Can You Imagine the Lottery Adopting Blockchain Technology?

The lottery has been present as one of the most important tradition in the human history, not only serving the purpose of people getting lucky and realising their dreams, but also shaping a remarkable role in some of the nation’s history as in the case of the Spaniards who needed to raise funds to face the expenses derived from the war of independence from the invasion of Napoleon! Read the full story of El Gordo de Navidad lottery here.

Undoubtably, the lottery had and still have a significant role in every household on earth. Whether it’s a walk in the street to buy the lottery ticket from the nearest kiosk with your neighbour or a gather up to attend the big reveal of the winning numbers. It’s just something we have brought up to!

The essence of the lottery is rooted deeply in each one of us, even if we never bought a ticket ourselves, our grandparents must have told us about their experience participating in the lottery.

And what is more heartwarming than listening to our grandparents’ dreams of what they wanted to do if they won the lottery?!

Despite all the flaws that the state lotteries currently have “ Millennials Opinion” We keep on following it as it’s just something integrated in us, something that connects us to our roots, something that preserve its essence.

But as that is the most piece of truth about lotteries, we needed to find away to maintain the lottery essence to stand strong against the wave of the modern technology, to not give it up for another convenient option (The main reason for marketing success)

So What do we do?

The answer is simple! The modern technology is not against the old models, but it’s an ally to the existing rooted industries that were born in a time when we weren’t that advanced. So now why not combine the modern with the tradition to create an ever lasting model that will let us serve the old and the modern equally, creating and ever lasting harmony!

With this comes the Blockchain, an evolution of the world’s invention that has shaped and changed the world with its transformative capabilities in so many areas such as; Banking systems, Voting, Real-estate, Retail, Online music and more others, but what we are here for is the Lottery.

MyLottoCoin is at the forefront of blockchain adoption for lottery industry. It acts out as a lottery-specific turnkey blockchain solution, that is designed to help official and state lotteries to be more circular, with near-zero operating and administrative cost, in a format designed for the blockchain age, while maintaining the critical process and values as central to the business model.

Because all of us feel more related to the old model!

So, MyLottoCoin is presenting a solution for state authorised lotteries to remain onboard and even generate more revenue.

Our turnkey blockchain solution is built on the premise that the entire lottery experience begins and ends the same as at a retail store yet with a near zero operating and administrative cost.

In many cases, building a customised solution from scratch in an attempt to meet the exact specifications of your business can be a setup for failure.

That’s why we, a team of expert equipped with skills from cyber security to project management and business analytics, developed a turnkey blockchain-powered solution specifically designed for state and official lotteries to not only build their presence on blockchain but also fully interact with their current business processes and maintain the brick-and-mortar of business model.

But really! What does it mean for the state lottery to adopt Blockchain Technology?

It means:

• End to end automation (ticketing, pay-outs, loyalty, annuity, etc.)
• New revenue stream at no cost; more allocation to good causes
• Full auditability, financial independency, and financial inclusion
• Full compliance with all regulatory requirements (KYC, tax, etc.)
• Merging the best of online and retail experience at no overhead

That only leaves me to say that, this is Smart, Responsible and will lead to a Sustainable growth to the state lotteries that we all want to stay!

But wait, how does MyLottoCoin onboard lotteries to the Blockchain Technology?

We — MyLottoCoin — build their blockchain presence with one-of-a-kind lottery-specific blockchain solution and offers a Minimum Awesome Product (MAP) that is Ready for Implementation, Done for Deployment. We commit to adopt, grow and innovate & sustain their growth.

That’s an evident that Blockchain has the capability to transform businesses to the better.

The Blockchain solution is designed to effectively bridge the gap between a Blockchain gaming experience and traditional practice, while maintaining the Lottery’s critical process and values as central to the business model.

It’s so flexible, customisable, auditable multifaceted, and transparent with full compliance with all regulatory requirements.

It’s the time that state lotteries jump onboard and choose a solution that guarantee their ever sustainability.

Contact info@mylottocoin.io to discuss your adoption to Blockchain.