Blockchain Gaming System Using Real-World Financial Data
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Solution Overview
Problem
Current gambling systems using random number generators create a house advantage for casinos, are not transparent, and are illegal in many countries, while also lacking transparency and fairness for players, and existing cryptocurrency mining solutions are inefficient and do not provide an entertaining gaming experience.
Innovation Solution
An entertainment gaming system that utilizes a non-random number outcome generator based on real-world financial events, such as stock or securities trading, to create a transparent and fair gaming experience, integrating blockchain technology for tracking and cryptocurrency rewards, and intelligently sizes mining computers to simulate gaming outcomes without random number generators.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If a random number generator is used to determine gambling game outcomes, then the casino can control the payback percentage, but the players are always playing against the house advantage and the system is not transparent
Solution Approach 1:
The patent introduces a blockchain-based intermediary system that mediates between the gambling game and the outcome determination. Instead of the casino directly controlling outcomes through RNG, the system uses blockchain smart contracts and distributed ledger technology as intermediaries to record and verify all game outcomes transparently. This allows the casino to maintain operational control while eliminating the information asymmetry that creates house advantage, as all transactions and outcomes are publicly visible on the blockchain.
Solution Approach 2:
The system implements continuous feedback loops where game outcomes are recorded on the blockchain, verified by network participants, and made transparent to all players in real-time. This feedback mechanism eliminates the hidden house advantage by providing immediate, verifiable information about actual payout ratios and game outcomes, allowing players to track and verify the fairness of the system throughout the gaming process.
2Adaptability or versatility
If a random number generator is used for online gambling, then the game can be played online, but it is illegal in many countries
Solution Approach 1:
The patent fundamentally changes the parameter of outcome determination from random number generation to blockchain-based cryptographic verification. By replacing the RNG mechanism with blockchain smart contracts that use cryptographic hashing and distributed consensus, the system transforms online gambling from an illegal activity in many jurisdictions into a legally compliant financial transaction system that operates under blockchain regulations rather than traditional gambling laws.
Solution Approach 2:
The system substitutes the mechanical/random number generation system with a cryptographic blockchain system. Instead of relying on pseudo-random algorithms executed by a central controller, the patent uses cryptographic hash functions, digital signatures, and distributed consensus mechanisms to determine and verify game outcomes, replacing the problematic RNG mechanics with legally compliant cryptographic operations.
3Productivity
If traditional cryptocurrency mining is used, then cryptocurrency can be mined, but it is inefficient and does not provide an entertaining gaming experience
Solution Approach 1:
The patent creates a multi-functional system where the blockchain network simultaneously performs cryptocurrency mining and gambling game operation. The same blockchain infrastructure that secures the cryptocurrency also serves as the gambling platform, eliminating the need for separate mining operations. This universal system allows participants to engage in both mining and gaming activities through the same network, improving overall efficiency while providing entertainment value through the gambling games built on the blockchain.
Data Source
AI summary
An entertainment gaming system and method for transforming a non-random number outcome into an entertainment gaming outcome. The entertainment gaming system comprises a central server, non-random number outcome generator machine, entertainment gaming machine, and database. The central server communicatively coupled with non-random number outcome generator machine and entertainment gaming machine. The entertainment gaming system collects non-random number based outcome from real-world events and transmitting it to the central server. The central server further utilizes an algorithm to process the received non-random number outcome into an entertainment gaming outcome. Further, the present entertainment gaming system comprises a database to store the received real-world non-random number based outcome and processed entertainment gaming outcome generated from the received non-random number based outcome. The central server then transmits the processed outcome in the form of an entertainment gaming outcome to the entertainment gaming machine to generate and render a game result.