Unknown Organization (20240242575). DLT-BASED LOTTERY GAMING SYSTEM AND METHOD simplified abstract
Contents
DLT-BASED LOTTERY GAMING SYSTEM AND METHOD
Organization Name
Inventor(s)
Richard Radomir Hamilton of Inverness FL (US)
Roy Kenneth Edwards, Jr. of Dunnellon FL (US)
DLT-BASED LOTTERY GAMING SYSTEM AND METHOD - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240242575 titled 'DLT-BASED LOTTERY GAMING SYSTEM AND METHOD
Simplified Explanation: This patent application describes a distributed ledger technology-based lottery gaming system where players can participate in multi-round lottery games using smart contracts. The system records all lottery ticket requests and winners on the ledger.
Key Features and Innovation:
- Utilizes distributed ledger technology for executing lottery games
- Players can participate in multi-round lottery games
- Smart contract controls the issuance of lottery tickets
- Records all lottery tickets and winners on the ledger
Potential Applications: This technology can be applied to various lottery gaming systems, online gambling platforms, and other gaming applications that require transparency and security.
Problems Solved: This technology addresses the need for a secure and transparent lottery gaming system that ensures fair play and accurate record-keeping.
Benefits:
- Increased transparency in lottery gaming
- Enhanced security and fairness in gaming systems
- Efficient record-keeping on a distributed ledger
Commercial Applications: Title: Distributed Ledger Technology-Based Lottery Gaming System for Enhanced Transparency and Security This technology can be used in online lottery platforms, casinos, and other gaming industries to provide a secure and transparent gaming experience for players.
Prior Art: Readers can explore prior art related to distributed ledger technology in gaming systems, smart contracts, and online gambling platforms to understand the evolution of this technology.
Frequently Updated Research: Researchers are constantly exploring the applications of distributed ledger technology in various industries, including gaming and gambling, to enhance security and transparency.
Questions about Distributed Ledger Technology-Based Lottery Gaming System: 1. How does distributed ledger technology enhance transparency in lottery gaming systems? 2. What are the potential challenges of implementing a distributed ledger technology-based lottery gaming system?
Original Abstract Submitted
a distributed ledger technology (dlt)-based lottery gaming system and method for executing lottery games. players are able to participate in a multi-round lottery game that is executed using an associated smart contract and the lottery game includes a plurality of winning numbers (e.g., six (6) total). under control of the smart contract, the players make an initial plurality of lottery ticket requests such that each initial lottery ticket request associated with a player of has an initial defined requested total lottery ticket count associated with the player indicating the number of tickets they wish to purchase and to be issued to them. a record of the lottery tickets issued and to which players are recorded on the dlt ledger. the lottery game is executed starting with an initial round and allowing for multiple subsequent rounds to be executed until a winner is identified.
