Epazz, a provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, has announced that it has filed a provisional patent for a blockchain fantasy sport gambling solution.
With the recent US Supreme Court decision resulting in differing state laws, the average individual may not have time to look up each state law to determine if he or she is in compliance.
Part of the patent application focuses on compliance management and verification of available funds. Before a person is able to participation in a transaction, ZenaPay will verify all the details in the background. The transactions will be run through the ether network and will be posted on the user’s profile.
In October 2017, and prior to the release of ZenaPay, Epazz announced that it saw an opportunity in fantasy sports during the design process. The design team developed a unique way to process transactions to verify that the bidder had the funds available and was in compliance with state laws.
Epazz CEO Shaun Passley said: “We are able to reuse our technology in multiple different blockchain applications. We believe we need to create a primary mobile app which has robust functionality. The user will be able to select which functions he or she wants. This business model allows us to decrease our customer acquisition cost and build a user community as we develop and acquire new apps.”
