BUSINESS

Mark Pace to lead online gaming reporting standardization effort

TAGs: Bitcoin SV, Blockchain, gaming standards association, Mark Pace

The European Union is taking another step towards getting standards in place for online gaming. It’s European Committee for Standardisation has asked Mark Pace, the managing director of Gaming Standards Association (GSA) to pave the way for the creation of online gaming activity reporting standards.

Mark Pace to lead reporting standardization effort in EuropeGGRAsia reports the GSA announced Pace would take the lead role of the new Technical Committee 456 to this role on January 15 in a written statement.

The goal of the committee will be to develop “a single set of data elements and a standard method for data to be supplied to regulators in each EU country.”

Pace was honored by the appointment, saying in a press release:

“I am deeply appreciative for the votes of so many member states and will work earnestly to help deliver a sound technical solution that will benefit regulators as well as online gambling operators and suppliers.”

The GSA has previously announced the establishment of a blockchain technical committee to help create an industry standard. The group expects that blockchain technology will revolutionize the sector and wants to determine how they can apply standards for a smooth transition.

The good news for the GSA is they can kill two birds with one stone by taking a hard look at Bitcoin SV (BSV).

Through the adoption of BSV, they can standardize and improve the payment systems of their operators by leaps and bounds. BSV is built to scale massively, and can provide an unbeatable standard of fast, safe and secure payments for operators and customers alike.

To address the mandate of Mr. Pace’s new role, the BSV powered Metanet can provide the blockchain solution the GSA is looking for. As nChain’s Sebastian Plötzeneder recently explained, Dr. Craig Wright’s revolutionary creation can become a central, standardized source of data for all operators, and remove the need for database silos for each player in the sector. Best of all, it’s an incredibly secure and adaptable system.

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