Why the World Needs Decentralised Betting

Decentralized organizations enable work to be distributed to the community members instead of being entirely driven by top-down decision making hierarchies. While tokens financially align participants to contribute value to such a network, it is grassroots community leadership and ownership that enables the long-term success of a token network.

If trust is the key blockchain enabler, banks already trust one another, so why do we need a “trust network”? The answer lies in the fact that when we examine the cost of running the current trust system, we will find these costs have become excessive. This is in part due to regulations, and in part due to the required complex integrations between

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It's easy to say that any application can be done more efficiently with a centralized service, but in practice social coordination problems are very real, and unwillingness to sign onto a system that has even a perception of non-neutrality or ongoing dependence on a third party is real too. And so the centralized and even consortium-based approache... See more

The second major feature of blockchains is that they’re typically public and open source, meaning that unlike a Google spreadsheet, anyone can inspect a public blockchain’s code or see a record of any transaction. 

Azuro — the solutionHere’s comes Azuro — a decentralized betting protocol with DAO governance, to become the base infrastructure of betting dApps in the future. Azuro’s solution revolves around two important new pillars — importing odds & results via oracles, and utilizing 1 main liquidity pool, from where liquidity is allocated to different ev... See more

-Using blockchains to create more trusted, transparent and verifiable versions of existing processes.