that it will be the first in the country to begin certification of its product with a public blockchain during one of the busiest seasons.
“By confirming in the blockchain that the games purchased are their property, customers can be 100% sure that they will receive their prizes. Even if our administration were set on fire and only ashes were left from his tickets, he could pick them up as he has valid legal proof at European level that he is the owner of this piece, ”Mateos told the local newspaper.
For Mateos, the implementation of blockchain technology brings benefits to both the seller and the buyerEven if the ticket is lost or the lottery “escapes”, in the event of a winner, the buyer can always pick up the prize due to the trust and immutable traceability transmitted by the blockchain.
“This technology offers legal certainty from the first second, since nothing and nobody can prevent the winner from receiving the highest price he has with a certificate of ownership for the tickets and tickets bought in the blockchain,” he emphasizes.
The use of blockchain technology in the local administration of the lottery is thanks to the collaboration of Miguel Caballero, Author of the book “Bitcoin, Blockchain and Tokenization for Restless” and founder of the renowned online learning platform Tutellus.
The administration of El Negrito in Alicante is one of the ten best-selling companies in the country alongside traditional companies such as Doña Manolita in Madrid or Sort in Lleida. Despite the drop in sales due to the pandemic, it is still the fourth more games, just behind metropolises like Madrid, Barcelona and Valencia.
Blockchain as a guarantee for transparency
The persuasive words of the Alicante lottery administrator regarding the use of the blockchain and its immutability in the records against any disaster are undoubtedly a point that highlights the benefits of using the blockchain in this type of blockchain events.
In addition to the immutability of the records and the permanent retention of the “winning ticket”, one of the great advantages of using this technology in traditional lottery raffles is undoubtedly the trust that it can create due to its transparency.
With the capacity of distributed and public records that blockchain technology enables for every transaction carried out in it, gambling and gaming administrations can find a strong ally in the blockchain that will enable them to increase their transparency, security and confidence in their giveaways.
In addition, these administrations can see an increase in profits by attracting a public that welcomes their implementation in order to fix the compromised transparency that many lotteries around the world have.
Notable examples of implementation in this sector include the cases of the Rio Negro lottery in Argentina and the Fire Lotto project founded by Russian businessmen in Cyprus based on the Ethereum blockchain, to name a few.