Mitoshi

INTRODUCTION

The blockchain technology started as the backbone of a digital currency known as bitcoin, but is gradually taking over every industry from financial industry to agricultural industry, and so on. And in the near future, it will be a force to reckon with. Among these industries that are integrating the blockchain technology into their operation is the lottery industry.

The major problems faced in the lottery industry that will be solved by the integration of blockchain technology include but are not limited to:

· Lack of fairness

· Decentralization

· Lack of innovation leading to lack of growth

Having listed some of the problems that will be solved by the integration of blockchain industry, let’s now explore how these problems will be solved.

1. Lack of trust: Absence of trust has dependably been one major test in the business. It is extremely imperative for there to be straightforwardness in the business because if a player knows that the odds are against him due to lack of transparency, it will discourage him from playing next time.

The integration of Blockchain technology will help increase trust and enable them to play with confidence since Blockchain smart contracts verify records on a shared ledger that cannot be manipulated therefore increasing transparency and trust. That is the reason at Mitoshi, we are incorporating blockchain innovation which decentralizes the odds, making the lottery more straightforward.

2. Decentralization: Blockchain technology being a decentralized platform provides a structure that ensures security, immutability and enables anyone to be able to partake in the game.

For instance, Mitoshi will build a lottery that is fair, transparent and secure — and globally accessible to those with an internet and a smart phone. Smart contracts will be used for collecting and distributing funds made from the token sale as well as in paying sales commissions and winnings — instantly.

3. Ability to own your own token: Blockchain technology enables lottery companies to have their personalized token. An example is the MTSH token at Mitoshi Crypto Lotto. MTSH will be used to participate in Mitoshi Crypto Lotto platform.

In conclusion, from what we can see blockchain technology has a huge potential to regularize the lottery industry for both the gamers and the operators.

For more information about Mitoshi, visit:
Website: https://www.mitoshi.io/
Facebook: http://m.facebook.com/MitoshiCryptoLotto/
Telegram: https://t.me/Mitoshi_Channel
Twitter: http://mobile.twitter.com/mitoshicrypto

Author: https://bitcointalk.org/index.php?action=profile;u=1444856

Wallet: 0x314eeD7e7eDDDD5f3364F057EAA7114483337bA0