Announcing the launch of the first blokcheyn lottery based on smart Ethereum contracts

Singapore's Kibo said on preparations for the launch of the pilot product - a lottery-based blokcheyna Ethereum, a key role in ensuring the transparency of which will play a clever contracts and open source.

According to company representatives, the development of a lottery based on blokcheyna and immutable smart contracts Ethereum to write and enforce Lottery rules, in conjunction with an automatic transfer of funds will allow players to be sure the organizers of honesty and, in principle, reduce the need for trust, because with proper competence, any user will be able to conduct an independent audit of the code and ensure that it complies with the stated conditions.

"We have always believed that openness, transparency and honesty are the basic principles of human communication. Like many other developers, we just loved the idea of ​​blokcheyna. This technology makes the world more open and information in all spheres of life more affordable, "- noted in the online platform.

Administration of the project also promises that the winnings will be credited to the winners in a few minutes without any fees and commissions.

"We believe that KIBO enough power to make changes in the most popular game in the world. This game - the best way to make blokcheyn accessible to everyone, "- Andrew Miller, who served as Director of Development Kibo Partners PTE. LTD.

The release of the new platform is scheduled for the end of the third, the beginning of the fourth quarter of this year.