When we remove human intervention from operating processes that handle sensitive information, a corruption-free environment can be assured. For Belotto, an upcoming new lottery project that will soon be released worldwide is a significant differential in the market, making it far superior to traditional lotteries, as automation happens thanks to a decentralized network called the “Blockchain” that is able to manage all money-related transactions, including the Jackpots behavior.
Belotto hands over the management of the various crucial stages that make up a lottery business operation to the Blockchain in the following way:
Drawings
Drawings will no longer be secretly carried out behind closed doors, as we will extract alphanumeric strings (later converted into numbers) from a public, external source: www.blockchain.info to determine the winning numbers combination, for an absolutely random process.
Agreements
Smart Contracts will be in charge of handling the signatures of legal documents: Privacy Policies, Terms, and Conditions of Use, Operation Standards, etc., as well as pursuing violations of them and non-compliance complaints.
Payments
This covers all payment-related transactions, may it be for ticket or service purchases, rewards, and dividend delivery.
Prizes
The incorporation of money received from ticket sales to the main lotteries’ jackpots, as well as prize delivery.
Smart Tickets
Smart Tickets will be in charge of associating each user with their played numbers thus, preventing ticket forgery.
History
All historical data will be permanently stored on the Blockchain in a secure and automatic way.
Security
Belotto’s own Blockchain and Smart Contracts allow automatization and decentralization throughout the service rendering for a higher security standard.
Rewards
The decentralized network will manage all incentives for those who contribute to the community with reports, bug resolving, referrals, translations, and more.
Escrow
The double-security standard that protects jackpots’ money through joint signature so that no one has access to them before there is a winner and for other than transferring it to them.
As crucial stages of execution are carried out automatically by preset code needing no human mediation, data manipulation is lessened to zero, allowing virtually perfect performance, and the lottery business reaches to the highest level.
Want to know more? Go to the project's official webpage: www.belotto.io.
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