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The Gaming Standards Association has officially launched its new Blockchain Committee and has elected Earle G Hall, CEO of AxesNetwork, as committee chair.

GSA and GSA Europe announced the committee’s formation during ICE Totally Gaming in February.

The committee’s first meeting will take place next week in London, on April 10, and will be hosted by GSA member company Playtech.

GSA president Peter DeRaedt said, “We are very excited to evolve this committee into a significantly beneficial asset to our prestigious membership.

“The blockchain technology is poised to change our industry forever. We are very thankful to have someone with the vision, in-depth knowledge and exceptional drive that Earle brings to GSA. He will lead us into this new realm of technology that will affect every aspect of our evolution.”

New committee chair Hall added: “Blockchain is the answer to so many of our inefficiencies.

“It is inherently designed for transparent, secure and distributed information flow. Blockchain will exponentially increase the potential for collaboration, efficiency and connectivity.

“I am very grateful to the membership for their vote of confidence with respect to my nomination.”

The GSA’s new Blockchain Technical Committee will collaboratively address the technology and advise on possible areas in which standards could be developed.

GSA Platinum members include Aristocrat Technologies, IGT, Konami, Microgaming, Novomatic, Playtech and Scientific Games.