Aristocrat Technologies, Inc. (20240331499). PROGRESSIVE SYSTEMS ON A DISTRIBUTED LEDGER simplified abstract
Contents
PROGRESSIVE SYSTEMS ON A DISTRIBUTED LEDGER
Organization Name
Inventor(s)
Eric Taylor of Carson City NV (US)
Nimish Purohit of Las Vegas NV (US)
Thomas Rizos of Austin TX (US)
PROGRESSIVE SYSTEMS ON A DISTRIBUTED LEDGER - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240331499 titled 'PROGRESSIVE SYSTEMS ON A DISTRIBUTED LEDGER
The abstract describes a blockchain system that offers progressive jackpots within a network of electronic devices, specifically electronic gaming machines (EGMs).
- The EGM stores a local blockchain and a system blockchain.
- It identifies transactions for the first progressive jackpot account, which are deposit transactions from other electronic gaming devices adding value to the jackpot within the local blockchain.
- The EGM calculates the total sum amount of these transactions and creates a blockchain transaction for the first progressive jackpot account, including the total sum amount.
- This transaction is then transmitted to other electronic gaming devices for addition to the system blockchain.
Potential Applications: - Online casinos - Gaming tournaments - Lottery systems
Problems Solved: - Ensuring transparency and security in jackpot systems - Facilitating cross-device jackpot accumulation
Benefits: - Increased trust among players - Enhanced scalability for jackpot prizes
Commercial Applications: "Blockchain-Based Progressive Jackpot System for Online Casinos and Gaming Tournaments"
Questions about the technology: 1. How does this blockchain system ensure the fairness of jackpot payouts? 2. What measures are in place to prevent fraudulent activities within the system?
Original Abstract Submitted
a blockchain system provides progressive jackpots within a blockchain network of participating electronic devices. the blockchain system includes an electronic gaming machine storing a local blockchain and a system blockchain. the egm is configured to identify a plurality of transactions for the first progressive jackpot account, each transaction of the plurality of transactions are deposit transactions from the first plurality of electronic gaming devices adding value to the first progressive jackpot account within the local blockchain. the egm also determines a total sum amount of the plurality of transactions and creates a first deposit blockchain transaction including a first progressive jackpot account identifier and the total sum amount. the egm transmits the first deposit blockchain transaction to one or more nodes of the second plurality of electronic gaming devices for addition to the system blockchain.
