Player protection specialists joins forces with blockchain specialist to launch next-gen player protection tools to help operators avoid non-compliance and regulatory fines.
UK: 30 January 2023 – W2, the provider of leading regulatory compliance services to the gambling industry and player protection specialists Crucial Compliance have joined forces with leading blockchain technology company nChain in a breakthrough partnership that brings blockchain-powered compliance solutions to operators in global markets.
The collaboration enhances the suite of compliance solutions offered by W2 and strategic partner Crucial Compliance, helping operators better overcome today’s regulatory challenges while future-proofing their compliance tools and processes for the challenges of tomorrow.
Distributed Ledger Technology (DLT) is already playing a big role in transforming the industry. The collaboration between W2, Crucial Compliance and nChain brings this transformation to the area of regulation and compliance for the first time.
The solutions being offered by W2 and Crucial Compliance are now supported by the unmatched blockchain technology of nChain, forming a complete compliance and player protection toolkit that mitigates the risk of operators being hit with fines and the reputational damage this causes.
Blockchain is critical to this enhanced level of protection – traceable, auditable, trustless compliance tools are the future of iGaming and operators can access them now via W2 and Crucial Compliance.
Warren Russell, CEO of W2, said: “Protecting players should be easy. Combining W2’s tools and expertise with Crucial Compliance and nChain, we’ve created a complete solution that puts players first and makes maintaining compliance simple for operators.”
Paul Foster, CEO at Crucial Compliance, said: “Distributed Ledger Technology is the future of regulatory compliance and player protection, and this collaboration between W2, Crucial and nChain allows our operator partners to leverage its huge potential today while futureproofing for tomorrow.”
Nick Hill, Sales Director at nChain, added: “We are passionate about the ways in which blockchain can enhance vital processes for businesses in a wide range of sectors but especially when it comes to gambling operators and regulatory compliance and player protection.”
“This breakthrough partnership between nChain, W2 and Crucial Compliance makes these cutting-edge technologies available now, allowing gambling operators to enhance compliance and further mitigate the risk of fines and reputational damage.”
Find out more about W2, Crucial Compliance, and nChain by visiting the Consumer Protection Zone at ICE London on 7-9 February.
About Crucial Compliance:
Crucial Compliance is the one-stop-shop for all your regulatory, corporate responsibility and compliance needs. With extensive knowledge and expertise in the various RG and AML areas, Crucial Compliance can provide you with tailormade strategies & solutions which will match your regulatory and aspirational Corporate Social Responsibility.
Crucial Compliance delivers a holistic safer gambling strategy which is tailored to the specific needs of online gaming operators. It provides support to help you build a long term, sustainable and effective Player Protection Model, by providing data driven analyses, in-depth knowledge of the industry and a wide range of tools to support your business needs.
Crucial Compliance is bringing change to the industry, one operator at a time.
About nChain
Founded in 2015 and with offices in London (United Kingdom), Zug (Switzerland), Ljubljana and Maribor (Slovenia), Stockholm (Sweden), and Manila (Philippines), we are the DNA of Blockchain.
nChain unleashes the potential of blockchain technology through ongoing research and development of inventions, including the maintenance of a robust patent portfolio, and by offering software, IP licensing, and consulting services across several industries, including iGaming, supply chain, and finance. nChain also offers solutions in the digital payment space, along with professional services that assist enterprises of all types to benefit from blockchain technology. nChain currently has almost 2,800 registered patent applications of which approximately 500 have been granted and is the developer behind the Bitcoin SV Node software, Teranode, LiteClient, Kensei and more.
For more information, visit nChain here.
