About Block Expert
We're at the forefront of
blockchain adoption for lottery industry
Our lottery-specific blockchain solutions are 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.
Our consultants are subject matter experts (SME) on business process management, cyber security, and enterprise blockchain adoption and development, specifically in the lottery industry, to help state-authorized lotteries build their blockchain presence with one-of-a-kind lottery-specific blockchain solutions.
We assist our clients at every stage of the onboarding process, from adoption to maturity stage providing in-depth research and analysis to full-scale development taking into account of the full spectrum of business procedures and regulations.
Lottery Market and Blockchain Adoption
Opportunity, challenges, and prospect
It is forecast that blockchain will generate an annual business value of $3.1 trillion by 2030 and by 20% of global economic infrastructure will be running on blockchain-based systems (Gartner). In the wake of an increased blockchain offering, lotteries have had to adapt and change their approach to stay relevant to a new generation of players that soon expect to do everything on blockchain.
The global lottery industry is facing some challenges and inefficiencies that inhibit responsible and sustainable growth. State-authorized lotteries seek growth partners focused on channel expansion, game content, and attracting new players.
Let’s colonize the blockchain!
Seize the opportunity!
Several factors are contributing to generally stagnant lottery revenues, including lower participation rates by millennials and lack of participation of Zoomers (Gen Z); a new generation of players that soon expect to do everything on blockchain.
We're committed to build with our partners the infrastructure that allows official and state lotteries to be more circular by building their presence on blockchain, while maintaining the brick-and-mortar business model, in parallel and full interaction with the current practice and guaranteeing:
- 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
How it is done
Adoption journey
We are committed to help state-authorized lotteries build their blockchain presence with one-of-a-kind lottery-specific blockchain solution. Our 3-stage approach ensures a successful adoption of blockchain technology and avoiding common pitfalls.
1. OnboardingAssessment & Implementation
Closing the gap between the perceived and actual value of blockchain, allowing for a more seamless transition for employees and other stakeholders.
2. GrowthExpansion & Partnerships
Identifying growth partners in a B2B model (like in Metaverse) to build a broader customer base and create strategic alliances to achieve social purpose targets and accelerating ESG program for our lottery clients.
3. MaturityInnovation & Sustainability
An optimized ecosystem to meet and exceed innovation and sustainability objectives that hosts all products and portfolios with zero interruption for our lottery clients.
OBARA Framework
Organizational Blockchain Adoption Readiness Assessment Framework
The Organizational Blockchain Adoption Readiness Assessment (OBARA) is a tool developed by Block Expert that helps organizations evaluate their readiness for blockchain adoption by assessing their maturity level across 5 key scope areas: Management, Process, People, Technology, and Acquisition.
The Ultimate Use Case
Introducing MyLottoCoin
We developed the world’s first fully autonomous blockchain-powered solution incorporating the elements of state-authorized lotteries into the security, reliability, transparency and performance of blockchain technology. Our lottery-specific turnkey blockchain solution is the ultimate use-case for lotteries, along with many other use-cases that lotteries can implement to enhance their operation and excel to a new era.
A blockchain-enabled future
Embrace blockchain for business transformation
Our lottery-specific blockchain solutions are 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.
Customizable, auditable, multifaceted, and transparent with full compliance with all regulatory requirements
Full integration into the current operating model with no additional cost and no change order
A new revenue stream with near-zero operating and administrative cost leading to more allocation to good causes
Smart and powered by a full autonomous operation guaranteeing an end to end automation
Download Document
Explore more in our publications
Here are some resources for a better understanding of how our solutions provide value-add to your business.
Contact
Get In Touch
Any question? Reach out to us and we’ll get back to you shortly.
-
+1 587-315-9850
-
500 4 Ave SW, Suite 2500, Calgary, AB T2P 2V6
-
info@bexpert.com
