SmartPlay is an Ethereum blockchain development company which has placed a cryptocurrency gambling machine in a Russian land-based casino. This smart box rather than having a random number generator and gaming software within the machine itself, the gambling program is written into the blockchain.
The machine is set to accept fiat currency which then converts them into the company’s own coin called the RLT (roulette token).
The alt-coins are available for purchase and sale on Russia’s LiveCoin exchange, and 0,5% of each bit is returned to the players as a bonus in RLT (Price: $0.07 based on ETH currency, now is worth about $1.15)
For now, the machine has been only for testing and evaluate the product and its functions, meaning that no real money bets are accepted, as games developed inside the machine are only SmartRoulette, however, if everything works out well in the future will be included games as poker, blackjack and slots. (READ SO: RUSSIA SEEKS TO SEE FLOURISHING PRIMORSKY KRAI GAMBLING)
the company argues that the machines will be able to eliminate some human part in casinos floors, avoiding error, as all processes are handled via smart contracts on the blockchain. In the involved works that could be replaced are croupiers, cashiers, and accountants.
Also, the games are also probably fair as nobody, not even SmartPlay can change the blockchain once it is written.
